October 4 - ABB and Fluor have formed a global strategic partnership for the execution of large turnkey engineering, procurement and construction (EPC) projects for electrical substations.
By combining ABB's technology and position in the power transmission and distribution market with Fluor's experience in delivering large EPC projects, the two companies claim that the partnership will help meet the evolving need of power grids across the world for safe and reliable electrical substations.
"We are proud to partner with Fluor to tap the vast opportunities of the ongoing energy revolution and related power infrastructure investments," said ABB ceo Ulrich Spiesshofer, adding that strategic partnerships such as this are part of the company's future strategy to help it grow while mitigating risk.
ABB has also signed a partnership agreement with Aibel to deliver offshore wind integration solutions. While ABB will focus on high voltage direct current (HVDC) technology, Aibel will take responsibility for turnkey EPC services for the design, construction, installation and commissioning of the offshore platforms.