ABB to Invest $200 Million to Expand Medium-Voltage Equipment Production in Europe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Source: Newsfilter
- Significant Investment: ABB announced a $200 million investment over three years to expand its medium-voltage grid equipment production in Europe, aimed at meeting the rising power demand from data centers, electric vehicles, and industry.
- New and Expanded Facilities: The investment includes $100 million for a new factory in Dalmine, Italy, and another $100 million to expand existing plants in Bulgaria, Finland, Germany, Norway, and Poland, enhancing production capacity.
- Capacity Increase: This investment is expected to boost ABB's European production capacity for medium-voltage products by 50% to 300%, creating approximately 800 jobs, reflecting the company's proactive response to market demand.
- Long-term Market Trends: ABB indicated that the increase in electricity demand is not a short-term trend but is driven by long-term factors such as the construction of data centers, increased electric vehicle usage, and industrial decarbonization, with electricity projected to account for nearly 30% of final energy use by 2030.
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Analyst Views on E
Wall Street analysts forecast E stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 52.310
Low
17.45
Averages
18.45
High
19.45
Current: 52.310
Low
17.45
Averages
18.45
High
19.45
About E
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. The Company's segments include Exploration & Production, Gas & Power, and Refining & Marketing. Its Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations in over 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana and Mozambique. Its Gas & Power segment engages in supply, trading and marketing of gas, LNG and electricity, international gas transport activities and commodity trading and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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