8/17/2023 0 Comments Abb power grids finance ltdHe also said that intelligent solutions for a more dynamic grid will contribute to achieving the UN’s Sustainable Development Goal 7 of “affordable, reliable and clean energy,” according to the press release. Intelligent grid solutions will “help achieve the UN’s clean energy goal”Īccording to Toshikazu Nishino, the joint venture’s board chairman, Hitachi’s “leading digital technologies merged with world-class power grid solutions” will help the new company to play an active role in the global transformation and decarbonization of energy systems for a sustainable energy future. After obtaining two master’s degrees at the Sorbonne University, Dusper Sušić began her professional career in the corporate finance sector in France, where, among other activities, she founded and invested in renewable energy funds, according to the press release.Ĭlaudio Facchin, CEO of Hitachi ABB Power Grids, said the company will remain committed to powering a sustainable energy future, “as the partner of choice for enabling a stronger, smarter and greener grid.” Hitachi ABB’s Balkan Cluster will be headed by Nina Dusper Sušić, the former head of protection and control system and financial controller. Hitachi ABB’s Balkan Cluster will be headed by Nina Dusper Sušić The combined entity, which will be headquartered in Zurich, Switzerland, has annual revenues of about USD 10 billion and employs 36,000 people in 90 countries, according to a press release. ![]() have announced the completion of all required procedures and the formation of Hitachi ABB Power Grids Ltd., in which Hitachi will have an 80.1% stake. The company’s top officials have also said that “world-class power grid solutions” will help it play an active role in the global decarbonization of energy systems. “We remain committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid.The newly-formed joint venture Hitachi ABB Power Grids has said it will operate in the region under the Balkan Cluster that covers seven countries – Albania, Bosnia and Herzegovina, Croatia, Kosovo*, Montenegro, North Macedonia, and Serbia. “Combining our respective technology strengths will bring us new market opportunities and enable us to deliver greater customer value,” said Claudio Facchin, CEO, Hitachi ABB Power Grids. “Hitachi brings long-term commitment to the new entity and strengthens the existing business partnership between our companies,” he added. “Synergies and access to new and growing markets provided by Hitachi will help take Power Grids to the next stage of its development, further strengthening its leading position,” said Timo Ihamuotila, CFO of ABB and Director of the Board of Hitachi ABB Power Grids. The alliance with Hitachi will facilitate expansion opportunities for the new entity in areas such as mobility, smart cities, industry, energy storage and data centers, besides providing financial muscle to support ambitious projects and enabling access to Japan, the third largest economy in the world. The joint venture brings together two highly respected companies to create a new global power leader. Intelligent solutions for a more dynamic grid will also contribute to the UN’s Sustainable Development Goal 7 of ‘affordable, reliable and clean energy’,” said Toshikazu Nishino. ![]() “Hitachi’s leading digital technologies merged with world-class power grid solutions will help us to play an active role in the global transformation and decarbonization of energy systems for a sustainable energy future. The new entity is headquartered in Zurich, Switzerland, and the current management team will ensure business continuity. Toshikazu Nishino, Executive Vice President of Hitachi, is the Chairman of the new entity and Claudio Facchin the CEO. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD2) and ABB holds the balance. and ABB Ltd today announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Each share carries one vote in ABB Ltd's annual general shareholders' meeting. In accordance with the agreement signed on December 17, 20181, Hitachi Ltd. ABB Ltd is listed on the SIX Swiss Exchange in Zurich, the NASDAQ OMX in Stockholm and the NYSE in New York.
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