IDEX Corporation announced today the acquisition of the intellectual property assets of Phantom Controls. Located in St. Louis, MO, Phantom Controls will operate within the IDEX Fire & Safety/Diversified segment.
The deal combines the water-flow expertise of leading brands Hale Products, Akron Brass and Class 1 Electronics and the operational capabilities and innovative pump operation of Phantom’s system called S.A.M. (Scene Apparatus Manager). The S.A.M. technology improves fire ground safety and reduces operational complexity during mission critical response.
“Our mission is to provide trusted solutions that improve lives,” stated Andy Silvernail, IDEX Chairman and Chief Executive Officer. “This next generation of fire suppression technology builds on our proven control systems and water-flow product portfolio. The acquisition of Phantom Controls is an excellent fit within our fire and safety group creating new opportunities to accelerate our growth strategy.”
Source: Street Insider
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?