NewswireTODAY - /newswire/ - Zurich, Switzerland, 2024/08/12 - The two global leaders will leverage industry expertise and equipment in a bid to create world-class interoperability, ranging from renewable energy generation to fully electrified mining equipment for customers, through an open platform - Komatsu.com. ABBN: SIX Swiss Ex

• Two organizations sign Strategic Collaboration Agreement to jointly create electrification and decarbonization solutions;
• Agreement comes as mining companies worldwide seek solutions to enable net zero emissions for heavy industrial machinery;
• A dedicated team with representatives from both technology leaders will explore development and go-to-market strategies.

Komatsu and ABB have signed a Strategic Collaboration Agreement to jointly develop and bring to market integrated solutions that will help move net zero emissions for heavy industrial machinery a step closer to reality. The two global leaders will leverage industry expertise and equipment in a bid to create world-class interoperability, ranging from renewable energy generation to fully electrified mining equipment for customers, through an open platform.

Multinational company Komatsu is known as one of the world’s largest providers of construction and mining machinery and will now link up with global leader ABB for its expertise and technologies for automation and electrification. Both companies bid to accelerate decarbonization in mining alongside customers, partners and suppliers, enabling continued productivity, energy efficiency and value across the industry.

The global mining industry remains responsible for up to seven percent of global greenhouse gas emissions, according to strategy and management consultancy McKinsey & Co.1, with a large volume attributed to diesel-driven vehicle movements in open-pit and underground mines. It’s widely recognized that decarbonization of mobile mining equipment is needed to help mine operators achieve their greenhouse gas reduction targets. ABB and Komatsu's collaboration is geared towards reducing diesel consumption and ultimately eliminating it through the electrification of mine operations.

ABB and Komatsu (komatsu .com) are developing innovative solutions such as fully electrified mining machinery and advanced energy management systems. Innovation is the primary catalyst for ABB and Komatsu to help the industry reach carbon reduction goals. Each company will nominate specialists from their teams for a working group to develop recommendations and strategies on what the road to net zero emission systems for grid to wheel could require.

“We’re pleased to embark on this collaboration with ABB and are excited to leverage one another’s industry leading products and technological expertise to help move mining operations toward net zero emissions, empowering a sustainable future where people, business and the planet thrive together,” said Dan Funcannon, Sr. Vice President of Surface Haulage for Komatsu.

“By working together, we will tackle electrification and make a revolutionary difference to the way mining companies operate their sites in the near future,” said Joachim Braun, Division President, ABB Process Industries. “We recognize the strategic importance of this agreement and believe there will be mutual business benefits and potential technology solutions for the mining market. Collaboration across the industry has already been proven to enable real and faster progress and we look forward to driving what happens next.”

For a firsthand look of this collaboration, ABB’s Robot Automated Connection Device (ACD) will be featured on the Komatsu MINExpo 2024 booth from September 24th to 26th. The Robot ACD is planned to be a fully automated interoperable connection device working in tandem with the ABB eMine™ FastCharge solution for future battery-electric trucks.

ABB draws on 130 years of experience in the mining industry and is a pioneer in the integration of electrification, automation and digitalization in mining.

ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps customers in process, hybrid and maritime industries improve performance and safety of operations, enabling a more sustainable and resource-efficient future.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on over 140 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.abb.com

[1] Climate risk and decarbonization: What every mining CEO needs to know | McKinsey

Agency / Source: ABB Robotics / ABB Ltd

Availability: All Regions (Including Int'l)

Traffic Booster: [/] Quick NewswireToday Visibility Checker

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]