News for Panel Builders

ABB has recently acquired a minority stake in North Carolina company DG Matrix to support the commercialization of solid-state power electronics for generative AI data centers and renewable microgrids. The company’s Power Router platform replaces conventional systems with an all-in-one solution that is up to five times smaller and has best-in-class energy efficiency of 98 percent. Financial details of the investment were not disclosed. As global electricity demand grows, legacy infrastructure must evolve to support the needs of AI data centers, smart industries, EV charging and the energy transition.

Recently, ABB announced that it will invest $120 million in the United States to expand the production capacity of its low voltage electrification products. The investment will enable ABB to meet increasing demand from customers in a wide range of key growth industries, including data centers, buildings and utilities. ABB expects to create 50 new jobs at a new advanced manufacturing facility in Selmer, Tennessee, and will double the size of its existing manufacturing site in Senatobia, Mississippi, creating 200 new jobs.