Editing ABB (section)

=== Power Grids ===
The Power Grids business area offered components for the [[Electric power transmission|transmission]] and [[Electric power distribution|distribution]] of electricity, and incorporated ABB's manufacturing network for [[transformer]]s, [[switchgear]], [[circuit breaker]]s, and associated high voltage equipment such as [[Numerical relay|digital protective relays]]. It also offered maintenance services.{{Citation needed|date=December 2023}}

A key part of Power Grids' offering were [[turnkey]] systems and service for power transmission and distribution grids and for [[Power station|power plants]]; this included [[electrical substation]]s and substation automation systems, [[flexible AC transmission system]]s (FACTS), [[high-voltage direct current|high-voltage direct current (HVDC)]] systems, and network management systems. The division was subdivided into the four business units High Voltage Products, Transformers, Grid Automation and Grid Integration.{{Citation needed|date=December 2023}}

In 2010, ABB's North American headquarters in [[Cary, North Carolina]], announced a new partnership with Sensus of [[Raleigh, North Carolina]], to develop technologies to work together on smart grids.<ref>{{cite news |url = https://www.newspapers.com/clip/96626097/abb/ |title = ABB, Sensus Form Smart-Grid Team |work= The News and Observer |date = 24 March 2010 |pages = B4 |access-date = 28 February 2022 |via = [[Newspapers.com]]}}</ref>

During 2014, ABB formed a joint venture with [[Hitachi]] to provide HVDC system solutions in Japan.<ref>{{Cite news |title= ABB, Hitachi to tie up for HVDC power grid in Japan |work= The Economic Times |url= https://economictimes.indiatimes.com/industry/cons-products/electronics/abb-hitachi-to-tie-up-for-hvdc-power-grid-in-japan/articleshow/45533693.cms |access-date= 14 February 2022}}</ref>

In December 2018, ABB and Hitachi announced that the latter would take over ABB's entire Power Grids division in exchange for roughly $6.4 billion. Hitachi officially acquired 80.1% of the business in July 2020. Initially known as ''Hitachi ABB Power Grids'', the new Hitachi subsidiary was rebranded as [[Hitachi Energy]] in October 2021.<ref>{{Cite web |last= Ross |first= Kelvin |date= 13 October 2021 |title= Hitachi ABB Power Grids rebrands to Hitachi Energy |url= https://www.powerengineeringint.com/renewables/strategic-development/hitachi-abb-power-grids-rebrands-to-hitachi-energy/ |access-date= 14 February 2022 |website= Power Engineering International |language= en-US}}</ref> The transaction was one of Hitachi's biggest-ever deals, as it shifted focus to a higher-growth market for electricity networks.<ref>{{cite web |title= ABB: Shaping a leader focused in digital industries |url= https://new.abb.com/news/detail/12473/abb-shaping-a-leader-focused-in-digital-industries |access-date= 17 December 2018 |website= ABB Ltd}}</ref> Hitachi acquired the remainder of the company from ABB in 2022.

In July 2021, ABB confirmed the sale of its mechanical power transmission business, Dodge, to American company RBC Bearings Incorporated for $2.9bn.<ref>{{cite web |date=2021-07-26 |title=ABB to divest Mechanical Power Transmission division (Dodge) to RBC Bearings for $2.9 billion |website=ABB |url=https://new.abb.com/news/detail/80844/abb-to-divest-mechanical-power-transmission-division-dodge-to-rbc-bearings-for-29-billion}}</ref><ref>{{cite web |title=ABB: volting ambition bearing fruit in disposals |url=https://www.ft.com/content/67e52701-d04f-43b0-afee-b4440825d70b |website=Financial Times |date=26 July 2021}}</ref>