15 Nov '11, 9pm

ABB Buys Powercorp for Integrating Renewables: ABB wants to control solar and wind power, and it has bought up...

ABB Buys Powercorp for Integrating Renewables: ABB wants to control solar and wind power, and it has bought up...

ABB wants to control solar and wind power, and it has bought up Australian power automation company Powercorp to help it get the job done. Powercorp specializes in controls to manage renewable energy in isolated grids, allowing for high levels of wind and solar penetration. Earlier this year, ABB's CEO Joe Hogan said that renewables was one area where ABB saw a lot of room for expansion and growth. "This is an interesting acquisition that highlights some of theregional differences in smart grid priorities. It also provides some insight into the priorities of ABB,” said Chet Geschickter, senior smart grid analyst with GTM Research. "Renewable integration is hot topic in regions with high penetration of solar and wind - especially the Nordic countries, Germany, and Australia for some pilot projects.” Powercorp was launched in 1988 to automate diesel generator power stations ...

Full article: http://www.greentechmedia.com/articles/read/abb-buys-powe...

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