ABB Winds Up Clean Energy with Strategic Stake in HESStec
A decisive move that will electrify the clean energy landscape, ABB has made a strategic minority investment in Spanish technology leader HESStec in hybridized and battery energy storage systems (HESS and BESS). This historic partnership can potentially open new avenues to optimize energy storage solutions, create innovative business models, and ultimately set the stage for expansion in key markets worldwide.
This is not just a question of capital; this is synergy. Through the combination of HESStec's cutting-edge energy storage engineering and optimization expertise, ABB is able to enhance its portfolio, particularly in grid-forming energy storage systems and premium energy optimization software. The consolidation is sure to enable customers to speed up the mission-critical journey to a net-zero emission future.
A Vision for Optimized Energy Solutions
This investment, made by ABB Electrification Ventures, further solidifies ABB's already strong foothold in the emerging energy storage marketplace. It is HESStec's hybrid energy storage technology that really causes it to stand out, in the sense that it innovatively combines battery cells with ultracapacitors at scale. This forward-thinking approach positions HESStec to not only deliver economic and environmental benefits but directly address critical power quality and reliability issues. From commercial and industrial facilities through microgrids to even remote islands, HESStec's grid-forming technology will be strategically positioned to deliver tangible impact.
ABB Electrification Service division President Stuart Thompson succinctly framed the vision behind this partnership. He once again stated that this investment "extends our technological reach and confirms our commitment to innovative energy solutions." Additionally, with the combination of HESStec's hybrid storage technologies and ABB's industry-first BESS-as-a-Service solution, the aim is to allow businesses to actively monitor and optimize their energy use without the initial barring costs. This strategic positioning is a prime step for ABB in the formulation of breakthrough business models that overcome the economic hurdles to ubiquitous energy storage adoption, fostering higher resilience and economically-driven sustainability aspirations.
HESStec: A Hotbed of Innovation
Founded in 2018, HESStec is a young, dynamic company with 40 dedicated employees. They focus on the complete design, engineering, delivery, and operation of BESS and HESS solutions on optimal use of the synergistic potential of battery cells and ultracapacitors. They engineer their solutions to address some of the most difficult energy requirements of our time, such as the requirements of EV fast-charging infrastructure, power shaving for commercial buildings, delivering power reliability for factories, and intelligently optimizing the integration of renewable energy for industrial campuses.
Eugenio Domínguez, CEO of HESStec, said he was thrilled with this success. He believes that "by combining ABB's worldwide reach and end-to-end electrification experience with our topic expertise in energy storage systems, we can deliver more innovative and efficient solutions to customers everywhere." He also said that the partnership provides HESStec with an "industrial vision and capital committed to lead the deployment of solutions that will energize a more resilient, stronger and fully decarbonized grid." Everything is rosy in the future with expansion plans in terms of scaling up their industrial capacity in a dedicated manufacturing facility and a unique megawatt-scale grid laboratory in Europe.
A Common Vision for a Sustainable Energy Future
In fact, this strategic investment in HESStec by ABB is not just financial in nature; it is a firm declaration about the future of energy. It underscores a shared commitment to innovation, to sustainability, and to building a more powerful and decarbonized world. As HESStec's pioneering hybrid energy storage technologies merge with ABB's extensive global reach and wide electrification expertise, we can anticipate a dramatic acceleration of the adoption of clean energy technologies, paving the path towards a brighter and more sustainable tomorrow for industries and communities worldwide.
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