Swiss engineering group ABB has signalled that it may retain its power grids division under a new strategy to be unveiled next month — despite calls for a break-up of its businesses from an activist investor, about which Transformers Magazine has earlier reported.
Switzerland, Zurich: Canadian utility Hydro-Québec (HQ) has placed orders with ABB worth over $85 million to upgrade its 800 kV air-insulated switchgear (AIS) substations and transmission grid with new power transformers, shunt reactors and circuit breakers.
Cevian Capital, an activist hedge fund and the second largest shareholder of ABB, continues to push for a split of the engineering giant, according to Swedish media.
ABB is delivering a range of high-efficiency transformer products for the world’s most energy-efficient pulp mill, located in Äänekoski, central Finland.
Switzerland, Zurich: ABB is supplying two new 400 kV substations for the Pen y Cymoedd wind energy project, being developed in south Wales by Vattenfall.
Switzerland: ABB has won orders worth around USD 40 million from Poland’s national transmission system operator (TSO) to provide transformers that will extend and upgrade the transmission grid.
Switzerland, Zurich: ABB presented the results of the second quarter of 2016, highlighting solid progress on profitability.
Switzerland, Zurich: ABB has won an order worth more than $30 million from Norway’s transmission system operator Statnett for two substations that will strengthen grid reliability and boost power supplies in Norway.
Switzerland, Zurich: ABB has completed the upgrade of the Celilo HVDC (high-voltage direct current) converter station in Oregon, part of Pacific Intertie, the first major HVDC link in U.S. transmission history, originally commissioned by ABB in 1970.
As part of leadership succession planning, ABB has appointed Tauno Heinola as Managing Director of ABB in Australia, effective 1 October 2016.
Switzerland, Zurich: ABB has won an order from Singapore Power (SP) PowerAssets for the supply of five shunt reactors to be installed in three SP PowerAssets substations.
Switzerland, Zurich: ABB has been awarded an $11 million contract from the Indonesian state-owned utility Perusahaan Listrik Negara (PLN) to extend existing substations across Indonesia in order to strengthen reliability of its Java-Bali transmission and distribution networks and meet the growing demand for power in Java.
Switzerland, Zurich: ABB and Cavotec have signed a Memorandum of Understanding to jointly offer shore-to-ship power solutions to global ports markets, boosting “green ports”.
Last year ABB CEO Urlich Spiesshofer earned $9.4 million, as his executive salary rose by 20%. Now his and other executive salaries will become a topic of discussion at the next week’s Annual General Meeting.
Switzerland, Zurich: ABB will supply the complete integrated electrical and automation system for an experimental electro mechanic module Mo.S.E. in Venice, Italy, which is a flood barrier system designed to block the high tides and storm surges that enter the Venetian Lagoon.
ABB’s second-biggest shareholder, Swedish investment company Cevian, has hired Boston Consulting Group to study a potential break-up of the Swiss engineering group, turning up the pressure for a revamp of the company, reports Manager Magazin.
Switzerland, Zurich: ABB has been selected to participate in the FITNESS (“Future Intelligent Transmission NEtworkSubStation”) project of SP Energy Networks, a UK-based electricity transmission and distribution network operator, to provide a digital substation scheme to protect, monitor and control the transmission network in parts of Scotland.
Poland, Lodz: ABB will expand the capacity and scope of its transformer production facilities in Lodz, Poland in 2016.
Switzerland, Zurich: ABB has received an order worth around $140 million from transmission system operators Energinet.dk in Denmark and 50Hertz Transmission in Germany to design, supply and install an HVDC (high voltage direct current) converter station in Bentwisch, Northern Germany.
Finland: Finland’s first commercial offshore wind farm, the €120-million ($132 million) 40 MW Tahkoluoto project in the Gulf of Bothnia, in the north of the Baltic Sea, west of Finland, will be custom-designed and built to withstand the local icy conditions.
Switzerland, Zurich: ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 MW of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources.
Switzerland, Zurich: ABB has won an order from SP PowerGrid to supply four 66 kV gas-insulated switchgear (GIS) substations for the city-state of Singapore, the manufacturer states in the press release.
Switzerland, Zurich: ABB has commissioned and handed over the LitPol Link, a high-voltage direct current (HVDC) link connecting the power grids of Lithuania and Poland, to the Lithuanian transmission system operator Litgrid.
Switzerland, Zurich: ABB has nominated four new members for election to its Board of Directors, aiming to strengthen its expertise in areas related to the shift in the centre of gravity of the company’s activities.