EduBourseActualitésABB wins $30 million power order in Canada

ABB wins $30 million power order in Canada

Solution to enhance grid stability and efficiency, improving reliability and quality of power

Zurich, Switzerland, Sept. 29, 2009 – ABB, the leading power and automation technology group, has won an order worth $30 million from Hydro One Network Inc., one of Canada’s leading power utilities, to provide a turnkey static Var compensator (SVC) solution for a substation serving the Toronto area.
ABB will design, supply, install and commission the system, which is scheduled for completion by 2011. SVC is part of ABB’s group of FACTS (flexible alternating current transmission systems) technologies, which includes solutions to enhance the capacity, reliability and efficiency of existing power transmission systems and contributing to the evolution of smarter grids. ABB is currently executing two similar projects for Hydro One.

“The SVC technology being deployed, will help improve grid stability and deliver reliable, quality power to consumers in the region,” said Peter Leupp, head of ABB’s Power Systems division. ”It will enable more electricity to be transmitted over the existing network, with minimum environmental impact.”

FACTS technologies reduce the need for capital investment, saving time and reducing the complexity associated with construction of new power plants or transmission lines. ABB is a global leader in the growing field of FACTS and has more than 700 such installations in operation or under construction around the world.

Hydro One owns and operates Ontario’s 29,000 km high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 123,000 km low-voltage distribution system serving about 1.3 million end-users and smaller municipal utilities in the province.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people.

For help with any technical terms in this release, please go to: www.abb.com/glossary

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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