08 August 2014 | Posted by Zachary
There are many large corporations that are now heavily invested in (and profiting from) certain cleantech sectors. Of course, there are also thousands of companies whose entire business is centered around one or more cleantech sectors. However, there is one corporation that really stands out to me as being a giant corporation that is almost fully focused on moving the world forward through cleantech solutions. That corporation is the 2014 winner of the Zayed Future Energy Prize in the “Large Corporation” category, ABB*.
ABB is a power and automation company that is also one of the 100 largest European companies in terms of revenue. However, unlike every other company on that list and such lists for other continents, ABB is focused on cleantech solutions.
Energy efficiency, solar energy, wind energy, smart grids, electric vehicle charging, high-speed rail products -- the markets ABB supplies are clean, clean, and clean.
Because ABB doesn’t supply products for common consumers, but mostly for industry, it isn’t on the radar of many people outside of its specific industries. However, if you work in any type of cleantech industry, you’re probably well aware of this Swiss giant. It’s based in Zurich, but it employs approximately 150,000 people in approximately 100 countries. While the current form of its company has been in place since 1988, its history goes back approximately 120 years.
While interviewing ABB CEO Ulrich Spiesshofer following the 2014 Zayed Future Energy Prize Awards Ceremony, one of my colleagues asked Mr Spiesshofer if ABB was in any fossil fuel industries. Mr Spiesshofer noted that ABB had gotten out of those sectors years ago. (See if you can find another large corporation in the energy sector that can say the same.)
ABB's leadership is really to be commended, and replicated! It's no wonder the corporation won the 2014 Zayed Future Energy Prize in the Large Corporation category.
Image Credits: ABB
*Full Disclosure: I occasionally write articles for ABB-Conversations.com