#ABB

Dubai: Dubai Investments Park (DIP) has signed a $23 M (AED86 M) contract with ABB Industries to commission a new 132/11 kV DEWA substation at DIP.

Switzerland: ABB’s Chief Executive Officer Ulrich Spiesshofer abruptly stepped down after nearly six years of leading the Swiss engineering company.

The switchgear monitoring system market is projected to reach $2 B by 2023 from an estimated $1.4 B in 2018, at a CAGR of 7.83%.

Generator Circuit Breaker market is valued at $270 million in 2018 and is expected to reach $300 million by the end of 2025, growing at a CAGR of 1.4%.

ABB is divesting its Power Grids business to Japan’s Hitachi, which will expand existing partnership between the two companies and provide Power Grids with enhanced access to markets and financing, the company said in a press release.

Switzerland: ABB’s 20,000th TrafoStar transformer was delivered to Scottish Power, a subsidiary of Iberdrola and will be installed at an off-shore wind project in East Anglia.

Egypt: Egypt’s largest original equipment manufacturer of medium-voltage equipment, EGEMAC, requested ABB to supply several thousand medium-voltage air insulated indoor switch-disconnectors type NAL/NALF to improve network performance and reduce energy waste.

Sweden: ABB is investing over $30 million in a new manufacturing unit for transformer components in Ludvika, Sweden.

Switzerland, Zurich: ABB will supply the complete electric power and propulsion package for the Virgin Voyages’ new cruise ship due for delivery in 2020, which will be the first of a fleet of three innovative ships designed and built with environmental responsibility in mind.

Kenya Power has commissioned a $128M gas-insulated substation (GIS) in Nairobi, a modernized indoor 220 kV substation that will replace the 50-year-old facility at Juja Road, boosting power transformer capacity by more than 50 percent.

ABB has unveiled a new power transformer at the 2018 Hanover Fair, which, according to the company, will be the world’s first integrated solution for digitally enabled power transformers.

Switzerland: ABB will supply an 800 MVA phase-shifting transformer to the Swiss transmission system operator, Swissgrid, for the Mühleberg substation located in the central part of the country.

ABB has won an order worth more than $40 million to upgrade and expand the Muara Tawar combined cycle power plant in West Java, Indonesia.

ABB has won a $30 million order from ScottishPower Renewables to supply two STATCOMs that will smooth out the voltage fluctuations that are an inherent feature of intermittent wind energy.

ABB has won a $20 million contract from Network Rail to provide a trackside power electronics solution for new high-speed electric trains.

ABB has successfully tested a new solution to replace petroleum-based mineral oil insulating medium with environmentally friendly natural ester fluid in the world’s largest sealed 200 MVA, 420 kV single-phase transformer.

Marocco: In cooperation with Energie Eolienne du Maroc, ABB will be supplying a $16 million hybrid substation for a wind farm developed by Nareva in Morocco.

Switzerland, Zurich: ABB has won orders from three major US utilities for its new solution to deliver hardened and bullet resistant transformers, and facilitate the protection of critical grid assets.

ABB has won an order from Alstom to supply 1600 traction transformers for 800 new electric freight locomotives in India, which will expand Indian Railways’ capacity.

Switzerland, Zurich: ABB announced that Timo Ihamuotila has been named Chief Financial Officer and member of the Executive Committee, effective April 1, 2017.

Switzerland, Zurich: ABB said the company’s third-quarter orders declined 14 percent due to the hesitation of customers although the cost-saving programs helped improve the Swiss power transformer maker’s profit margin, according to the official press release.

Australia, Perth: About 80 workers will lose their jobs at the ABB’s Malaga factory in Perth, which this time last year celebrated 60 years of transformer manufacturing in Western Australia.

Switzerland, Zurich: As ABB decides to keep its Power Grid business, within its Next Level strategy revealed on 4 October the company has also announced two new strategic partnerships for the execution of transmission and distribution projects.

While Swedish media recently reported on the activist shareholder Cevian wanting to break up ABB’s Power Grids business and sell it in parts to strategic buyers, in today’s (4 October) update of strategic review, ABB leadership has revealed it will continue the transformation of Power Grids under ABB ownership.