ABB announces minority investment in Ndustrial

15 May 2024 11:51

Zurich CCGreater Zurich

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Zurich/Raleigh - ABB is investing in U.S. clean technology startup Ndustrial. Ndustrial’s AI-powered energy management will help ABB customers to lower operating costs and expedite decarbonization.

Technology company ABB has acquired a minority stake in Ndustrial through its venture capital unit ABB Ventures. According to a press release, the investment in the cleantech startup, which is based in Raleigh in the U.S. state of North Carolina, will enable smarter, production-aware energy decisions in real time. This will help customers to lower their operating costs, optimize energy consumption and accelerate decarbonization.

“Our team of industrial engineers and software developers have created a new kind of energy management system for industrial operations,” says John Crawford, Ndustrial’s co-founder and Chief Technology Officer, adding: “With ABB’s expertise and global reach, we’ll be able to make a real impact in accelerating the global energy transition.”

In April 2024, ABB invested in British startup GridBeyond, which offers energy management solutions based on artificial intelligence and data research. The collaboration will help advance energy optimization. “This partnership with Ndustrial means we can accelerate decarbonization for our customers,” says Stuart Thompson, President of the ABB Electrification Service. “Through our Advisory Services we are building an ecosystem of innovative, nimble partners to co-develop advancements in digital solutions to complement our portfolio and enhance the availability, resilience, safety and sustainability of energy for customers.” Mads Moeller, Head of ABB Electrification Ventures, explains that Ndustrial is known in particular for its track record, technology platform and experienced team. “Our investment reflects ABB’s commitment to innovative companies driving industrial electrification and energy savings for customers.” ce/js

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