Major engineering and technology firms Worley, ABB and IBM have signed a memorandum of understanding (MoU) to collaborate on green hydrogen solutions, intending to create an "end-to-end" service for energy companies.
Swiss group records 91% plunge in Q2 2019 figures released two weeks after accepting to cough up US$470m for a buyer to take on its solar inverter business.
Zurich firm cites bleak outlook of global inverter segment as it moves to offload liability-ridden unit to Italian group FIMER, in return for hefty compensation.
Inverter manufacturer ABB has launched a blockchain pilot to examine how the technology could boost the role of solar in peer-to-peer energy trading and smart grids.