Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) has been awarded the IoT Breakthrough 2023 "Industrial IoT Company of the Year" for the fifth consecutive time, recognizing its leadership in industrial software and IoT through the Plantweb™ digital ecosystem, enhanced by AspenTech (NASDAQ: AZPN) solutions. Emerson's extensive automation technology suite aids manufacturers in optimizing operations and achieving sustainability goals. The award highlights Emerson's commitment to innovation, as it continues to lead the market with its comprehensive digital transformation offerings, thereby enhancing performance, safety, and efficiency.

Emerson Ventures has made a strategic investment in ZEDEDA, an edge management and orchestration provider, enhancing their collaboration. ZEDEDA's solution integrates with Emerson's DeltaV™ automation system, enabling customers to modernize operations and extend cloud capabilities to the edge. This relationship aims to revolutionize how manufacturing systems interact and improve efficiency, with ZEDEDA recently raising $26 million in Series B funding and managing quadrupled nodes since 2021.

PETRONAS has signed a Memorandum of Understanding (MoU) with Emerson (NYSE: EMR) to advance digital transformation and decarbonization efforts. This collaboration aims to enhance automation solutions and extract diagnostic data from field instruments. Emerson's Vice President highlighted the synergy in sustainability and digital transformation priorities between the two companies. The agreement aligns with PETRONAS's goal of achieving Net Zero Carbon Emissions by 2050 through innovative and cleaner energy operations.

Emerson (NYSE: EMR) collaborates with Purdue University on an innovative residential energy project called the Nanogrid House. This living lab focuses on transitioning home energy systems from alternating current (AC) to direct current (DC), allowing homeowners to utilize renewable energy sources like solar and wind. The project aims to reduce carbon emissions by 55% and lower energy costs by up to 44%. Emerson's Ovation™ technology automates energy management, showcasing a sustainable model for future energy-efficient homes.

Korea Hydrogen Green Energy Network (KOHYGEN) has partnered with Emerson (NYSE: EMR) to enhance hydrogen refueling infrastructure, marking a significant step in reducing emissions and advancing a net-zero economy. The collaboration follows the completion of the world's largest hydrogen refueling station, designed to efficiently fuel over 100 vehicles daily. Emerson will provide advanced automation technologies essential for creating high-capacity refueling stations across Korea. This initiative aims to establish a stable hydrogen supply chain, expanding services to diverse transportation modes by 2025.

Emerson (NYSE: EMR) has appointed Peter Zornio as its new chief technology officer. Zornio, previously CTO for Emerson’s Automation Solutions business, will focus on driving innovation, technology strategy, and product development across the company. His role will include leading central R&D functions and shaping the overall technology portfolio. Emerson President and CEO Lal Karsanbhai emphasized that Zornio's extensive experience will be crucial for the company's transformation and growth in industrial automation. Zornio will also remain on the board of Emerson Ventures.

Emerson (NYSE: EMR) will share presentation materials from its investor conference on November 29 at 7:15 a.m. CT. A live webcast starts at 8:00 a.m. CT, featuring insights from President and CEO Lal Karsanbhai and senior executives. The webcast will be accessible for 90 days post-event. Emerson, a global technology and software leader, focuses on providing innovative solutions to optimize operations for essential industries, highlighting its automation expertise and majority stake in AspenTech.

Emerson has entered into a five-year framework agreement with Equinor to provide operational support services for the Martin Linge platform in the Norwegian North Sea. The agreement includes options for three additional five-year periods and focuses on maintenance, upgrades, and operational efficiency to reduce energy consumption and emissions. The platform is significant, with expected recoverable resources of approximately 260 million barrels of oil equivalent.

Emerson (NYSE: EMR) is set to conduct an in-person and virtual investor conference on Tuesday, Nov. 29, 2022, in New York City. This event will feature presentations from President and CEO Lal Karsanbhai and other senior executives, starting with a live webcast at 8:00 a.m. Central Time / 9:00 a.m. Eastern Time. Interested attendees can register for the webcast at Emerson's investor resources page, where the webcast will remain available for 90 days.