ABB-GROUP

ABB and Aibel today announced a strategic partnership to deliver state-of-the-art offshore wind integration solutions. ABB will focus on its proven high voltage direct current (HVDC) technology, while Aibel will take turnkey Engineering, Procurement and Construction (EPC) responsibility for the design, construction, installation and commissioning of the offshore platforms. The partnership will combine the core competencies of the two companies to deliver best-in-class solutions. The partners will collaborate on the design, engineering and optimization of offshore wind connections.

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“We are proud to partner with Aibel to tap the vast opportunities of the ongoing Energy Revolution and related offshore wind infrastructure investments. Together, we intend to grow our businesses by complementing each other’s strengths in unique customer services for offshore wind projects,” said ABB CEO Ulrich Spiesshofer. “Strategic partnerships like this are a core pillar of our Next Level strategy and help us to drive growth while mitigating risk.”

The integration of power generated by offshore wind farms into national electrical grids requires complex engineering. A key part is the conversion of power from alternating current (AC) to direct current (DC) for low-loss transmission, often over long distances, to connect remote offshore wind farms to the mainland grid. This DC power is subsequently converted back to AC once on land and then distributed for consumption. The HVDC system incorporates sophisticated technology to ensure the optimum integration of intermittent renewables and control of power flows. The offshore part of the HVDC system is housed on a specially designed platform.

“We are very pleased to sign this cooperation agreement with ABB. Both ABB and Aibel have a proven track record of providing leading-edge solutions in their respective areas of expertise. We have successfully worked together before and I am convinced that with our combined strengths we will be a leading force to reckon with,” said Jan Skogseth, President and CEO of Aibel.

HVDC remains the technology of choice for transmitting large amounts of power, over long distances, efficiently and reliably and is ideal for the integration of remote renewable energy sources like offshore wind. ABB pioneered the technology more than 60 years ago and further developed the technology in the 1990s by introducing a voltage sourced converter (VSC) solution named HVDC Light. ABB is a market leader in HVDC, with an installed capacity of more than 120,000 megawatts – around half the global installed base. This includes 18 of the 24 VSC HVDC projects commissioned worldwide.

“Offshore wind power transmission projects are inherently complex in nature, deploying cutting-edge technologies, and ABB has gained significant experience in this area. This partnership with Aibel will help us to leverage the specialized competencies of both companies and enhance our overall value proposition for customers,” said Claudio Facchin, President of Power Grids. “It reinforces our Next Level strategy to focus on our core technology strengths like HVDC and build new business models, as we pursue profitable growth opportunities.” /2

About ABB

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids serving customers in utilities, industry and transport & infrastructure globally. For more than four decades, ABB is writing the future of industrial digitalization. With more than 70 million devices connected through its installed base of more than 70,000 control systems across all customer segments, ABB is ideally positioned to benefit from the Energy and Fourth Industrial Revolution. With a heritage of more than 130 years, ABB operates in more than 100 countries with about 135,000 employees. www.abb.com

About Aibel

Aibel AS employs around 5,000 people and is engaged in the oil, gas and renewable energy sectors, providing engineering, construction, upgrading and maintenance solutions. The company has two construction yards: one in Haugesund, Norway, and the other in Thailand. The Haugesund yard was set up over 100 years ago and is today one of the largest such yards in Norway.

Important notice about forward-looking information

This press release includes forward-looking information and statements. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “plans,” “is likely”, “intends” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

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Contact:

ABB
Media Relations
Saswato Das,
Antonio Ligi, Domenico
Truncellito, Sandra Wiesner
+41 43 317 65 68
media.relations@ch.abb.com
or
Aibel
Communications
Bjørg Sandal, +47 48868726

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