ABB signs storage and microgrid financing pact

ABB signs storage and microgrid financing pact

ABB and fellow Swiss company SUSI Partners have signed a pact to promote the deployment of microgrids and energy storage.

ABB will provide its ABB Abilityà¢â€ž¢ based microgrid technology and battery energy storage systems while clean infrastructure investment advisor SUSI will structure and finance the projects through its dedicated Energy Storage Fund.à‚ 

“We will work with SUSI to accelerate the adoption of microgrid and energy storage solutions” said Massimo Danieli, head of ABB’s Grid Automation business within the company’s Power Grids division. “These solutions also help provide access to reliable and cost-effective electricity in remote locations.”

Danieli said the global energy transformation brings challenges and opportunities for the power sector, including ensuring power availability and managing increasingly complex grids with a growing number of diverse, distributed energy resources and a high penetration of renewables. Additionally, industrial and commercial sites are looking for alternatives to optimize costs and minimize carbon emissions.

“This partnership with ABB broadens SUSI’s investment scope and we expect it to contribute in attracting numerous investment opportunities for the SUSI Energy Storage Fund globally,” said Marco van Daele, Chief Investment Officer of SUSI Partners.

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