ABB

ABB is a global leader in power and automation technologies, offering a diverse range of products and services aimed at enhancing efficiency and sustainability across various industries. The company specializes in areas such as electrification, robotics, and industrial automation, serving electric, gas, and water utilities, as well as commercial and industrial customers. ABB operates through multiple divisions, including Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. Its innovations encompass high-voltage direct current transmission equipment, solar inverters, and wireless technologies for critical industrial applications. Furthermore, ABB Technology Ventures, the corporate venture capital arm of the company, invests in emerging technologies across sectors like renewable energy and cybersecurity, fostering advancements in industrial digitalization. With a presence in approximately 100 countries, ABB is strategically positioned to contribute to a more sustainable and resource-efficient future.

Franziska Bossart

Investor

Marcus Gieraths

Group Vice President, M&A

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

Sridhar Tyagavalli

CFO

Morten Wierod

CEO

Chao Wu

Principal at ABB Technology Ventures

Past deals in Electric Grid

Morrow Batteries

Venture Round in 2022
Morrow Batteries is focused on developing and manufacturing cost-effective and sustainable battery cells to support the green energy transition. The company specializes in industrialized graphene-enhanced lithium-sulfur batteries, which offer improved performance and a reduced environmental footprint compared to traditional battery technologies. By prioritizing sustainability in its production processes, Morrow Batteries aims to provide clients with innovative solutions that meet the growing demand for environmentally friendly energy storage options.

ChargeLab

Series A in 2022
ChargeLab Inc. is a Toronto-based company founded in 2015 that specializes in electronic vehicle charging solutions. It develops a hardware-agnostic platform that enhances the functionality of various electric vehicle chargers, making them smarter and easier to use. ChargeLab's software enables clients to operate and optimize their charging equipment, offering a comprehensive service that includes hardware, software, and installation. The company serves a diverse clientele, including government entities, multinational real estate investment trusts, parking operators, and property managers, facilitating the deployment and management of extensive charging networks. By connecting and monetizing charging stations, ChargeLab aims to streamline the EV charging experience for users and operators alike.

To-U

Funding Round in 2021
We deliver a seamless EV charging experience with comfort, confidence and simplicity.

Enervalis

Series A in 2020
Enervalis SA/NV specializes in developing Software-as-a-Service (SaaS) solutions and hardware that promote sustainable energy practices for electric vehicles, buildings, and microgrids. Their flagship product, the Smartpower Suite, facilitates the optimization of energy supply, storage, and demand flexibility for electricity producers, distributors, and consumers, enabling them to enhance energy efficiency and generate cost savings. The platform integrates user profiles, energy demands, and predictability of usage patterns with renewable energy sources and charging infrastructure, effectively managing energy flows. Enervalis' solutions also enhance the energy consumption efficiency of buildings by leveraging locally produced green energy and enable local energy trading, which fosters independence from public grids and reduces infrastructure maintenance costs. Founded in 2013 and headquartered in Houthalen-Helchteren, Belgium, Enervalis operates additional offices in Frankfurt, Germany, and Austin, Texas, serving municipalities and businesses in the electric vehicle, construction, and utility sectors both domestically and internationally.

Atom Power

Series B in 2020
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

FreeWire

Series B in 2020
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

Cylon Controls

Acquisition in 2020
Cylon Controls Limited specializes in designing and manufacturing building energy management systems (BEMS) aimed at enhancing energy efficiency for various types of buildings. Founded in 1985 and based in Dublin, Ireland, the company offers a range of products, including the Cylon Active Energy SaaS product, which provides real-time energy monitoring, and the Cylon Energy Solution, a cloud-based tool for energy measurement and optimization. Additionally, Cylon Active Energy Manager is designed to work with existing BEMS or metering solutions. The company's offerings also include a suite of controllers and tools for HVAC and lighting management, along with energy training services. Cylon serves a diverse clientele, including commercial offices, retail centers, educational institutions, healthcare facilities, and hotels across Europe, North America, Asia, the Middle East, and Africa. Cylon Controls operates as a subsidiary of ABB Ltd.

InCharge Energy

Series A in 2020
In-Charge Energy, Inc. provides consulting services to private and public commercial fleets, electric vehicle original equipment manufacturers (OEMs), ride-share operators, municipalities, and commercial and residential facilities owners. It offers turnkey commercial Electric Vehicle (EV) infrastructure solutions as a service that provides comprehensive scalable e-fleet solution. In-Charge Energy, Inc. was incorporated in 2018 and is based in Irvine, California.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

GE Industrial Solutions

Acquisition in 2017
GE Industrial Solutions, rooted in a legacy that dates back 130 years to founder Thomas Edison, specializes in designing and manufacturing electrical circuits for a diverse range of industries, including commercial, healthcare, mining, and telecommunications. The company offers a comprehensive array of products such as automatic transfer switches, power systems, surge protective devices, switch gears, relays, terminal blocks, motor controls, circuit breakers, and transformers. In addition to its product offerings, GE Industrial Solutions provides essential services such as defective parts repair, emergency repairs, project management, and on-site management, ensuring that customers in over 60 countries can effectively address their electrical distribution and power challenges. The commitment of its engineers and employees to innovation and customer support continues to drive the company forward.

Generac Grid Services

Series B in 2017
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

Enervalis

Venture Round in 2017
Enervalis SA/NV specializes in developing Software-as-a-Service (SaaS) solutions and hardware that promote sustainable energy practices for electric vehicles, buildings, and microgrids. Their flagship product, the Smartpower Suite, facilitates the optimization of energy supply, storage, and demand flexibility for electricity producers, distributors, and consumers, enabling them to enhance energy efficiency and generate cost savings. The platform integrates user profiles, energy demands, and predictability of usage patterns with renewable energy sources and charging infrastructure, effectively managing energy flows. Enervalis' solutions also enhance the energy consumption efficiency of buildings by leveraging locally produced green energy and enable local energy trading, which fosters independence from public grids and reduces infrastructure maintenance costs. Founded in 2013 and headquartered in Houthalen-Helchteren, Belgium, Enervalis operates additional offices in Frankfurt, Germany, and Austin, Texas, serving municipalities and businesses in the electric vehicle, construction, and utility sectors both domestically and internationally.

Generac Grid Services

Series B in 2017
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

Power-One

Acquisition in 2013
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

RGM - Rail vehicle power business

Acquisition in 2012
RGM - Rail vehicle power business

Tropos Networks

Acquisition in 2012
Tropos Networks designs and supplies technology for building extensive wireless broadband networks suitable for various applications, including smart grid and outdoor industrial use. Their products allow network operators, service providers, and government entities to establish reliable metro-scale Wi-Fi networks without the need for wired connections at each node, significantly reducing installation and operational costs. The company's MetroMesh OS enhances network performance through features such as predictive wireless routing, adaptive mesh connectivity, and self-organizing capabilities. This innovative approach provides users with broad and efficient wireless data coverage in diverse environments, making Tropos a key player in the development of scalable and secure wireless infrastructure.

GreenVolts

Venture Round in 2011
According to Forbes.com article on 9/12/12 - "...a major investor abruptly withdrew financial support for the company. 'A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,' the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. 'The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.' " _____ GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines: •State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE). The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

Newave Energy Holding

Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.

Envitech Energy

Acquisition in 2011
Envitech Energy supplies rail electrical equipment and solutions for urban transportation applications.

Powercorp

Acquisition in 2011
Powercorp specializes in automation and intelligent control solutions aimed at optimizing renewable energy generation in isolated grids. The company focuses on integrating renewable energy sources, such as wind and solar, into diesel-powered grids to enhance power quality and stability while reducing emissions and dependence on fossil fuels. Its technologies manage the balance between energy generation and consumption, enabling utility-grade power quality. Additionally, Powercorp provides systems that dynamically store and release energy to address frequency and voltage fluctuations, ensuring the stability of small or remote grids. Through its innovative applications, Powercorp contributes to more sustainable energy management in isolated environments.

Trasfor

Acquisition in 2011
Trasfor is a producer of dry-type transformers and inductors for low-voltage and medium-voltage applications.

Validus DC Systems

Acquisition in 2011
Validus DC Systems is a leading provider of fully integrated Direct Current (DC) power infrastructure for datacenters and telecommunications facilities. The company's “Hybrid Power” technology combines the best attributes of Alternating Current (AC) system design and DC energy efficiency, offering scalability, reliability and modularity, all while improving energy efficiency by up to 40%. By deploying Validus' solutions, based on the global standard for DC power, customers are able to increase processing power and server densities in new and existing facilities at a lower total cost of ownership due to reduced complexity, greater uptime and reduced power and cooling costs. Validus DC Systems, LLC is headquartered in Brookfield, CT

Baldor Electric

Acquisition in 2011
Baldor Electric is a manufacturer specializing in mechanical power transmission equipment and industrial electric motors. The company offers a range of products, including electric motors, mechanical power transmission solutions, drives, and generators. As part of a larger global technology group, Baldor Electric plays a significant role in enhancing performance across various industries while also focusing on reducing environmental impact. Its diverse product lineup serves utility, industry, and transportation sectors, contributing to improved operational efficiency for its customers.

Ecotality

Venture Round in 2011
ECOtality, Inc., together with its subsidiaries, engages in designing, manufacturing, testing, and commercializing electric vehicle (EV) charging and energy storage systems in the United States and internationally. It primary products include the Blink line of charging stations for passenger vehicle applications, such as Blink Level 2 residential and commercial chargers, and the Blink DC Fast Chargers, as well as a turnkey network operating system for EV drivers, commercial businesses, and utilities; and the Minit-Charger line of fast-charge systems for off-road industrial applications, including material handling operations and airport ground service equipment. The company also provides testing and engineering consulting services that comprise EV Micro-Climate process, a planning and consulting program for municipal planning organizations and utilities for physical charge infrastructure installations at residential, commercial, and public locations, as well as review of regulatory issues, public awareness, and marketing programs to support the various value chains associated with the EV Micro-Climate process. In addition, it offers power solutions comprising solar and battery pack manufacturing and assembly, electric charging station assembly, and repair and maintenance services; and operates Fuel Cell Store, an online marketplace for fuel cell-related products and technologies with online distribution sites in the United States, Japan, Russia, Italy, and Portugal. The company was formerly known as Alchemy Enterprises, Ltd. and changed its name to ECOtality, Inc. in November 2006. ECOtality, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

Trilliant

Venture Round in 2010
Trilliant Holdings, Inc. is a provider of smart grid software and communications solutions, headquartered in Cary, North Carolina. Founded in 1985, the company specializes in delivering intelligent networks that facilitate the transition to Smart Grid technologies. Trilliant offers a comprehensive suite of hardware, software, and services, which serve as the foundational infrastructure for advanced metering, demand response, and grid management. The company also provides installation, program management, and meter revenue cycle services, catering to the diverse needs of utility companies. With over 100 utility customers, including notable names such as Duke Energy and Hydro Quebec, Trilliant delivers flexible solutions that range from complete metering and network systems to hybrid outsourcing models. The company remains privately owned and is recognized as a leader in the energy sector.

Trilliant

Series B in 2010
Trilliant Holdings, Inc. is a provider of smart grid software and communications solutions, headquartered in Cary, North Carolina. Founded in 1985, the company specializes in delivering intelligent networks that facilitate the transition to Smart Grid technologies. Trilliant offers a comprehensive suite of hardware, software, and services, which serve as the foundational infrastructure for advanced metering, demand response, and grid management. The company also provides installation, program management, and meter revenue cycle services, catering to the diverse needs of utility companies. With over 100 utility customers, including notable names such as Duke Energy and Hydro Quebec, Trilliant delivers flexible solutions that range from complete metering and network systems to hybrid outsourcing models. The company remains privately owned and is recognized as a leader in the energy sector.

Kuhlman Electric Corp.

Acquisition in 2008
Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.
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