Ulrich Spiesshofer, CEO of ABB, stated: “We are proud to partner with Fluor to capitalize on the significant opportunities presented by the current energy revolution and the resulting investments in electrical infrastructure. Together, we will grow our business by complementing our respective strengths in providing unique services to customers for substation projects. Strategic partnerships like this are a central pillar of our Next Level strategy, helping us to continue growing while mitigating risks.”.
Substations are essential components of electrical grid infrastructure that facilitate efficient electricity transmission and distribution. They protect and control the flow of electricity, connect power plants to the grid, and link transmission and distribution networks to each other and to consumers.
David Seaton, President and CEO of Fluor, states: “We expect Fluor’s new strategic alliance with ABB, focused on the substation market, to deliver unique synergies for our customers in the power sector. This step we are taking now demonstrates how we respond to our customers’ needs with our exceptional integrated offering.”.
ABB is a global leader in air-insulated, gas-insulated, and hybrid substations, with voltage levels up to 1,200 kV. These substations facilitate the efficient and reliable transmission and distribution of electricity with minimal environmental impact. They serve utility, industrial, and commercial customers, as well as railways, urban transport, and renewable energy companies.
Claudio Facchin, president of ABB's Power Grids division, says: “This global partnership with Fluor reinforces our strategic focus on developing new business models, as we transform our business to generate value for customers.”.
