Since the invention of electricity, ABB has played a critical role in shaping the modern world.
Since the invention of electricity, ABB has played a critical role in shaping the modern world. From the first company to transmit high voltage power in 1891 to more recently solving a 100 year old puzzle to speed up the deployment of renewable energy on a large scale, ABB has the potential to change the way we as consumers use electricity - forever.
ABB is a global leader in renewable energy, efficiency and clean power and automation technologies. ABB's solutions help utilities and industries around the world to improve operating performance while saving energy and lowering environmental impact.
Based in Zurich, Switzerland, ABB employees 150,000 people across 100 countries with a history spanning 120 years of pioneering technologies to serve the world’s energy needs in a more sustainable way. ABB generated 55% of its total $40 billion revenues in 2012 from products and solutions helping customers to reduce energy consumption, environmental impact & emissions and in renewable energy segments.
ABB technologies are used along the entire energy value chain – from extraction of resources and its transformation into electricity, liquefied natural gas or refined petroleum products to their efficient use in utilities, industry, transportation and buildings. ABB helps customers squeeze the most value from each unit of energy they generate, transmit, distribute or use.
ABB’s portfolio ranges from water meters to robots, and from ultrahigh-voltage direct current transformers to control systems that manage entire power networks, factories, homes and hotels.
ABB’s success has been driven particularly by a strong focus on research and development. The company maintains seven corporate research centers around the world and has continued to invest in R&D through all market conditions.
The result has been a long track record of innovation. Many of the technologies that underlie our modern society, from high-voltage DC power transmission to a revolutionary approach to electric vehicle charging, were developed or commercialized by ABB. Today, ABB stands as the largest supplier of industrial motors and drives, the largest provider of generators to the wind industry, and the largest supplier of power grids worldwide.
ABB is shaping the electric grid of the future as the world market leader in high-voltage direct current (HVDC) technology to transmit electricity over large distances with minimum losses, enabling the integration of renewable energy into a smarter grid. ABB has more than 50% market share, commissioning over half of all HVDC projects worldwide.
Some of the world’s biggest cities – New York, Los Angeles, Sao Paulo, Shanghai, Guangzhou, Delhi and Johannesburg – receive huge volumes of electricity, transmitted thousands of kilometers with minimal losses and environmental impact, thanks to ABB’s HVDC technology.
Leading the way in the renewable energy sectors, ABB has supplied to more than 70 large solar photovoltaic (PV) plants worldwide, with 700 megawatts (MW) total installed capacity. With the acquisition of Power-One in 2013, ABB emerges as the second largest solar inverter manufacturer with a 10% global market share. ABB has supplied solutions to more than 300 hydropower plants, including the world’s largest projects.
Continuous technology leadership in renewable energy, efficiency and reduced environmental impact allows ABB to gain and strengthen global market share in key growth segments. During the past three years ABB has continuously grown revenues from its sustainability portfolio.
ABB pioneered flexible alternating current transmission systems (FACTS) to enhance the capacity of power delivery networks. This allows more power to reach consumers with higher system efficiency and reduced environmental impact. To date, ABB has delivered more than 800 such installations, more than 50% of the world’s total.
With almost 40 years of experience, ABB has actively participated in the largest wind projects around the world. More than 50% of all installed offshore wind turbines are equipped with ABB generators. The company’s components are harnessing wind power in more than 40,000 turbines worldwide.
Alone the total installed base of ABB’s energy efficient drives saved 355 TWh in 2012, equivalent to the yearly consumption of more than 85 million European households. If generated by fossil-fuel powered plants, this compares to 300 million tons of CO2 savings, corresponding with the yearly emissions of 75 million cars, or the emissions of Norway, Hungary, Denmark, Greece, Finland and Austria in 2010 combined (IEA statistics).
In 2013, ABB made a breakthrough discovery that overcame a 100-year-old barrier to the development of inter-regional connected DC transmission supergrids, enabling load balancing between efficient HVDC superhighways to integrate renewables and transmitting bulk electricity across long distances with minimal losses.
ABB’s innovation of the world’s first HVDC circuit breaker makes this now possible. This breakthrough has been recognized by the Massachusetts Institute of Technology (MIT) Technology Review, placing it among the ten most important technology milestones of 2013.
ABB will continue to develop key areas such as solar, smart and micro grids, sustainable mobility and energy efficiency. ABB will lead in grid expansion through its disruptive technologies in high-efficiency power transmission and will leverage core technologies for new products, such as premium-efficiency motors and drives for industrial applications.