INNIO: One year into a bolder future
In November of last year, Austrian energy and engineering firm INNIO completed its carve out from General Electric, acquiring the company’s distributed business. As a result, INNIO now owns the Jenbacher and Waukesha gas engine product lines, the digital platform and related services offerings, with main operating sites in Austria, Canada and the United States.
“This is an exciting time to emerge as a stand-alone energy company. With the continued growth of renewables across the globe and the increased emphasis on energy efficiency, INNIO is well-positioned to be a key enabler and integral part of the energy transformation,” said Carlos Lange, president and CEO of INNIO at the time.
Now, as INNIO approaches its first birthday, Gigabit takes a look at the progress and ongoing strategy of one of the world’s youngest energy companies.
The meaning of INNIO
INNIO chose its new name by looking at three things: heritage, product and context. “We call upon our rich legacy in the power and gas compression space and combine it with pioneering technology to bring our customers affordable, reliable and sustainable solutions for the future.”
INNIO stands for innovation, inspiration, ignition and more.
Two beating hearts
At the core of INNIO’s operations are two gas engine brands with a history stretching back for more than 80 years. Jenbacher gas engines come in a power range reaching from 200 KW to 10 MW and can run on natural gas or a number of substitutes. More than 48,000 Jenbacher gas engines have been delivered in 100-plus countries since the brand’s launch. INNIO sells Jenbacher Types 2, 3, 4 and 6, as well as the J920 Flextra and J624 models.
Of equal importance are the Waukesha gas engines. Famously hardy and capable of operating in high stress, isolated conditions while delivering mission critical power. “Waukesha engines meet emissions compliance levels in diverse applications around the globe. And, by offering both rich -and lean-burn Waukesha reciprocating engine designs, we can help you make smart choices,” according to INNIO.
In addition to the engines themselves, INNIO offers digital solutions, maintenance, training and support services to its customers.
“The fuel-flexible Jenbacher gas engines can deliver reliable performance with efficiencies of more than 90% with special gases,” said Lange. “INNIO supports customers with tailor-made solutions and takes into account all major parameters—ranging from special gas requirements, specific emission standards and the electrical and thermal efficiency rates required to the individual economic criteria.”
INNIO is continuing to position itself to play a defining role in an energy industry being reshaped by environmental concerns and an increasingly digital landscape.
“We are already using regenerative fuels such as hydrogen in our Jenbacher gas engines. In cooperation with the LEC, we are further developing this technology and plan to demonstrate by 2021 that a Jenbacher gas engine can run on up to 100% hydrogen or methanol,” said Lange at a recent INNIO technology forum. “INNIO will continue to make significant investments in research and development and will further expand its technological leadership in power generation based on regenerative gases. In specific, hydrogen and hydrogen carrier gases produced from surplus energy such as wind or solar power, which are storable for a longer period of time.”
Ivanti Acquires RiskSense to Combat Cyber Attacks
Ivanti, an IT asset and service management software solutions provider, has acquired RiskSense, a company that works in risk-based vulnerability management and prioritisation, to drive the next evolution of patch management.
This combination of the two companies will enable organisations to ‘shrink their attack surface, prioritise vulnerabilities to remediate, and reduce their exposure to cyber threats and ransomware attacks by taking a proactive, risk-based approach to patch management’. The terms of the RiskSense transaction were not disclosed.
“Over the past two years, cyberattacks such as ransomware have crossed the line from being a nuisance to truly disrupting society,” said Srinivas Mukkamala, CEO of RiskSense. “And unpatched vulnerabilities remain one of the common points of infiltration into organisations’ ecosystems. I’m committed to the global fight against ransomware. And I truly believe that the combination of risk-based vulnerability prioritisation and automated patch intelligence can help organisations reduce their exposure and make a major impact in global cyberspace. Together, RiskSense and Ivanti will help customers drive operational efficiencies and defend against the next wave of sophisticated cyber threats, including ransomware attacks.”
Providing IT teams with the tools to tackle cyber issues
Solutions from the combined companies are expected to reduce the meantime to detect, discover, remediate, and respond to cyber threats, particularly critical vulnerabilities linked to or associated with ransomware. Together, Ivanti and RiskSense will provide security and IT teams with context and adaptive intelligence regarding what their organisation’s exposures are to vulnerabilities that are being actively exploited, including whether those vulnerabilities are tied to ransomware, and then enable them to quickly remediate those threats.
Ivanti has already integrated the RiskSense Vulnerability Intelligence and Vulnerability Risk Rating, which prioritises and quantifies adversarial risk based on factors such as threat intelligence, in-the-wild exploit trends, and security analyst validation, into Ivanti Neurons for Patch Intelligence.
“This combination will allow us to provide our customers with a holistic view of vulnerabilities and exposures, and then enable them to take fast action through Ivanti Neurons for Patch Intelligence. Customers will be able to greatly reduce their attack surface and risk of breach because of the vulnerability intelligence and the resulting remediation prioritisation based on actively trending exploits and ransomware attacks,” said Jim Schaper, Ivanti Chairman and CEO.