Swiss engineering giant ABB has announced its plans to invest around US$200m in its medium-voltage manufacturing operations across Europe over the next three years.
This plan, the company says, is a direct response to the rising demand for electricity across the utilities, data centre and heavy industry sectors.
At US$200m, the scale of this investment also speaks to a broader shift in how the energy sector is being forced to think in 2026.
According to the International Energy Agency, global electricity demand is set to rise 3.5% every year up until 2030 – a trajectory that is already putting a strain on grid infrastructure.
"This US$200 million investment will strengthen ABB's medium-voltage manufacturing and technology capabilities in Europe and support customers as electricity demand increases and the grid evolves," says Morten Wierod, ABB's Chief Executive Officer.
