Utilities specialist ABB said it has joined forces with contractor Fluor to execute large turnkey engineering, procurement and construction (EPC) projects for electrical substations globally.
By combining ABBs technology and its market leadership position in power transmission and distribution with Fluors expertise in delivering large engineering, procurement, construction (EPC) projects, the partnership will help meet the evolving need of power grids across the globe for safe, reliable and state-of-the-art electrical substations, ABB said in a statement.
Together, we intend to grow our businesses by complementing each others strengths in unique customer services for substation projects, said ABB chief executive Ulrich Spiesshofer. Strategic partnerships like this are a core pillar of our Next Level strategy and help us to drive growth while mitigating risk.
Spiesshofer pointed out that 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 is a world leader in air-insulated, gas-insulated and hybrid substations with voltage levels up to 1,200 kV. These substations facilitate the efficient and reliable transmission and distribution of electricity with minimum environmental impact.