ABB is a Swiss-Swedish multinational corporation specialising in
high performance/low environmental impact power and automation
technologies. ABB is a shareholder in Aquamarine Power
through its venture capital arm, ABB Technology Ventures.
ABB Technology Ventures made an £8 million investment in
Aquamarine Power in November 2010, giving our company access to
ABB's technical, research and engineering expertise and its global
supply chain network.
The ABB Group operates in around 100 countries and employs about
145,000 people making it one of the world's leading power and
automation technology companies.
ABB is represented on our Board of Directors by Gary Steel, Head
of Human Resources at ABB and member of the ABB Group's Executive
Committee top management team and by Girish Nadkarni, Head of ABB
Wave energy is primed to become an important part of the world's renewable energy portfolio. ABB's investment in Aquamarine Power reflects our belief in wave power's technical viability, and our confidence in Aquamarine Power's technology and its management team.Girish Nadkarni, Head of ABB Technology Ventures