ABB has launched a strategic partnership with AFC Energy, a provider of hydrogen power generation technology, to create the next generation of high-power sustainable electric vehicle (EV) charging solutions for grid-constrained locations. Utilizing ABB’s energy storage solution and DC EV fast chargers, along with AFC Energy’s zero-emission, high-efficiency hydrogen fuel cell, the strategic collaboration will […]
ABB completes divestment of Power Grids to Hitachi
Hitachi ABB Power Grids joint venture starts operations ABB’s portfolio focused on industrial customers Net cash proceeds to be returned to shareholders as planned ABB today reached a significant milestone in the company’s transformation towards a decentralized global technology company, with the completion of the divestment of 80.1 percent of its Power Grids business to […]
ABB to buy back up to 10 per cent of shares after Power Grids sale
ABB received an estimated $7.6-$7.8 billion from the sale of an 80.1 per cent stake in Power Grids, which it completed as planned by the end of June ZURICH: ABB plans to buy back up to 10 per cent of its stock, currently worth more than $4 billion, after completing the sale of its Power […]
ABB India Q1 profit drops to Rs 66 crore on COVID-19 impact
The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business Bengaluru: ABB India has posted a profit after tax of Rs 66 crore during the […]
ABB completed acquisition of Chinese EV charging provider Chargedot
ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. (“Chargedot”). The transaction was announced on October 28, 2019. Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to the uptake of electric vehicles in China. The company supplies AC and DC charging stations, as […]
ABB and Porsche team up to drive forward e-mobility
ABB, an industrial technology leader, and the automobile manufacturer Porsche are proudly announcing a new and exclusive partnership to jointly promote e-mobility. As part of a multi-level agreement, ABB is becoming an official partner of the TAG Heuer Porsche Formula E Team, with immediate effect. Porsche Motorsport is in its inaugural year of racing in […]
ABB and Qbuzz power progress in Dutch e-mobility adoption
As the Netherlands aims to deliver a 95 percent reduction in emissions by 2050, ABB has been appointed to provide more than 100 connected high-power and fast chargers for the Qbuzz fleet of 99 fully electric buses. The Netherland’s commitment that all new buses will be emission free by 2025 is one step closer […]
Ashok Leyland, ABB arm ink pact to develop electric buses with flash- charging tech
ABB’s flash-charge technology, Tosa, can top up the battery in just seconds Truck and bus maker Ashok Leyland and ABB Power Products and Systems India Ltd have signed an agreement for development former’s new electric buses using latter’s fastest flash-charging technology to advance urban mobility while cutting down carbon emissions. The pact is to develop […]
Porsche Japan and ABB showcase future for Japanese e-mobility
ABB supports Porsche Taycan launch event in Shibuya, Tokyo with dedicated high-power demonstration charger for Porsche’s latest electric vehicle From 20 November to 7 December, Porsche Japan will host a dedicated launch event for the Taycan in Shibuya, Tokyo. As part of ABB’s agreement with Porsche Japan to supply its electric vehicle charging infrastructure at […]
ABB uses AI to revolutionize energy management
ABB and Verdigris Technologies have developed machine-learning algorithms to predict unplanned peaks in power consumption – and identify strategies to prevent them ABB is deploying artificial intelligence (AI) to help commercial and industrial buildings revolutionize their energy management and tackle rising electricity peak tariffs. The company has added two new AI-powered applications to the ABB […]
