The company has entered into a new partnership with the Millennium Technology Prize, a global technology award, to highlight the critical role of science, innovation and technology in the well-being and sustainability of society and the environment.
Since 2004, the Millennium Technology Awards have been presented to groundbreaking technological innovations that have benefited millions of people around the world. With a value of €1 million, the prize is one of the largest of its kind worldwide and is awarded every two years by the independent foundation Finland Institute of Technology.
The 2020 awards will be presented on May 18, 2021. Previous winners include United Kingdom computer scientist Sir Timothy John Berners-Lee, the most famous inventor of the World Wide Web, Shuji Nakamura of Japan as inventor of blue and white LEDs, and Michael Grätzel of Switzerland as inventor of dye-sensitized solar cells.
"ABB has the same purpose as the Millennium Technology Prize. We all want to push the boundaries of technology and believe that through science, innovation and technology, we can solve the problems that lie ahead of us and create a more prosperous and sustainable future," said Björn Rosengren, CEO of ABB.
Markku Ellilä, CEO of the Technical Institute of Finland, said: "We are very proud of our partnership with ABB, and by working together, we can raise awareness of breakthrough innovations and innovators who are driving the development of sustainable technologies. ”
As part of its commitment to innovation, ABB has invested heavily in R&D, and by 2020, the company increased its R&D and digital spending to 4.8% of the group's revenue, equivalent to approximately $1.3 billion. The company employs around 7,000 R&D engineers worldwide, more than 60% of whom focus on software development and digitalization.
In addition, the company continues to work with more than 100 leading universities around the world. ABB collaborates with Carnegie Mellon University and Stanford University in United States, University of British Colombia in Canada, Imperial College London in United Kingdom, Institute of Technology in India, Tsinghua University in China, Royal Institute of Technology in Sweden and ETH Zurich in Switzerland.
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ABB is powering Korea's first domestic zero-emission ferry
ABB has signed a contract with Haimin Heavy Industries Shipyard to provide complete power and propulsion solutions for the Busan Port Authority's first all-electric passenger vessel
The new ferry is the first commitment by the Korea authorities to a plan to replace 140 state-owned conventionally powered vessels by 2030 in line with environmental legislation.
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ABB opens a global innovation and training campus for machine automation in B&R, Austria
The new campus serves as ABB's global R&D center for machine and factory automation, artificial intelligence and software solutions
Global Innovation Centers have significantly expanded to include OEMs, manufacturers, start-ups, research and educational institutions
ABB's headquarters in Egersberg, Austria, ...
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ABB's Terra 184 charger supports the modernization of Japan's EV charging infrastructure
High-power compact chargers will be spread all over the country, providing users with fast and convenient charging options anytime, anywhere
ABB's new Terra 184 EV charger has been selected by Japan's e-Mobility Power Co., Inc. (eMP) to achieve ...
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ABB opens new global R&D center to accelerate innovation in electric vehicles
ABB's EV Innovation Lab will house 120 experts working on next-generation solutions, demonstrating its market leadership in EV charging infrastructure
The $10 million, 3,600 m2 facility is located at the Delft University of Technology in the Netherlands.
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ABB Formula E Race 100 showcases sustainability in Seoul
The ABB FIA Formula E World Championship will be held in Korea for the first time
Smart buildings can help improve efficiency and meet sustainability goals
Highlight the shift in robotics and how it's being used
The latest video from ABB's FIA Girls on Track series
This weekend, A...
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ABB: Our path forward
ABB will host an investor webcast today (June 10) at 14:00 CEST, where CEO Björn Rosengren will present his initial impressions of the group's strategy since joining the company at the beginning of the year, as well as details about his current priorities.
The focus will be on the package ...
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ABB lists Accenture as a digital development partner
The company deepens long-standing and successful partnerships to invent smart and connected solutions
ABB today announced that Accenture has become one of its global development partners for digital solutions. The partnership will build on ABB's expertise in transforming digital processes in the industry and...
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Autonomous collision avoidance is successful! ABB's digital technology enhances the ability of autonomous ship operation
The 1Maju 510 tugboat successfully passed sea trials in Singapore, verifying the autonomous collision avoidance capability of ABB Ability's™ ship situational awareness technology
2Keppel Offshore & Marine developed a tugboat that became the first in the industry to be awarded the title of United States Bureau of Shipping (ABS) and Singapore Maritime and Port Management.
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Insight into the market! ABB predicts three major trends to lead the transformation of the field of robotic automation!
Guide
1. In the post-epidemic era, the rapid growth of robot applications in new fields such as logistics and retail will continue, especially in the field of electric vehicles.
2. This growth will put forward new requirements for personnel skills, and relevant education and training are indispensable.
3. ABB's new robotics business unit ...
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ABB and Metsä Fiber sign an agreement to supply electrification and drive technology for a new bioproduct mill in Finland
ABB and Metsä Fibre, part of the Metsä Group, have now signed a binding start-up agreement under which ABB Finland will supply Metsä Fibre's bioproduct mill in Kemi, northern Finland with electrification and drive skills solutions.
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A detailed introduction to ABB's protective clothing for heated robots
In modern industrial production, robots have become indispensable assistants. However, working with robots also comes with some potential risks, especially in hot environments. In order to protect the safety and health of workers, ABB has introduced an innovative protective suit for heated robots.
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Introduction to ABb soft starters
ABB's soft-start prevents the motor from being energized, thus extending the life of the motor. When the motor is started by the traditional starting method, the starting stress is large, and the starting current can be optimized by using the soft starting method. Built-in a variety of motor protection devices, which can effectively ensure the safety of motor operation. ABB's soft boot ...
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ABB Robotics develops solutions for the hospital of the future
ABB will install advanced collaborative robots for medical laboratories and hospitals, starting with a new medical center at Texas Medical Center in Houston, United States, in October
The new facility at Texas Medical Center's Innovation Campus focuses on non-surgical medical robot systems
By 2025, the global business ...
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Small size, big ability! ABB's smallest robot in history, the IRB 1010, is new!
New product launches
The launch of the new IRB 1010 robot is designed to meet the growing consumer demand for wearable smart devices
Compared with similar products, the load is increased by 50% to 1.5kg. At the same time, it has leading precision, which will further contribute to high-quality production
Featuring OmniCore™...
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ABB plans to initiate a buyback of new shares after the completion of the initial program
A follow-up share repurchase program is expected to begin in April 2021 and continue through the 2022 Annual General Meeting.
ABB has completed its initial share repurchase program, which was launched in July 2020, as part of the company's commitment to return cash proceeds from the divestment of the power grid of $7.6 billion to $7.8 billion.
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ABB launches the game-changing ABB Ability™ eMine for a quick transition to an all-electric mine
eMine™ encompasses purposeful approaches, methodologies, and an integrated portfolio of electrification and digital systems designed to accelerate the decarbonization of the mining industry
ABB is also piloting ABB Ability™ eMine FastCharge, the world's fastest and only fully automated trailer charging system that offers high...
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Cables, components, and critical space exploration
ABB supplied Ty-Rap™ cable ties for the NASA Mars 2020 Perseverance Rover Mission.
As NASA's Mars Perseverance rover begins exploration of its new planetary home after landing on February 18, 2021, it operates with the world's most advanced ...
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Brilliant Enlightenment | The ABB Robotics Gigafactory was officially put into operation
On December 2, ABB held a commissioning ceremony in Kangqiao, Pudong, Shanghai, announcing the official opening of its leading robotics gigafactory.
● ABB invested US$150 million in a new robot factory covering an area of 67,000 square meters
● New production facilities and open innovation in collaboration with customers ...
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ABB Formula E takes high in Mexico City
The fourth round of the sixth season of the ABB Formula E Championship returns
From production to infrastructure, ABB's groundbreaking technologies are supporting the country's focus on more sustainable mobility
The ABB FIA Formula E Championship will return to Autódromo Hermanos Rodríguez in Mexico City ...
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ABB wins major power and propulsion orders for five Fincantieri vessels
To strengthen its position as a preferred supplier to the cruise industry, ABB will equip five new-build vessels with the Azipod® electric propulsion system, which has been proven to significantly reduce fuel consumption on board.
Each cruise ship will be powered by twin Azipod® units, making five newfound ...
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