MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: ABB Robotics / ABB Ltd
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ABB is Founding Investor in Incubator for New Energy Technologies - Nupharo Park aims to develop direct current and other technologies into viable business - Nupharo.com / ABB.com
ABB is Founding Investor in Incubator for New Energy Technologies

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2013/06/27 - Nupharo Park aims to develop direct current and other technologies into viable business - Nupharo.com / ABB.com. ABBN: SIX Swiss Ex

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering / Artificial Intelligence Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ABB, the leading power and automation technology group, is investing alongside the European Union to set up a technology park in the Czech Republic for the development and commercialization of direct current (DC) and other energy technologies that have the potential to reduce energy costs and carbon emissions.

The Nupharo Park incubator will provide resources, facilities and business advice necessary for successful market entry. Production facilities will offer a unique environment for testing commercial applications and the economic viability of new technologies. The technology park is an innovative collaboration between European authorities, global businesses, entrepreneurs, venture capitalists and university researchers, whose goal is to build a strong community of innovators.

“Providing the world with energy that is both affordable and clean will require some creative new solutions,” said Tarak Mehta, head of ABB’s Low Voltage Products division. “Nupharo Park is another innovative way for ABB to drive advances in energy technology, and neatly complements our own R&D, collaboration with universities and investments in start-up businesses. While the LP division is the first to be engaged in the project, it’s a center which all units of ABB can leverage.”

Nupharo Park (nupharo.com) is under construction in Zdarek, near the Czech-German border, and will open in 2014. ABB welcomes the participation of others with an interest in developing new energy technologies, and is in talks with several global companies about a role in the park.

ABB is investing 2.3 million euros ($3 million) in the project, while the EU is contributing 12 million euros. Startups and investments in Nupharo Park will be eligible for more than 800 million euros in EU grants and soft loans for investment, research, labor costs and marketing between now and 2020.

A focus of the park’s activities will be to nurture new power options through DC applications, an area of interest for ABB, which pioneered technologies that made conversion between AC and DC systems possible. ABB was the first to commercialize long distance high-voltage DC power transmission, and is now applying DC to medium- and low-voltage applications in electric vehicle charging, power distribution systems on ships, in buildings and in data centers.

Additional focus areas will be developed based on the commercial interests of ABB and the other partners in the project.

ABB is participating in Nupharo Park through its venture capital unit, ABB Technology Ventures (ATV), established in 2009 to invest in strategically interesting early and growth stage companies. To date, investment areas include smart grid communications, cyber security for utilities, data center power optimization, tidal power and wind farm efficiency.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering / Artificial Intelligence Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Engineering / Artificial Intelligence articles,
CATCH Visitors via Your Competitors Announcements!


ABB is Founding Investor in Incubator for New Energy Technologies

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Malcolm Shearmur - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

Engineering / Artificial Intelligence via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ABB Robotics / ABB Ltd / Company Profile


Read Engineering / Artificial Intelligence Most Recent Related Newswires:

ABB Launches Next Generation Cobots to Unlock Automation for New Sectors and First-time Users
ABB Recognized as A Globally Leading Innovative Corporation
Global Augmented and Virtual Reality Market Expected to Reach 1.40 Billion by 2025 Finds Frost & Sullivan
Mitsubishi Power Lauded by Frost & Sullivan for Enabling Autonomous Plant Operations with its TOMONI™ Digital Solutions Portfolio
AI-based Platforms Transform the Global Water Sector Finds Frost & Sullivan
Leonardo will Develop the Diagnostic Infrastructures of the ITER Reactor and the Related Engineering Services
Data Analytics and Artificial Intelligence to Propel Smart Water and Wastewater Leak Detection Solutions Market Finds Frost & Sullivan
NEC Releases 'WISE VISION Endoscopy' in Europe and Japan
DSM and TU Delft Establish Artificial Intelligence Laboratory to Drive Bioscience Innovation
SAS Acquires Boemska to Accelerate AI Integration into Cloud Marketplace and Third-party Applications
Aizon Lauded by Frost & Sullivan for its AI-powered Platform that Enables Pharma Companies to Achieve Smart and Continuous Manufacturing
Cornerstone Innovation Lab Unites Data Scientists Across the Company to Advance AI in the Workplace
Thales Introduces Ready to Fly - A Portfolio of Solutions for A Safer & Healthier Travel Journey
Advanced Water Purification Technologies Promise to Deliver Clean and Safe Water to the Global Population Says Frost & Sullivan
Qualcomm Works to Support Chery JETOUR and Phoenix Auto Intelligence’s Advanced Digital Cockpit Experiences for Upcoming JETOUR Vehicles

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Sisvel





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)