Search results for: Power Systems Division

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  • 22 January 2014

    ABB said its fourth-quarter 2013 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (PS) division. Additional restructuring-related charges were taken in response to the division’s soft order intake in 2013. The company also booked non-operational charges related to certain Group legacy issues. “While the […]

  • 13 February 2014
    Business & Finance

    ABB today reported record full-year revenues and higher operational EBITDA, net income and free cash flow despite a challenging market environment. The Board of Directors has proposed to increase the dividend for 2013 to CHF 0.70 per share. “These solid results, delivered in a mixed business climate and despite the setback in Power Systems, show […]

  • 12 February 2015
    Business & Finance

    German engineering company, Bilfinger, is selling its offshore wind and marine units. The company made the announcement as part of its 2014 financial year report where they stated the “business no longer complies with Bilfinger’s risk profile.” Nevertheless, the company predicts these businesses to generate revenue of EUR 140 million in 2015. According to the […]

  • 29 April 2014
    Business & Finance, Storage

    ABB has launched a “step change” program in its Power Systems division to thoroughly transform the business that faced a loss in the first quarter of 2014, the company said today as it released Q1 results. ABB’s operational EBITDA in Q1 is 13% down, compared to the same period of last year, mainly due to […]

  • 19 March 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    ABB has won orders worth around $900 million from a consortium comprising leading utilities Statnett and TenneT as well as promotional bank KfW to supply on-shore (HVDC) converter stations and the cable system in the German sector that will facilitate the first ever interconnection between the Norwegian and German power grids. The link will be […]

  • 29 April 2014
    Business & Finance, Storage

    ABB has launched a “step change” program in its Power Systems division to thoroughly transform the business that faced a loss in the first quarter of 2014, the company said today as it released Q1 results. ABB’s operational EBITDA in Q1 is 13% down, compared to the same period of last year, mainly due to […]

  • 14 July 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    ABB has won an order worth about $450 million to link the power grids of the United Kingdom and Norway, increasing security of power supply for both countries and supporting the integration of more renewable wind and hydroelectric power into their networks. The order was placed by Statnett, the state-owned network operator in Norway, and […]

  • 10 February 2015
    Equipment, Project & Tenders

    ABB has won an order worth over $100 million from Energinet.dk, the Danish transmission system operator, to build an alternating current (AC) cable system that will enable the integration and transmission of power from the Kriegers Flak offshore wind farm to the mainland grid. As Denmark’s largest offshore wind farm, Kriegers Flak, will help to increase […]

  • 16 February 2011

    ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration projects,” said Martin Gross, head of ABB’s Grid Systems business, within the Power Systems division. “This […]

  • 16 February 2011
    Business & Finance

      ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration projects,” said Martin Gross, head of ABB’s Grid Systems business, within the Power Systems division. […]

  • 16 February 2011

      ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration projects,” said Martin Gross, head of ABB’s Grid Systems business, within the Power Systems division. […]

  • 5 July 2013
    Business & Finance, Storage

    ABB, a global leader in power and automation technology, has won an order from the Norwegian Transmission System Operator (TSO), Statnett SF for the construction of two new 420 kilovolts (kV) transmission substations. This is part of an overall initiative to expand and strengthen the national grid. The order was received in the second quarter. […]

  • 24 February 2015
    Business & Finance, Equipment, Project & Tenders

    ABB has won an order worth around $11 million from the Swedish utility Svenska kraftnät to design, manufacture, and supply a submarine cable system under the bay of Edsviken in northern Stockholm. The link is part of the larger grid project Stockholms Ström, which will provide an entirely new structure for the electrical grid in […]

  • 5 January 2012
    Storage

    ABB, the global power and automation technology group, has won an order worth around $160 million from Svenska Kraftnät, the national grid operator, to provide a new high-voltage underground cable system for the South-West Link power transmission project in southern Sweden. When completed in 2014, this will be the longest and most powerful underground cable […]

  • 16 September 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    ABB has won an order worth around $90 million from Statoil, for a high-voltage cable system to supply power from shore to the Johan Sverdrup offshore oil field. Located 155 kilometers west of Stavanger in the North Sea, Johan Sverdrup is considered one of the largest offshore oil fields on the Norwegian Continental Shelf (NCS). […]

  • 12 March 2015
    Business & Finance, Storage

    ABB has won $130 million order from Dong Energy to supply a high-voltage cable system connecting Walney Extension offshore wind farm  to the grid. The Walney Extension will provide additional generation potential of 660 MW on top of the existing offshore wind farm’s 367 MW. When completed, both offshore wind farms will be capable of providing […]

  • 30 November 2015
    Equipment, Project & Tenders

    ABB has commissioned a subsea power link for oil and gas company Eni Norge, that will supply power from the Norwegian grid to the new Goliat Floating, Production, Storage and Offloading unit (FPSO). The Goliat field, located in the Barents Sea, Norway, is the northernmost oil field in the world. It will process up to 100,000 […]

  • 11 January 2012
    Business & Finance, Operations & Maintenance

    ABB, the leading power and automation technology group, has successfully commissioned a power link between Finland and Sweden. The HVDC (high-voltage direct current) Fenno-Skan 2 link is a cable-based power transmission system that enables the exchange of an additional 800 MW of power between the two countries, mitigating transmission bottle-necks in the region. The Fenno-Skan […]

  • 16 February 2011
    Business & Finance, Equipment

      ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration projects,” said Martin Gross, head of ABB’s Grid Systems business, within the Power Systems division. […]

  • 16 April 2014
    Business & Finance

    Rolls-Royce and Daimler have agreed the valuation of Daimler’s 50% equity interest in the joint venture Rolls-Royce Power Systems (RRPS). Both parties have determined the fair market value of Daimler’s shares at EUR 2.43 billion. The transaction is expected to complete within the next five months and is subject to the usual regulatory approvals. This […]

  • 10 January 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    ABB, the leading power and automation technology group, has won an order worth around $25 million from Statoil to supply AC subsea power cables to the world’s largest offshore gas platform, Troll A, about 70 kilometers off the west coast of Norway. The order was booked in the fourth quarter of 2011. ABB’s scope of […]

  • 7 March 2012

    ABB, the leading power and automation technology group, has won an order worth around $15 million from E.ON UK, to supply the power export cables for the Humber Gateway offshore wind farm. ABB will design and supply 2×14 kilometer (km) circuits of 132 kilovolts (kV) three-core AC submarine cable, with integrated fiber optics, to connect […]