Home » ABB to Acquire Powercorp
ABB to Acquire Powercorp
ZURICH – ABB, the power and automation technology group, has agreed to acquire Powercorp, an Australian renewable power automation company. This acquisition strengthens ABB's portfolio of control technologies used to manage the integration of renewable energy sources.
Darwin-based Powercorp employs around 30 people and offers automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility-grade power quality and grid stability. This enables very high levels of wind and solar power penetration into isolated diesel-powered grids, thus reducing emissions and dependency on fossil fuel.
"Powercorp brings expertise for the integration of renewable energy generation into conventional micro and remote island grids," said Peter Leupp, head of ABB's Power Systems division. "This bolt-on acquisition will add specialist know-how and solutions to our control systems offering and further strengthen our position in the renewable space."
Powercorp has installed several systems to integrate renewable power into remote grids and keep generation in balance with consumption. The company also supplies systems that dynamically store and release energy in response to frequency and voltage deviations, to stabilize small or remote grids.
"Joining forces with ABB is a logical next step for the growth of our business," said Alan Langworthy CEO of Powercorp. "It will expand our global reach and help create optimal solutions for higher and better use of renewable energy generation."
The transaction is expected to close before year end.
SANS Control Security Training Coming to Houston
SANS Institute will hold ICS Security Training event on June 10-15 in Houston
Compressor Controls: Saudi Aramco Buys First GE Compressor Control Systems
Saudi Aramco has purchased advanced compressor control technology from GE for the Haradh GOSP-1 facility in Saudi Arabia's Eastern Province.
ISA Training Through June in Houston
Technician training, engineering survival and SIS boot camps for condensed, intense, comprehensive educational experience.
NIST Releases Initial Cyber Security Framework Comment Analysis
The National Institute for Standards and Technology has released an initial analysis of the hundreds of comments by industry and the public they have received on the Obama Administration's "Improving Critical Infrastructure Cyber Security" executive order.
Past Time to Upgrade Your DCS?
Upgrading Your DCS: Why You May Need to Do It Sooner Than You Think
Metso Provides New Heating Solution for Finnish Utility
Finland's largest pellet-fired heating plant produces environmentally friendly energy in Tampere
K-BIM Consortium Selects Siemens' Parasolid for New AEC Applications
-BIM, a consortium of commercial, academic and government organizations wants the new application suite to help create a national standard for building information management (BIM)
Friday p.m. Wrap-Up:This Week on ControlGlobal and Elsewhere
Some of the week's biggest stories in process automation
What's Bad Weather Costing Us?
U.S. taxpayers paid nearly $100 billion responding to damages caused by last year’s extreme weather events associated with climate change, about $1,100 per taxpayer, according to an analysis by the Natural Resources Defense Council (NRDC).
BP, Shell, Statoil Raided by EC
European Commission investigators raided the offices of oil companies BP, Royal Dutch Shell and Statoil as well as data collector Platts as part of a larger inquiry into price manipulation of the global crude market.
- All news »
Access the entire print issue on-line and be notified each month via e-mail when your new issue is ready for you. Subscribe today.
- Featured White Papers