DO810-3BSE008510R1 ABB: Continue to deepen the Chinese market, leading the application of electrical technology innovationhttps://www.gsplcdcs.com/
With the rapid development of China’s energy industry, how to build a new energy system, grasp the new opportunity of “electrification of all things”, accelerate the value of digital intelligence, and promote the transition of energy to the future of net zero emissions has become an era proposition in today’s electrical field.
DO810-3BSE008510R1 Recently, the 2024 ABB Electrical Innovation Week with the theme of “Energy Future, Innovation-driven” was held in Xiamen. Through opening forums, keynote speeches, product launches and presentations, and industry forums, the event focused on the opportunities and challenges of the future of energy, and focused on hot topics such as green energy, green buildings, green industry, green data centers, and showcased ABB’s key role in the energy transition.
At the same time, Morten Wierod, global president of ABB Group Electric, announced during the event that ABB Electric will continue to invest $100 million in China in the next three years for low-carbon technology research and development, intelligent manufacturing upgrades and low-carbon industrial chain empowerment to support China’s energy transformation.
Multi-angle layout of ESG, the “second financial report” results are bright
ESG (Environmental, Social and Corporate Governance) is becoming the new language of communication between businesses. As green, low-carbon and sustainable development has become a consensus, ESG performance has increasingly become an important indicator for investors to evaluate corporate operations, and is even regarded as the “second financial report” of enterprises.
DO810-3BSE008510R1 In this regard, Marten said that for ABB, ESG has always been an area of long-term focus, long-term planning and multi-angle layout. ABB’s focus on sustainability, carbon neutrality and helping customers reduce their carbon emissions was clearly outlined in 2019 and announced a technology-based net zero target at its 2023 Capital Markets Day. He pointed out that ABB’s goal is not only to reduce its own carbon emissions, but also to help customers reduce carbon emissions through the company’s products.
On the other hand, Marten revealed that ABB has also made detailed divisions in the ESG field, and each department has specific actions. ABB’s Xiamen factory, for example, is equipped with solar photovoltaic panels on the roof, and energy efficiency has been emphasized in the design and planning of the interior. At the same time, corporate social responsibility is also at the core of ABB’s focus, such as by 2030, the company plans to have 25% of the management of the company made up of women, in order to promote the status and role of women in the enterprise. Maaten stressed that ABB’s ESG is not only an economic indicator, but also values the long-term value brought by the concept of sustainable development.
DO810-3BSE008510R1 ABB’s excellent performance in all aspects of ESG has also been highly recognized by the international authoritative index institution MSCI, which upgraded ABB’s ESG rating to the highest AAA level, fully affirming ABB’s continued efforts.
The MCB can detect electrical faults such as short circuits and overloads and can disconnect the circuit in 10 milliseconds, 10 times faster than the blink of an eye. In case of failure, it can be quickly and easily reset without replacement. As the goal of a “net zero future” continues to evolve, increasing electrification and integrating more diverse renewable energy sources becomes critical. Protection equipment requires managing larger electrical loads, as well as responding to changes in power supply and demand. ABB offers a full range of safety technologies and solutions, from solar panels and heat pumps to electric vehicle charging solutions, as well as additional protection against residual current, surge, ground fault current, arcing and more.
Aldo Sciacca, head of the global Terminal Distribution Products Group at ABB Electric Smart Buildings, said: “Our future-proof portfolio is focused on enabling energy efficiency and transparent, sustainable practices. We also focus on easy installation, which is important when faced with labor shortages. Through compact, modular and flexible design, we are able to quickly and safely retrofit buildings and integrate renewable energy, which plays a vital role in ensuring the safe and sustainable development of modern communities, modern cities and future urban landscapes.”