ABB Ltd (ABB) Clinches Order For UK-France Power Link
Zacks Investment Research | Apr 09, 2017 09:31PM ET
ABB Ltd (NYSE:ABB) recently announced that it has secured an order from the UK grid operator, National Grid (LON:NG) and Réseau de Transport d'Electricité, to provide its proprietary HVDC (high-voltage direct current) technology. The €270 million worth order will help in integrating electricity networks of France and the UK.
Per the order, ABB will offer two high-voltage direct current HVDC Light converter stations, one each to France and England, connected with a subsea cable. Stretching a distance of 240 kilometers between the stations, the 1000 megawatt capacity link runs from Chilling, Hampshire, in England to Tourbe in France. The stations will also feature ABB’s advanced MACH control and protection system to protect the link from unexpected disruptions.
The HVDC Light technology will ensure that the UK-France power link can regulate power fluctuations, reduce operational costs and provide reliable electricity for clients.
As a matter of fact, with about 110 HVDC projects under its belt, ABB has earned an impressive reputation among clients in more than 15 countries to transport huge megawatts of power over long distances, with minimum energy loss.
One of the leading industrial infrastructure, power and automation companies in the world, ABB has gained substantially from surging investments in power infrastructure upgrades. Year to date, ABB’s shares returned 10.5%, slightly above the Zacks categorized Original post
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