ABB is a global leader in power and automation technologies, providing a comprehensive range of products, systems, solutions, and services aimed at enhancing industrial efficiency and reliability. The company's power division focuses on power transmission, distribution, and automation for various utilities and industries, while its automation segment caters to diverse sectors through measurement, control, protection, and process optimization solutions. ABB operates in approximately 100 countries and offers innovations in areas such as smart grids, robotics, renewable energy, and electric mobility. Additionally, ABB Ventures, the company's corporate venture capital arm, invests in breakthrough technology companies that align with ABB's focus on industrial electrification and automation. This strategic approach supports ABB's commitment to advancing technologies like industrial IoT, AI, and energy transition.
Vice President and Head of Group Investment and Portfolio
C P Vyas
Vice President
Past deals in Electric Grid
Eneryield
Seed Round in 2024
Eneryield specializes in developing a machine learning tool aimed at addressing power quality disruptions in electric power systems. This innovative tool offers intelligent energy analytics and control over electricity flow, effectively compressing large datasets into actionable insights. By classifying and pinpointing the root causes of power quality events, Eneryield equips clients with the information necessary to take corrective actions, thereby mitigating disturbances. The company's solutions help reduce energy losses, minimize wear and tear on components, and decrease production downtimes, ultimately enhancing operational efficiency for its users.
GridBeyond
Series C in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.
Zaphiro
Series A in 2022
Zaphiro is a company that specializes in developing real-time monitoring and automation systems aimed at improving the efficiency and profitability of electrical grid operations. Founded in April 2017 as a spin-off of the Swiss Federal Institute of Technology in Lausanne, it was established by researchers Paolo Romano, Marco Pignati, and Lorenzo Zanni. The company’s technology provides a comprehensive view of energy flows within the grid and enhances fault detection capabilities. By utilizing distributed sensing and a central grid controller, Zaphiro enables clients to safely incorporate renewable energy sources and electric vehicles into their systems. Its solutions facilitate quick responses to electrical faults, thereby reducing the impact of power outages.
FreeWire
Series B in 2020
FreeWire Technologies, Inc. specializes in mobile electric vehicle (EV) chargers and battery-integrated charging solutions. Founded in 2014 and based in San Leandro, California, the company produces various models, including the Mobi Charger series, which caters to different charging needs with options for manual operation and semi-autonomous functionality. FreeWire's flagship product, the Boost Charger, connects to existing low-voltage utility services and provides high-power charging without requiring significant grid upgrades. This innovative technology allows for ultrafast EV charging, making it suitable for diverse applications, including commercial customers, fleets, and retail locations. FreeWire has established partnerships with major companies and is actively deploying its solutions across the U.S. and internationally, including a collaboration with bp pulse in the UK. By offering clean and efficient power alternatives, FreeWire aims to support the transition away from fossil fuels and enhance the EV charging infrastructure.
GE Industrial Solutions
Acquisition in 2017
A GE heritage business, Industrial Solutions' story starts 130 years ago with GE's founder, Thomas Edison. Today, Industrial Solutions' engineers and employees embody his entrepreneurial spirit to create innovative, end-to-end product and service solutions. They enable customers in more than 60 countries, across various industries, to overcome their electrical distribution and power challenges.
Generac Grid Services
Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
Enervalis
Venture Round in 2017
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.
Generac Grid Services
Series B in 2017
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
Industrial Defender
Series B in 2012
Industrial Defender Inc. specializes in cybersecurity, compliance, and change management solutions tailored for operational technology in industries such as electric utilities, chemical processing, transportation, water, and oil and gas. The company provides a range of products, including the Automation Systems Manager, which offers asset management, security event management, configuration management, and compliance reporting. Additional offerings include a Network Intrusion Detection System, Access Manager for critical cyber asset protection, and Compliance Manager to help clients meet auditing requirements. The firm also provides deployment, system monitoring, and managed services to enhance security and operational resilience. Founded in 1996 and based in Foxborough, Massachusetts, Industrial Defender focuses on equipping organizations with the visibility and situational awareness needed to manage cybersecurity risks effectively. The company has established a strategic partnership with Schneider Electric to further enhance its capabilities in safeguarding industrial control systems.
RGM - Rail vehicle power business
Acquisition in 2012
RGM - Rail vehicle power business
Baldor Electric
Acquisition in 2011
Baldor Electric, a division of ABB, specializes in the manufacturing of mechanical power-transmission equipment. The company offers a range of products including industrial electric motors, mechanical power transmission products, drives, and generators. By focusing on power and automation solutions, Baldor Electric serves various sectors such as utilities, industries, and transportation, helping customers enhance their operational efficiency while reducing environmental impact. With a strong commitment to innovation and quality, Baldor Electric plays a significant role in the global market for electric power solutions.
Trilliant
Venture Round in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Trilliant
Series B in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Hybrid Energy Storage Solutions
Win Inertia (Hybrid Energy Storage Solution Ltd. Commercial Brand) is a technological solution provider, pioneer in creating hybrid energy storage solutions (HESS), optimized in economic terms, thanks to the integration of several energy storage technologies, enhanced power electronics and patented energy management algorithms in an exclusive, flexible hardware and software platform. Win Inertia develops enabling technologies that generate synergy between energy storage systems, power electronics and advanced energy management algorithms and controls. This creates a business model that enhances the applications and services offered by the storage systems, while also minimizing the footprint and the environmental impact. This specialization in energy enabling technologies is the key to offer cost-effective energy storage and smart grid solutions, that can be integrated at different levels of the electrical grid, providing a large portfolio of grid services Win Inertia's portfolio is focused on three main activities: 1) Hybrid technologies turnkey HESS solutions. The SHAD® solution is a Win Inertia’s patented proprietary technology, defined as Hybrid Energy Storage Solution (HESS) based on a flexible hardware and software platform. This enables a combination of multiple types of storage technologies (batteries, ultracapacitors, flywheels, fuel cells, etc.) optimized for specific customer uses at different levels of the electrical network, covering a myriad of grid applications. 2) Control systems to optimize and monetize the energy storage systems (EMS – Energy Management Systems and iNMS®) The Intelligent Node Management System (InMS) is a flexible hardware and embedded software platform that performs real-time management and control of power plants. The algorithms and models in the iNMS platform are crucial for increasing benefits. The iNMS provides an optimal dynamical operation of the system based on the state of the internal assets and analysis of the services that can be provided. The Energy Management System (EMS) is a flexible hardware and embedded software platform, embedded in a HESS solution, that performs real-time management and optimization of the energy storage systems integrated within the solution. 3) Turnkey consultancy services based on its sizing and optimizing tools, focused on the calculation of the optimal sizing and operation strategy for different scenarios, at the same time that generates the optimal business model.
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