![]() These days, electrification is not just about lighting and heating, it involves much more,” Tysk concluded. Hitachi ABB Power Grids is powering good for a sustainable energy future, with pioneering and. “We collaborate more broadly now than we used to. Culture of innovation Value creation with harmony. The researchers who were asked about this newfangled technology were dismissive and the University opted for gas lighting. When the University Main Building was erected in the 1880s, the initial decision was not to instal electricity in the building. Overview Integrity Diversity, Equity, and Inclusion Meet Our People Careers. The programme took place in the University Main Building, which inspired Johan Tysk, Vice-Rector for Science and Technology, to mention a decision where the University did not quite manage to foresee technological development. Cybersecurity Digitalization Grid Edge Solutions Power Quality. The programme for the signing day included presentations and discussions on artificial intelligence, the challenge of attracting more women to electrical engineering programmes, and a practical example of how to combine research at a university and a company. The strategic partnership now signed resembles the partnership agreement that the University had previously with ABB and may involve joint research projects, study visits, workshops, summer jobs and degree projects. “I believe we have a lot to gain from our collaboration with Uppsala University, both in Sweden and internationally,” said Jenny Larsson, Country Managing Director, Hitachi ABB Power Grids, Sweden, an alumna of Uppsala University. ABB got rid of its Power Grids business, once a very successful one, nowadays struggling with margins and vastly unable to cope with the competition especially in developing markets. ![]() “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.Jenny Larsson, Country Managing Director, Hitachi ABB Power Grids, Sweden. The company is a JV of ABB and Hitachi created on July 1st, 2020, employing about 40k people worldwide. “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. The new entity is headquartered in Zurich, Switzerland, and the current management team will ensure business continuity.“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. ![]() 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. In accordance with the agreement signed on December 17, 20181, Hitachi Ltd. ![]()
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