Hitachi in talks with ABB for power grid unit sale
Switzerland's ABB is in talks with multiple interested companies including Hitachi, Mitsubishi Electric Corp, and State Grid of China for the sale of its power grid units.
The Swiss engineering group disclosed that the full or partial sale of the division would represent a total investment of about US$10 billion.
The company unit is focused on building transformers, long distance electricity-transmission systems and energy storage units. It logged revenue of roughly US$10 billion in 2017, accounting for about 30% of ABB's annual total.
Country updates
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July 02, 2018
SUSI Energy Storage Fund hits €252 million final close
The SUSI Energy Storage Fund (SESF) has reached the final closure having received capital commitments of €252 million (US$292,62 million) from institutional investors in Germany, t...
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Japanese group NEC announced it is supplying an energy storage system for the development of the project
Japanese group NEC announced it is supplying an energy storage system for the development of the project. The company also noted this would be the largest energy storage project in Switzerland
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April 05, 2017
SUSI Energy Storage Fund reaches first closing
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EWZ and Fontavis acquire 25% stake in Trianel Borkum II
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Azienda Elettrica Ticinese (AET) has filled a planning application for the project, which is owned by AET (70%), Servizi Industriali di Ginevra (25%) and the Airolo municipality (5%)
