SKF and Wolong cooperate to increase competitiveness in electric drive products
Gothenburg, 17 May 2023: SKF and Wolong Group, the Chinese global manufacturer of motor and drive solutions, have signed a memorandum of understanding to explore the possibilities of entering a strategic cooperation focused on the promotion and application of magnetic bearing technology. By bringing more competitive electric drive products within high-speed drive control to the market, the companies strive to reduce costs and increase efficiency for customers as well as to ensure a sustainable development of the industry.
Promoted by the application of magnetic bearing technology, high-speed drive products can increase the efficiency of high-speed direct drive systems by 30-50% compared to traditional drive control systems. Magnetic bearings are also free of lubrication, easy to maintain, with high reliability, which further improves the system efficiency and greatly reduces the life cycle cost of equipment.
Driven by China’s dual carbon goal and to pursue a more sustainable development, magnetic levitation high-speed motors have become increasingly favored for rotating equipment. With low mechanical wear, low energy consumption, low noise, and long service life, magnetic levitation high-speed motors are particularly suitable for special environments such as high-speed, vacuum, and ultra clean environments. These motors are for example used in petroleum, chemical engineering, steel, coal, cement, transportation, automotive, textile, and the power energy industry.
Thomas Fröst, President, Independent and Emerging Businesses, at SKF, says: "The high-speed magnetic levitation motor market has broad development opportunities. By exploring a cooperation with Wolong Group, we will be able to provide customers with more competitive products and services, while further expanding the application of magnetic levitation high-speed drive control products."
Douglas Pang, Chairman of Wolong Electric Group, says: "We attach great importance to our cooperation with SKF. Our cooperation in the high-speed magnetic levitation project can complement each other's advantages, significantly improve energy efficiency, and reduce carbon emissions. Our ambition is to provide the market with new magnetic levitation high-speed motors while contributing to a sustainable development.”
Aktiebolaget SKF
(publ)
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SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2022 were SEK 96,933 million and the number of employees was 42,641. www.skf.com
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