Group press release 2023-02-02 ABB nominates new member to Board of Directors Following a detailed selection process, ABB’s Board of Directors has nominated Denise C. Johnson, group president of Caterpillar Inc, as a new member for election at the company’s upcoming Annual General Meeting (AGM) in Zurich on March 23, 2023. At the same time, current member Satish Pai will step down from the Board. “It has been a privilege and a pleasure to serve on the Board of ABB for the
Group press release 2023-02-01 ABB E-mobility raises additional CHF325 million from four investors in second and final round of pre-IPO private placement ABB E-mobility, a global leader in electric vehicle (EV) charging solutions, today announced that it has signed an agreement with four minority investors to raise an additional CHF325 million in funds, in exchange for a total shareholding of approximately 12 percent in the company. This transaction represents the second and final part of ABB E-mobility’s pre-IPO private placement of newly issued
Press release 2023-01-30 ABB E-mobility delivers millionth EV charger ABB E-mobility has announced the delivery of its one millionth electric vehicle charger, the latest milestone in the company’s ongoing mission to enable an emission-free future through smart and reliable EV charging solutions. With a presence in more than 85 markets, the launch of ABB E-mobility’s new $30 million, 16,000m2 production facility in Valdarno, Italy in 2022, completed a doubling of the
Press release 2023-01-26 ABB recognized as one of Canada's Best Employers for 2023 by Forbes magazine Forbes magazine has released its annual ranking of Canada's best employers for 2023 and for the eighth year, ABB is among the most recognized employers in the country. The ranking was based on a survey of more than 12,000 Canadians employed by companies and institutions with a minimum of 500 employees. Participants were asked to respond to a multitude of questions, including a rating for their
Group press release 2023-01-10 ABB technology to facilitate energy efficiency savings in Formula E ABB will this year integrate its innovative ABB Ability™ OPTIMAX® energy management software solution into the ABB FIA Formula E World Championship, helping to maximize the energy efficiency of the racing series’ at-track operations. Season 9 of the all-electric racing series, of which ABB is official charging partner, begins this weekend in Mexico City, where ABB Ability™ OPTIMAX® will be used in
Canadian press release 2023-01-03 New ABB E-mobility home charging solution helps drivers realize their sustainable mobility goals ABB E-mobility has today unveiled its new Terra Home charging solution at CES 2023, the world’s most influential tech event in Las Vegas. Set to go on sale by 2024, the Terra Home ushers in the next generation of consumer choice for residential EV charging. The innovative design will enable users to make the best possible use of their renewable energy sources to further reduce their carbon
Group press release 2022-12-28 ABB completes sale of remaining stake in Hitachi Energy to Hitachi ABB has completed the previously announced divestment to Hitachi, Ltd. (Hitachi) of its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between the parties in December 2018. Through the divestment, ABB has realized a
Global product launch 2022-12-13 ABB launches Sensi+™ – revolutionary analyzer for natural gas quality monitoring • Single device for continuous, simultaneous measurements of H2S, H2O and CO2 contaminants in natural gas streams for custody transfer*, tariff compliance, and process monitoring • ABB’s proven laser-based technology virtually eliminates false readings and provides rapid response for reliable process control • Designed for remote and hazardous locations, Sensi+ offers superior performance
Press release 2022-12-06 ABB provides power management system for BHP’s Jansen Potash Project in Canada ABB has been selected by BHP to deliver a power management system for the Jansen Potash Project in Canada, which will provide nutrient-rich potash fertilizer to enable more sustainable farming globally. The global resource company is progressing the US $5.7 billion Jansen Stage 1 Potash Project which is expected to achieve first production in late 2026. The order includes ABB Ability™ System
Group press release 2022-11-29 Energy efficiency is the best way for industry to cut costs and reduce emissions right now With businesses around the world facing unprecedented pressure from the cost of energy and the urgency of climate change, a new report from the Energy Efficiency Movement shows that improving industrial energy efficiency is the fastest and most effective way for a business to cut energy costs and greenhouse gas emissions. The Energy Efficiency Movement is a global forum of around 200 organizations