By Heikki Vepsäläinen Large motors are also large consumers of industrial energy. That makes them a prime target for energy efficiency initiatives. Energy efficiency is so important in the world’s journey to net zero that the International Energy Agency (IEA) has labeled it “the first fuel.” As part of this initiative, industrial electric motors are a key target area for…
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ABB Urges Greater Adoption of High-Efficiency Motors
In a new whitepaper, ABB revealed potential for significant energy efficiency improvements in industry and infrastructure enabled by the latest and most high-efficiency motors and variable speed drives. ABB calls on governments and industry to accelerate adoption of the technology to help combat climate change.
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Oil prices rose after a top energy monitor said that prices might have bottomed on hopes that falling supply would help alleviate the global glut of crude. The International Energy Agency said that prices have been supported by easing supply around the globe but cautioned that the recent rally might not be sustainable as the demand outlook remains uncertain. Crude…
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