Latest news with #energyEfficiency
Yahoo
an hour ago
- Business
- Yahoo
ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025
STAMFORD, Conn., June 20, 2025--(BUSINESS WIRE)--June 20, 2025-- ITT Inc. (NYSE: ITT) today announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. On June 25 at 9:40 a.m. CT, Kernan will deliver a keynote presentation at Downstream USA 2025 on the topic of "Unlocking Hidden Energy, Reliability and ROI in Every Pump and Fan." Downstream USA, organized by Reuters Events and held at the George R. Brown Convention Center in Houston, is North America's leading downstream conference with more than 3,000 petrochemical, chemical and EPC attendees. VIDAR solves a problem endemic to the global flow industry: wasted energy. Each year, roughly $300 billion is spent globally to move fluids for critical applications. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage. VIDAR, an industrial motor with advanced variable frequency technology in a package 60% smaller than current market solutions, ensures that rotating equipment runs at desired flow rates while reducing energy and maintenance costs for operators. "VIDAR is more than just a motor; it's a compact powerhouse that replaces traditional motors and variable frequency drives and fits seamlessly into existing footprints. In one field trial, deploying VIDAR on a single pump reduced energy usage by over 50% and saved the customer roughly $20,000. VIDAR is another example of ITT's differentiation through innovation, with a game changing technology. Both VIDAR Unveiled and Downstream USA 2025 are the next opportunities for customers and partners to experience firsthand how VIDAR reduces energy waste and lowers costs in critical downstream and chemical applications," said Kernan. About VIDAR VIDAR is an innovative leader in the design and manufacturing of advanced energy-efficient motors for industrial fluid delivery systems. Specializing in the integration of variable-speed intelligence directly into motor technology, VIDAR provides sustainable solutions that significantly reduce energy consumption and operational costs. Committed to transforming industrial performance, VIDAR motors offer enhanced efficiency, reliability, and space-saving design. Headquartered in Syracuse, New York, VIDAR currently serves industries across North America and is actively expanding its platform to drive energy savings and advance environmental sustainability on a global scale. For more information about VIDAR, please visit About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-E View source version on Contacts Media: Phil Terrigno+1 Investors: Mark Macaluso+1
Yahoo
2 hours ago
- Business
- Yahoo
Energy Commission: Up to 19pc reduction as Putrajaya unveils progressive electricity tariff, new rebates for low-use households
More than 23.6 million domestic users in peninsular Malaysia will benefit from lower and fairer electricity tariffs under a revised structure starting 1 July 2025. The average base tariff has been reduced to 45.40 sen/kWh, with incentives for energy-efficient users and extended off-peak hours introduced to promote lower consumption. Special rebates and social support will continue, while a more transparent bill format and a new fuel adjustment mechanism will reflect actual monthly costs. PUTRAJAYA, June 20 — More than 23.6 million domestic electricity users in peninsular Malaysia are set to benefit from fairer and more progressive rates under a newly approved tariff structure that will come into effect from July 1. The new electricity tariff, which will run until December 31, 2027, falls under the Fourth Regulatory Period (RP4) of the Incentive-Based Regulation framework governed by the Electricity Supply Act 1990. 'The tariff revision involves a restructuring of the average base tariff rate, a new tariff schedule, and a revamped fuel cost adjustment mechanism,' the Energy Commission said in a statement today. The average base tariff has been revised to 45.40 sen/kWh, slightly lower than the 45.62 sen/kWh approved in December 2024, resulting in an overall average tariff reduction of up to 19 per cent compared to the previous regulatory period. Under the new tariff schedule, users will now be categorised based on voltage levels — domestic and non-domestic — while charges will reflect actual costs across energy, capacity, network, and retail components. The Energy Efficiency Incentive will benefit domestic users who consume 1,000 kWh or less, while non-domestic users using under 200 kWh will also be eligible for incentives. The Time of Use scheme has been updated to include extended off-peak hours from 10pm to 2pm on weekdays and all day on weekends, to encourage consumption during low-demand periods. The government will continue to offer social support, including special tariffs for agriculture, water services, and rail operators, a 10 per cent rebate for schools, places of worship and welfare homes, and a monthly RM40 rebate for hardcore poor households registered under e-Kasih. Electricity bills will adopt a more detailed itemised format to improve transparency, with energy-conscious users likely to see further savings. The new Automatic Fuel Adjustment mechanism will replace the current Imbalance Cost Pass-Through system, with adjustments made based on monthly fuel prices and exchange rates. Consumers can check their new rates from June 21 and use a bill calculator available from June 23 on the official TNB website.
Malay Mail
2 hours ago
- Business
- Malay Mail
Energy Commission: Up to 19pc reduction as Putrajaya unveils progressive electricity tariff, new rebates for low-use households
More than 23.6 million domestic users in peninsular Malaysia will benefit from lower and fairer electricity tariffs under a revised structure starting 1 July 2025. The average base tariff has been reduced to 45.40 sen/kWh, with incentives for energy-efficient users and extended off-peak hours introduced to promote lower consumption. Special rebates and social support will continue, while a more transparent bill format and a new fuel adjustment mechanism will reflect actual monthly costs. PUTRAJAYA, June 20 — More than 23.6 million domestic electricity users in peninsular Malaysia are set to benefit from fairer and more progressive rates under a newly approved tariff structure that will come into effect from July 1. The new electricity tariff, which will run until December 31, 2027, falls under the Fourth Regulatory Period (RP4) of the Incentive-Based Regulation framework governed by the Electricity Supply Act 1990. 'The tariff revision involves a restructuring of the average base tariff rate, a new tariff schedule, and a revamped fuel cost adjustment mechanism,' the Energy Commission said in a statement today. The average base tariff has been revised to 45.40 sen/kWh, slightly lower than the 45.62 sen/kWh approved in December 2024, resulting in an overall average tariff reduction of up to 19 per cent compared to the previous regulatory period. Under the new tariff schedule, users will now be categorised based on voltage levels — domestic and non-domestic — while charges will reflect actual costs across energy, capacity, network, and retail components. The Energy Efficiency Incentive will benefit domestic users who consume 1,000 kWh or less, while non-domestic users using under 200 kWh will also be eligible for incentives. The Time of Use scheme has been updated to include extended off-peak hours from 10pm to 2pm on weekdays and all day on weekends, to encourage consumption during low-demand periods. The government will continue to offer social support, including special tariffs for agriculture, water services, and rail operators, a 10 per cent rebate for schools, places of worship and welfare homes, and a monthly RM40 rebate for hardcore poor households registered under e-Kasih. Electricity bills will adopt a more detailed itemised format to improve transparency, with energy-conscious users likely to see further savings. The new Automatic Fuel Adjustment mechanism will replace the current Imbalance Cost Pass-Through system, with adjustments made based on monthly fuel prices and exchange rates. Consumers can check their new rates from June 21 and use a bill calculator available from June 23 on the official TNB website.
Tahawul Tech
5 hours ago
- Business
- Tahawul Tech
Chinese mobile operators cut operational emissions
The Chinese mobile operation industry recently reduced their operational emissions for the first time in 2024. However the volume of mobile data traffic has nearly quadrupled since 2019. As a whole the industry has begun taking actions to improve its energy efficiency and increased the use of renewables. Before the decline last year, previous analyses found regular annual increases in emissions in China, which rose 7 per cent between 2019 and 2023. Energy consumption grew 30 per cent since 2019 as data consumption soared with the nationwide rollout of 5G services, with the nation ending 2024 with just over 1 billion 5G connections. Steven Moore, head of climate action at the GSMA, stated the opportunity in China is enormous, as operators can propel the industry forward in its efforts towards net zero. 'A lot more needs to be done, and it is encouraging to see the mobile industry in Greater China making progress in this way', he noted. 'However, this first decrease is only realised if it goes further next year. We must double down and ensure we are doing everything we can as a global industry to halve emissions by 2030'. The Mobile Net Zero: Greater China report, released at the event, noted the drop in emissions comes as a growing number of mobile operators in the region are setting voluntary climate targets. Four operators in Asia Pacific have validated near-term science-based targets, while three have validated net zero targets. Several key suppliers also have committed to science-based targets and 2050 net zero targets. The annual Mobile Net Zero report found the mobile industry trimmed operational emissions by 8 per cent between 2019 and 2023 despite surging demand. Source: Reuters Image Credit: Stock Image
Irish Times
13 hours ago
- Business
- Irish Times
Homeowners can ‘save more than €3,500 a year' with energy-efficient technology
Homeowners using energy-efficient technologies such as solar panels, heat pumps and electric-vehicle home chargers can save more than €3,500 a year, a report says. As well as reporting big savings, people who have taken the most energy-efficient approach to their homes say they get additional benefits including enhanced levels of comfort, according to Electric Ireland's sustainability index. Despite the benefits, however, a significant portion of the population feel unable to invest in such technologies due to the upfront costs and a lack of clear guidance. A total of 13 per cent of those who took part in the survey said they had solar panels installed; 11 per cent owned heat pumps and 7 per cent had EV chargers. READ MORE Respondents said there were clear cost benefits to these new technologies. Householders generating energy through solar panels reported perceived savings averaging €91 a month on energy bills. Those with heat pumps said they saved an average of €77 monthly. EV owners reported average savings of €128 a month on fuel costs. The cumulative monthly savings for people with all three technologies comes in at €296 monthly or €3,552 over a year. While financial savings were listed as the leading benefits, some respondents also spoke of additional benefits: 60 per cent of heat pump owners said their homes were more comfortable as a result and 46 per cent said convenience was another benefit. Despite benefits of such technology, the Electric Ireland sustainability index shows that willingness to make the switch to more energy-efficient technologies remains low beyond the early adopters. For those who have yet to make any home energy-efficiency upgrades, few have active plans to do so. Just 22 per cent are considering solar panels with only 12 per cent considering heat pumps or EV chargers. The most commonly cited barrier is cost, with nearly 60 per cent saying the upfront cost was a key deterrent. 'What Electric Ireland's new sustainability index reveals is that the long-term benefits of more energy-efficient technologies are clear – but the upfront costs can be challenging' Electric Ireland's Noeline Gibbons said. She said the average cost of a solar PV system was €8,000 to €10,000 and when SEAI grants were included most households saw a return on investment within four to six years. 'We are acutely aware that many families and individuals want to start the energy transition, but struggle with upfront costs and a lack of information,' she said. Beyond cost concerns, others reported that the process of accessing grants felt like too much hassle or said they were unsure if the investment would pay off in the long term. Ms Gibbons said a lack of information and the ease of sticking to current habits were also noted by some as factors holding people back. Awareness of available grants was limited with less than 40 per cent familiar with government support schemes. 'Our sustainability index show that many consumers who are considering switching to more sustainable energy lifestyles simply don't know where to begin – and the range of options can feel complex and daunting so there is a clear need for simple accessible information,' Ms Gibbons said. The sustainability index was conducted by Red C Research between April 2nd and April 10th, with a nationally representative survey of 1,026 adults.
