ABB Ltd plans $200 million investment in European grid tech manufacturing over three years, enhancing electrification capabilities amid global energy shifts.
ABB Ltd, a leader in electrification and automation, announced plans to invest $200 million over the next three years in manufacturing capabilities for grid technologies in Europe. This move aims to expand production of key components for power grids, supporting the transition to sustainable energy systems. The announcement was reported by Law360 as of recent coverage.
ABB Ltd…