News | March 22, 2011

ABB Named Cleantech's 'Corporation Of The Year' At Cleantech Forum San Francisco

Cary, NC - ABB, the leading power and automation technology group, was awarded the title of Cleantech Corporation of the Year this week at Cleantech Forum San Francisco, the industry's premier event for business leaders, investors, startups, and policy makers.

Cleantech Group's Corporation of the Year Award is presented annually to a global corporation that has made significant strides in accelerating its presence in the cleantech sector through corporate acquisitions, venture investments, product development and new customer announcements. Cleantech Group also considers feedback from a variety of cleantech investors and industry participants, and looks for firms with a significant international footprint.

"This award validates our strategy and confirms ABB's position as a leader in the industries that make up cleantech," said Enrique Santacana, region manager for ABB's operations in North America. "Energy efficiency, renewables, smart grid, electric vehicles—this is where we see great potential for growth, particularly in North America."

Santacana delivered a keynote address on Tuesday that summarized ABB's vision of the smart grid and how various technologies under that umbrella contribute to energy efficiency.

Within the last twelve months, ABB has completed two major acquisitions that have served to bolster its cleantech credentials. Ventyx, a leading provider of IT systems for utilities, and Baldor Electric, the premier supplier of high-efficiency motors in the US, add to the company's already substantial smart grid and industrial motor portfolios. In the same period, ABB also made investments in:

  • Electric vehicle charging (Ecotality)
  • Smart grid communications (Trilliant)
  • Cyber security (Industrial Defender)
  • Asset monitoring (Obvient Technologies and Insert Key Solutions, acquired through Ventyx)
  • Solar thermal generation (Novatech, as announced this week)