Supporting energy customers to operate more cleanly and efficiently
Our engineering expertise protects people and assets in extreme temperatures and pressure environments. We help energy customers operate more cleanly and efficiently, enhancing plant performance and reducing Greenhouse Gas emissions, and we are exploring new decarbonisation technologies to support the energy transition.
Our sector
– Around 400 expert engineers and 200 field service technicians, with the industry knowledge and market insight to solve our customers’ toughest problems
– Global customer base, including the world’s leading players in the energy and process sectors
– Installed base of over 180,000 severe service valves, supporting critical industrial plants and processes worldwide
– Leading market positions in supplying flow control solutions in critical applications, including LNG production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries
Market trends and our response
The energy markets face a significant structural challenge as they transition. The energy ‘trilemma’ of security, affordability and sustainability has led to increasing investment in energy infrastructure, including LNG, nuclear power, natural gas and combined-cycle gas power segments. Renewable and alternative energy technologies, such as wind, solar, bioenergy and hydrogen, will scale rapidly.
Hydrogen and other low-emission alternative fuels are expected to make a significant contribution to energy supply by 2050.
At present, renewables and alternative fuels cannot yet be deployed fast enough to keep up with energy demands, so the reliance on oil and gas remains. We help our customers to optimise their processes, enhance their plant performance and enable them to extract oil and gas safely. We are also evolving our portfolio to support the energy transition, and are developing businesses in hydrogen, carbon capture, bioenergy and sustainable fuel markets.
We are investigating opportunities such as innovative green hydrogen systems that improve production yields.
Digitalisation will radically change how we create value for our customers and how we operate. By monitoring and analysing better quality data, and investing in diagnostic solutions and AI, we can leverage technology to get a deeper insight into our activities and accelerate our growth. For example, by improving the quality of the data on our assets in the field, we can assess how to better support our customers with coverage and potential upgrade solutions. We are digitalising our expertise and combining this with customers’ asset data to help them diagnose problems before they occur and offering preventative solutions. We are also investing in digital tools to speed up our customer response and lead times.
Creating value with IMI Insyt’s end-to-end digital service
IMI Insyt, our advanced data-driven solution for predictive plant maintenance, gained momentum in 2023 – scaling up and going global. Paired with our Valve Doctors’ expertise, the preventative diagnostic software spots system problems, like cracks and leaks, before they occur. We enable safer, more reliable industrial processes, thereby helping customers avoid costly unplanned shutdowns or catastrophic accidents. In the USA, a market-leading electricity provider using IMI Insyt at a combined-cycle site extended it to two further facilities. We also expanded into Europe, including close partnership with a waste-to -energy recycling plant – our first UK customer – to solve severe water hammer issues. With more plant operators recognising the value of a sustainable, cost effective and proactive solution to protect their people and assets, we can support a safer tomorrow.
