According to the International Energy Agency (IEA), chemicals, cement and steel production collectively account for 70% of industrial CO2 emissions, equal to approximately six billion tons annually.
ABB and Coolbrook say they will leverage their respective capabilities and resources to rapidly commercialize Coolbrook’s patented RotoDynamic technology, which can electrify hard-to-abate industrial sectors. ABB will provide their automation, electrification and digitalization expertise, as well as integrate their electric motors and variable speed drives, to further enhance Coolbrook’s technology by optimizing energy efficiency and operational processes, according to the company. ABB’s investment will reportedly also enable quicker technology readiness and increase corporate capacity to achieve the joint goal of industrial scale-up.
“We believe that our RotoDynamic technology, which can help cut up to 2.4 billion metric tons of carbon emissions annually, is one of the major inventions of our time. Together with ABB we can speed up the development of this groundbreaking technology to help reduce carbon dioxide emissions from energy-intensive processes and bring about the beginning of a clean new industrial era,” says Ilpo Kuokkanen, executive chair, Coolbrook, in a press release. “ABB’s global footprint and technology leadership will be key to accelerating market adoption.”
Read the press release at www.abb.com
