ABB and Fluor Partner to Deliver Power Substation Projects Globally
October 04 2016 - 12:45AM
Business Wire
- Partnership combines ABB’s leading
market position in power technologies with Fluor’s expertise in
managing large engineering, procurement and construction
projects
- Partnership to capture new growth
opportunities for both companies
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 world-leading technology and its market leadership
position in power transmission and distribution with Fluor’s
expertise and experience in delivering large EPC projects, the
partnership will help meet the evolving need of power grids across
the globe for safe, reliable and state-of-the-art electrical
substations.
“We are proud to partner with Fluor to tap the vast
opportunities of the ongoing Energy Revolution and related power
infrastructure investments. Together, we intend to grow our
businesses by complementing each other’s strengths in unique
customer services for substation projects,” said ABB CEO Ulrich
Spiesshofer. “Strategic partnerships like this are a core pillar of
our Next Level strategy and help us to drive growth while
mitigating risk.”
Substations are key elements in power grid infrastructure that
facilitate the efficient transmission and distribution of
electricity. They control and protect power flows, connect power
stations to the grid and link transmission and distribution
networks as well as end consumers.
“Fluor’s new global strategic partnership with ABB targeting the
substation market is expected to bring unique synergies to our
Power clients,” said David Seaton, Chairman and CEO of Fluor. “This
approach exemplifies our focus on addressing client needs with our
unique integrated solutions offering.”
ABB is a world 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 minimum environmental impact. They serve
utility, industry and commercial customers as well as sectors
including railways, urban transportation and renewables.
“This global partnership with Fluor reinforces our strategic
focus on developing new business models as we continue to transform
our business to generate enhanced customer value,” said Claudio
Facchin, President of the Power Grids division.
About ABB
ABB (ABBN:SIX Swiss Ex) is a pioneering technology leader
in electrification products, robotics and motion, industrial
automation and power grids serving customers in utilities, industry
and transport & infrastructure globally. For more than four
decades, ABB is writing the future of industrial digitalization.
With more than 70 million devices connected through its installed
base of more than 70,000 control systems across all customer
segments, ABB is ideally positioned to benefit from the Energy and
Fourth Industrial Revolution. With a heritage of more than 130
years, ABB operates in more than 100 countries with about 135,000
employees. www.abb.com
About Fluor
Fluor Corporation (NYSE:FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served our clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 155 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has more than 60,000 employees worldwide. For
more information, please visit www.fluor.com or follow us on
Twitter@FluorCorp.
Important notice about forward-looking information
This press release includes forward-looking information and
statements. These expectations, estimates and projections are
generally identifiable by statements containing words such as
“expects,” “believes,” “estimates,” “targets,” “plans,” “is
likely”, “intends” or similar expressions. However, there are many
risks and uncertainties, many of which are beyond our control, that
could cause our actual results to differ materially from the
forward-looking information and statements made in this press
release and which could affect our ability to achieve any or all of
our stated targets. Although ABB Ltd believes that its expectations
reflected in any such forward-looking statement are based upon
reasonable assumptions, it can give no assurance that those
expectations will be achieved.
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