SYDNEY and ZURICH and ARMONK,
N.Y., Feb. 22, 2022
/PRNewswire/ -- Worley (ASX: WOR), ABB (ABBN: SIX Swiss
Ex) and IBM (NYSE: IBM) have signed a memorandum of understanding
to collaborate on helping energy companies build and operate green
hydrogen facilities more efficiently and at scale.
The planned three-party collaboration aims to develop an
integrated, digitally enabled solution for facility owners to build
green hydrogen assets more quickly, cheaply, and safely, and
operate them more efficiently.
Green hydrogen is a form of clean energy made from water
through electrolysis, which is powered by renewable energy. While
many industries want to invest in green hydrogen, high production
costs pose a barrier to driving market adoption and achieving scale
over natural gas or blue hydrogen. In addition, production
facilities require an accessible and abundant renewable energy
supply. This collaboration aims to help customers address these
challenges by scaling up technologies and reducing production
costs to enable green hydrogen to become more widely used.
Under the collaboration, Worley will provide engineering,
procurement, and construction expertise across all stages of the
project. ABB will provide offerings for electrical infrastructure,
automation, operations digitalization and optimization, and energy
management. IBM will provide systems integration services, as well
as data framework and management solutions. Together, the three
parties will provide operations and maintenance services,
leveraging their combined digital expertise.
"This collaboration aims to help turn net-zero solutions into
reality. It will build on the key learnings of our ground-breaking
Ambition to Reality paper, written in collaboration with
Princeton University, USA. By fast-tracking and standardizing how we
engineer-design-operate, this collaboration is expected to reduce
the levelized cost of green hydrogen and help our customers to
decarbonize their operations further," says Chris Gill, Senior Vice President of Low-carbon
Hydrogen at Worley.
"Hydrogen is at the heart of the energy transition and is
essential to decarbonizing a wide range of hard-to-abate
industries. Together with Worley and IBM, we're dedicated to enable
a new concept to accelerate the adoption of low carbon hydrogen and
efficiently meet the growing demand. Complementing our partners
expertise with our electrification, automation and digital
solutions, we will aim to enable lower production costs through
smart, safe and sustainable operations," says Bruno Roche, Vice President, Energy Transition
at ABB Energy Industries.
"While many industries have been able to adopt wind and solar to
help decarbonize operations, energy-intensive industries, such as
petrochemical, cement and steel, require heat temperatures and
combustion that cannot be achieved with these renewables. Green
hydrogen can help address these distinct needs in a more scalable
sustainable way. IBM's collaboration with Worley and ABB aims to
address those challenges by combining expertise and
solutions from all three companies into a distinct ecosystem
of industry leaders to help form a repeatable process to
build, operate and manage green hydrogen facilities. We believe
this kind of collaboration is critical to achieving decarbonization
goals," says Zahid 'Z' Habib, Vice President, Global Energy &
Resources Industry Leader, IBM Consulting.
The planned relationship is subject to the parties reaching
definitive agreements.
About Worley: Worley is a global company headquartered in
Australia and our purpose is
delivering a more sustainable world. Worley is a leading
global provider of professional project and asset services in the
energy, chemicals and resources sectors. As a knowledge-based
service provider, we use our knowledge and capabilities to support
our customers to reduce their emissions and move towards a low
carbon future.
Worley Limited is listed on the Australian Securities Exchange
(ASX: WOR).
About ABB: (ABBN: SIX Swiss Ex) is a leading global
technology company that energizes the transformation of society and
industry to achieve a more productive, sustainable future. By
connecting software to its electrification, robotics, automation
and motion portfolio, ABB pushes the boundaries of technology to
drive performance to new levels. With a history of excellence
stretching back more than 130 years, ABB's success is driven by
about 105,000 talented employees in over 100
countries. www.abb.com
About IBM: For more information about IBM
visit, www.ibm.com.
Forward-Looking and Cautionary Statements
IBM's statements regarding its plans, directions, and intent are
subject to change or withdrawal without notice at IBM's sole
discretion. Information regarding potential future
products is intended to outline our general product direction and
it should not be relied on in making a purchasing decision. The
information mentioned regarding potential future products is not a
commitment, promise, or legal obligation to deliver any material,
code or functionality. Information about potential future products
may not be incorporated into any contract. The development,
release, and timing of any future features or functionality
described for our products remains at our sole discretion.
CONTACT:
Allison Bishop, 717-572-3309,
allison.bishop@ibm.com
Worley press room, worley@aspectusgroup.com
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SOURCE IBM