Emerson Electric Co. reports developments for a global automation business focused on industrial software, control systems, measurement, valves, and related automation technologies. Company news regularly covers quarterly results, outlook updates, dividends, investor presentations, board changes, and portfolio actions tied to its automation-focused operating model.
Product and customer updates include AspenTech industrial software and AI capabilities, the DeltaV™ and Ovation™ Automation Platforms, cybersecurity collaborations for operational technology environments, and automation work for power, water, renewable energy, carbon capture, and other critical infrastructure applications.
Emerson (NYSE: EMR) has joined RE100, a global initiative aiming for 100% renewable electricity, targeting 2030 for full compliance. The company plans to source 25% of its electricity from renewable resources in 2022, leveraging solar, wind, geothermal, and hydropower. Emerson's strategy aims to achieve net zero operations by 2030, with electricity usage accounting for 75% of its Scope 1 and 2 emissions. The engagement with RE100 emphasizes Emerson's commitment to sustainable practices and encourages other businesses to invest in renewable energy.
Aspen Technology, Inc. (NASDAQ: AZPN) has appointed Robert 'Bob' Beauchamp to its Board of Directors, filling the final seat following the recent transaction with Emerson (NYSE: EMR). With over 30 years of experience in industrial technology and M&A, Beauchamp previously served as Chairman and CEO of BMC Software. CEO Antonio Pietri highlighted Beauchamp's leadership credentials as a significant asset for AspenTech's growth and sustainability initiatives. Beauchamp joins the Nominating and Corporate Governance Committee, aiming to leverage AspenTech's expertise in transforming industrial software.
Emerson (NYSE: EMR) is set to release its third-quarter results on August 9, 2022, before market open. This follows the announcement of AspenTech’s financial results on August 8, 2022. An investor conference call will take place on the same day at 9 a.m. ET to discuss the results. Interested parties can access the live call and view presentation materials through Emerson’s investor website, with a replay available for three months thereafter. As a global technology and software company, Emerson focuses on innovative solutions across industrial, commercial, and residential sectors.
Emerson (NYSE: EMR) has partnered with Mitsubishi Power Americas to automate the world’s largest green hydrogen production and storage facility, aiming to optimize renewable energy integration. This facility will use a 220-MW electrolyzer bank to produce up to 100 tons of green hydrogen daily, with storage capacity of 300 GWh in salt caverns. The project aims to enhance renewable energy management, supporting clean electricity generation while reducing costs and improving safety through Emerson’s advanced automation solutions.
Emerson (NYSE: EMR) has announced the acquisition of Fluxa, enhancing its software and technology portfolio in the life sciences sector. This strategic move aims to accelerate the delivery of new therapies, drugs, and vaccines. The acquisition of Fluxa’s PKM™ software, integrated with Emerson’s DeltaV™ control system, is expected to streamline drug development, improving speed and operational integrity. This initiative caters to the growing demand for rapid market introduction of biopharmaceuticals, a need amplified by the COVID-19 pandemic.
Emerson (NYSE: EMR) has partnered with Albioma to convert the Bois Rouge coal-fired power plant on Réunion Island to 100% renewable energy, primarily using biomass wood pellets. This multi-million-dollar project is expected to reduce greenhouse gas emissions by 640,000 tons of CO2 equivalent annually, marking an 84% decrease in direct emissions. The project will utilize Emerson's advanced automation and software technologies, and is projected to be completed within five months, starting in June 2022.
Emerson has partnered with Fintoil and Neste Engineering Solutions to implement automation technology at the world's third-largest crude tall oil biorefinery in Hamina-Kotka, Finland. This facility aims to produce advanced biofuels and biochemical feedstocks, significantly reducing carbon emissions. Emerson's solutions, including the DeltaV control system, are expected to enhance operational efficiency and align with sustainability goals. The project emphasizes reduced energy consumption, aiming for an annual capacity of 200,000 tons, which could lower CO2 emissions by 400,000 tons.
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One Rock Capital Partners has completed the acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc specializes in safety-critical sensors and components for various industries, including HVAC and aerospace. One Rock aims to leverage its strategic resources to enhance Therm-O-Disc's growth and operational success. Scott Spielvogel emphasized the company’s innovation and customer service as key strengths that will drive future expansion. The acquisition reflects One Rock's strategy of investing in growth potential and operational improvements.
Emerson (NYSE: EMR) has secured a five-year framework agreement with Jotun, a leading paint manufacturer, to enhance automation across its manufacturing facilities. This partnership aims to implement Emerson’s digital technologies, significantly boosting throughput, product quality, and operational efficiency while reducing costs. The collaboration includes the deployment of the DeltaV™ distributed control system and various automation solutions, which will be pivotal for Jotun’s new projects and existing upgrades globally.