Leadership Shakeup at ABB Amid Power Grids Business Overhaul

Credit to Author: Sonal Patel| Date: Wed, 17 Apr 2019 12:15:58 +0000

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

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Decarbonization, Electrification Key Among 8 Priorities for U.S. Investor-Owned Power Companies 

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:24:04 +0000

In line with customer preferences, U.S. investor-owned electric companies are heavily invested in decarbonization and electrification, the Edison Electric Institute (EEI) told Wall Street analysts and bankers on Feb. 6. In its annual presentation to potential investors and industry observers, the trade association that represents every investor-owned electric companies in the nation lamented a number […]

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