Energy Storage News•23 days ago
ABB acquires Gamesa Electric power electronics division for undisclosed sum
Key Takeaway
This acquisition consolidates key power electronics technology under ABB, potentially streamlining supply chains and accelerating innovation for renewable energy and storage projects.
AI Summary
- •ABB has acquired Gamesa Electric's solar PV, wind inverter, and battery storage power conversion system (PCS) businesses, expanding its renewable energy power electronics portfolio.
- •This acquisition strengthens ABB's market position as a key OEM for critical components in utility-scale solar, wind, and energy storage projects.
- •Developers and IPPs may see increased integration and potentially streamlined supply chains for power conversion systems from a major, diversified supplier.
- •Large power consumers deploying behind-the-meter or grid-scale storage and renewables could benefit from a more robust and integrated product offering from ABB.
Topics
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