ABB partners with Energy Impact Partners to accelerate breakthrough technology innovation

ABB has partnered with Energy Impact Partners (EIP), joining a global coalition of industrial partners to accelerate technological innovation across its electrification and automation portfolio. EIP collaborates with its strategic partners to find, screen, and scale technologies that are critical for the energy transition. Through EIP's strong limited-partner engagement model and its proven ability to catalyze industrial innovation, ABB aims to support its Motion business area's strategic goals to strengthen its market-leading position.

"As global technology leader in electrification and automation, we are constantly looking for new and breakthrough innovation to provide customers with energy efficient and decarbonizing solutions," said Analia Troncoso, Global Head of Strategy, Business Development and Sustainability at ABB Motion.

"We look forward to our partnership with Energy Impact Partners and to the collaboration with innovative startups that will help ABB push the boundaries of technology to help industries outrun leaner and cleaner," added Chao Wu, Head of ABB Group Ventures.

With more than 80 corporate partners and over $4.5 billion in assets under management, EIP is a global energy investor with a proprietary model designed to drive innovation. EIP brings together entrepreneurs and some of the world's most forward-thinking energy and industrial companies to advance innovation for a better energy future. Investing in venture, growth, private equity, and credit, EIP seeks attractive risk-adjusted returns for its investors by leveraging its differentiated strategy and industrial ecosystem.

"ABB's partnership marks an exciting milestone in our journey," said Hans Kobler, Founder and Managing Partner at Energy Impact Partners. "The power of our model only increases with leverage and diversity of our expanding ecosystem. We are thrilled to welcome ABB into our coalition. Together, we will continue seeking out the companies shaping a better energy future and helping them scale."

Since 2009, ABB Ventures has deployed around $500 million into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings, and distributed energy.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. To help the world's industries outrun - leaner and cleaner, we deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 23,000 employees across 100 countries learn and improve every day. ABB Motion Ventures is the venture capital unit of ABB Motion business area. go.abb/motion