Technology Company of the Year
ABB has a long history and a rich heritage of technology innovation, with the firm and its forerunners, Asea and BBC, inventing and pioneering many power and automation technologies that dominate the energy industry, and then retaining technology and market leadership in many of these areas. The company has been involved in the development of subsea equipment and systems for three decades and has delivered variable-speed drive systems and transformers to some of the largest and most advanced offshore developments in the world. In a crucial move forward, the firm’s latest innovation takes the vision of an all-electric subsea processing facility one step closer to reality.
Its “Subsea to market” concept is a future vision whereby the entire processing plant—production, separation and storage—is relocated to the sea bed. If realised, this vision would move platform workers to shore-based control rooms, taking away physical risk, reducing operational and energy costs, cutting marine pollution and simplifying decommissioning.
As opposed to the present-day use of individual cables to carry power separately to subsea consumers, a Subsea power distribution substation will enable up to 100 MW from shore to be transmitted up to 600 km, to power equipment at depths of up to 3,000m. By 2019, the target is to have developed subsea power distribution such that all power system components, including the transformer, switchgear and medium voltage drive, are located subsea. The power is then distributed to multiple applications such as pumps, compressors and boosters.