ABB and Fluor have formed a global strategic partnership to carry out large turnkey EPC projects for electrical substations.
The two companies said that the partnership “will help meet the evolving need of power grids across the globe for safe, reliable and state-of-the-art electrical substations”.
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.
ABB chief executive Ulrich Spiesshofer said the deal would allow the companies 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.”
He added that “strategic partnerships like this are a core pillar” of ABB’s strategy to “drive growth while mitigating risk”.
“Fluor’s new global strategic partnership with ABB targeting the substation market is expected to bring unique synergies to our Power clients,” said