ABB invests in Gridcog's digital platform to scale next-generation energy projects

• ABB invests in Gridcog which provides a digital platform for next-generation modeling of complex microgrids, distributed energy resources (DERs) and energy-as-a-service solutions for utilities, independent power producers and commercial & industrial customers
• Partnership helps customers adopt energy efficient solutions by designing, comparing and validating complex energy projects faster, with clear visibility on both financial performance and carbon impact
• Gridcog's software combined with ABB's advisory and engineering services will accelerate the shift toward integrated, service-led energy solutions for commercial and industrial customers

ZURICH, July 14, 2026 /PRNewswire/ -- ABB has made a strategic minority investment in UK-based startup Gridcog to accelerate advanced modelling capabilities supporting the deployment of renewable generation and storage, industrial microgrids, distributed energy resources (DERs), alternative energy procurement strategies and energy-as-a-service solutions.

This partnership will help ABB's customers design, compare and validate complex energy projects with clear visibility on both cost and carbon impact from the earliest stages. The financial terms have not been disclosed.

As electrification accelerates and renewables pass one-third of global power generation, energy systems are becoming more complex, driving demand for flexible, decentralized energy resources that require deeper technical, financial and environmental analysis.

Gridcog's software platform enables rapid scenario modelling, design and simulation to support more consistent and transparent business cases for renewable and energy transition projects across different geographies, energy markets and asset types. The platform helps quantify both financial performance and carbon emissions impact, supporting commercial and industrial customers in building credible and data-driven net-zero roadmaps.

Stuart Thompson, President of ABB's Electrification Service division, said: "By combining Gridcog's modeling capabilities with our energy advisory and microgrid engineering expertise, we can help customers move faster from concept to implementation, as they adopt innovative technologies and business models to support their energy management goals. Together, ABB and Gridcog will focus on helping customers navigate an increasingly complex and constantly evolving energy landscape, reduce emissions and unlock more value from distributed energy resources, while supporting ABB's growth in digital, energy advisory and service-led business models."

As the latest addition to ABB's growing innovation ecosystem, the collaboration with Gridcog strengthens ABB's ability to connect software, hardware and services into more integrated as-a-service offerings. It is targeted at commercial and industrial customers seeking alternative technology solutions that deliver both economic and sustainability benefits.

Fabian Le Gay Brereton, Gridcog's CEO, said: "ABB's investment is a strong signal of how critical advanced modelling has become in managing the dynamic nature of the energy ecosystem. At Gridcog, we are focused on giving customers the clarity they need to make confident decisions about complex energy systems. Together with ABB, we can help businesses move faster from idea to implementation, with a clear view of both the financial case and the carbon impact."

ABB is leading this funding round and is joined by AXPO, DNV and Verbund Ventures. At the same time, Albion and Clean Energy Finance Corporation maintain their presence as key shareholders.

This investment through ABB Electrification Ventures, the venture capital arm of ABB's Electrification business area, is a key addition to ABB's venture capital investments, reflecting the company's commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency, and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 16 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2010, ABB's venture capital unit, ABB Ventures, has invested around $500 million into startups that are aligned with its electrification, automation and motion portfolio.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

About Gridcog

Gridcog is the trusted platform for modelling energy flexibility. It gives energy professionals developing, investing in and operating the projects driving the energy transition one complete and transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation across the full project lifecycle. Originally founded in Australia and now with offices in London, Berlin, Madrid, Perth and Melbourne, Gridcog supports project developers, investors, utilities, energy majors and consultants worldwide. www.gridcog.com

For more information, please contact: 

Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
8050 Zurich 
Switzerland

ZURICH, July 14, 2026 /PRNewswire/ -- ABB has made a strategic minority investment in UK-based startup Gridcog to accelerate advanced modelling capabilities supporting the deployment of renewable generation and storage, industrial microgrids, distributed energy resources (DERs), alternative energy procurement strategies and energy-as-a-service solutions.

This partnership will help ABB's customers design, compare and validate complex energy projects with clear visibility on both cost and carbon impact from the earliest stages. The financial terms have not been disclosed.

As electrification accelerates and renewables pass one-third of global power generation, energy systems are becoming more complex, driving demand for flexible, decentralized energy resources that require deeper technical, financial and environmental analysis.

Gridcog's software platform enables rapid scenario modelling, design and simulation to support more consistent and transparent business cases for renewable and energy transition projects across different geographies, energy markets and asset types. The platform helps quantify both financial performance and carbon emissions impact, supporting commercial and industrial customers in building credible and data-driven net-zero roadmaps.

Stuart Thompson, President of ABB's Electrification Service division, said: "By combining Gridcog's modeling capabilities with our energy advisory and microgrid engineering expertise, we can help customers move faster from concept to implementation, as they adopt innovative technologies and business models to support their energy management goals. Together, ABB and Gridcog will focus on helping customers navigate an increasingly complex and constantly evolving energy landscape, reduce emissions and unlock more value from distributed energy resources, while supporting ABB's growth in digital, energy advisory and service-led business models."

As the latest addition to ABB's growing innovation ecosystem, the collaboration with Gridcog strengthens ABB's ability to connect software, hardware and services into more integrated as-a-service offerings. It is targeted at commercial and industrial customers seeking alternative technology solutions that deliver both economic and sustainability benefits.

Fabian Le Gay Brereton, Gridcog's CEO, said: "ABB's investment is a strong signal of how critical advanced modelling has become in managing the dynamic nature of the energy ecosystem. At Gridcog, we are focused on giving customers the clarity they need to make confident decisions about complex energy systems. Together with ABB, we can help businesses move faster from idea to implementation, with a clear view of both the financial case and the carbon impact."

ABB is leading this funding round and is joined by AXPO, DNV and Verbund Ventures. At the same time, Albion and Clean Energy Finance Corporation maintain their presence as key shareholders.

This investment through ABB Electrification Ventures, the venture capital arm of ABB's Electrification business area, is a key addition to ABB's venture capital investments, reflecting the company's commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency, and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 16 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2010, ABB's venture capital unit, ABB Ventures, has invested around $500 million into startups that are aligned with its electrification, automation and motion portfolio.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

About Gridcog

Gridcog is the trusted platform for modelling energy flexibility. It gives energy professionals developing, investing in and operating the projects driving the energy transition one complete and transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation across the full project lifecycle. Originally founded in Australia and now with offices in London, Berlin, Madrid, Perth and Melbourne, Gridcog supports project developers, investors, utilities, energy majors and consultants worldwide. www.gridcog.com

For more information, please contact: 

Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
8050 Zurich 
Switzerland

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

ABB invests in Gridcog's digital platform to scale next-generation energy projects

ABB invests in Gridcog's digital platform to scale next-generation energy projects

• 4 in 10 people say real connection has become harder with age, but Velo & Tomorrowland believe the dancefloor offers a powerful antidote
• New research** reveals that the dance floor is where we find 'our people', with friendships made at live music events being  deeper and more genuine

LONDON, July 14, 2026 /PRNewswire/ -- Velo, the leading nicotine pouch brand in Europe*** made for true originals, today launches "Echoes of Tomorrowland" - a global network of live events and synchronised livestreams that bring the magic of Tomorrowland to fans around the world.

With many fans unable to attend Tomorrowland in person, Velo is bringing the festival's energy, culture, and community beyond the borders of Belgium. Through connected "Echo" events in Ibiza and others – featuring live stages, synchronised streams, and DJ sets –  "Echoes of Tomorrowland" creates a unique space and opportunity for dance music fans to fully express themselves and experience something new together.

The main "Echo" will see Velo taking over the Tomorrowland Store in Ibiza for one night only (Friday 17^th July). Recreating the vibrant atmosphere of the main stage in Belgium, the event will feature a live set from DJ headliner, Korolova, alongside a real-time broadcast from Tomorrowland. Fans in Ibiza can sign up to attend* via this link, or via a QR code at the door on the night.

The campaign is backed by new research** that highlights the growing need for shared experiences. Almost two in five adults (39%) say building meaningful connections has become harder with age. This is driven by a range of factors, including difficulty in finding people with the same interests (28%), feeling awkward (27%) fear of rejection (24%), and a fear of being judged (21%).

Velo and Tomorrowland believe the antidote to this isolation lies on the dancefloor. Electronic music remains one of the most powerful tools for breaking down walls and uniting communities; when the beat drops, self-consciousness fades, and genuine friendships are born.

The new research** further backs this up, with almost a third (30%) saying the dancefloor is where they feel most able to show up as their authentic selves and "dance like nobody's watching". This leads to meaningful connections, with 27% of 25-35 year olds agreeing that friendships made at live music or cultural events are more genuine than those formed in other social settings.

Korolova who will headline the flagship "Echoes of Tomorrowland" event in Ibiza at the Tomorrowland Store on 17^th July, shared: "What makes Tomorrowland so special isn't just the stages or the production, it's the people. There's a real sense of connection when people from all over the world come together through music. Echoes of Tomorrowland gives fans who can't be in Belgium the chance to experience that feeling in their own way. I'm excited to bring that energy to Ibiza and celebrate with everyone joining us there and around the world through the livestream."

Malky Brown, Global Head of Content & Partnerships at BAT, adds: "Tomorrowland has built one of the most powerful communities in music – and with Echoes, Velo is opening that up to even more people, giving them a space to truly live original and connect through shared experiences – all to the beat of dance music."

Velo's "Echoes of Tomorrowland" campaign invites fans of dance music everywhere to let down their guards and embrace their own originality with likeminded people.

For more information and to discover more about Velo, please visit @velo.global.

*For +18 nicotine consumers only. This product contains nicotine and is addictive.

** 2009 Nicotine users (Aged 18+), who have used nicotine products for at least the past six months and are currently at least weekly users of nicotine products across the UK, Spain, Pakistan, Poland, and Austria. Research conducted between 16.06.2026 - 22.06.2026.

*** Based on Velo estimated volume share in measured retail in the following key nicotine pouch markets in Europe: Sweden, Denmark, UK, Poland and Switzerland, calculated for the year 2025.

 

LONDON, July 14, 2026 /PRNewswire/ -- Velo, the leading nicotine pouch brand in Europe*** made for true originals, today launches "Echoes of Tomorrowland" - a global network of live events and synchronised livestreams that bring the magic of Tomorrowland to fans around the world.

With many fans unable to attend Tomorrowland in person, Velo is bringing the festival's energy, culture, and community beyond the borders of Belgium. Through connected "Echo" events in Ibiza and others – featuring live stages, synchronised streams, and DJ sets –  "Echoes of Tomorrowland" creates a unique space and opportunity for dance music fans to fully express themselves and experience something new together.

The main "Echo" will see Velo taking over the Tomorrowland Store in Ibiza for one night only (Friday 17^th July). Recreating the vibrant atmosphere of the main stage in Belgium, the event will feature a live set from DJ headliner, Korolova, alongside a real-time broadcast from Tomorrowland. Fans in Ibiza can sign up to attend* via this link, or via a QR code at the door on the night.

The campaign is backed by new research** that highlights the growing need for shared experiences. Almost two in five adults (39%) say building meaningful connections has become harder with age. This is driven by a range of factors, including difficulty in finding people with the same interests (28%), feeling awkward (27%) fear of rejection (24%), and a fear of being judged (21%).

Velo and Tomorrowland believe the antidote to this isolation lies on the dancefloor. Electronic music remains one of the most powerful tools for breaking down walls and uniting communities; when the beat drops, self-consciousness fades, and genuine friendships are born.

The new research** further backs this up, with almost a third (30%) saying the dancefloor is where they feel most able to show up as their authentic selves and "dance like nobody's watching". This leads to meaningful connections, with 27% of 25-35 year olds agreeing that friendships made at live music or cultural events are more genuine than those formed in other social settings.

Korolova who will headline the flagship "Echoes of Tomorrowland" event in Ibiza at the Tomorrowland Store on 17^th July, shared: "What makes Tomorrowland so special isn't just the stages or the production, it's the people. There's a real sense of connection when people from all over the world come together through music. Echoes of Tomorrowland gives fans who can't be in Belgium the chance to experience that feeling in their own way. I'm excited to bring that energy to Ibiza and celebrate with everyone joining us there and around the world through the livestream."

Malky Brown, Global Head of Content & Partnerships at BAT, adds: "Tomorrowland has built one of the most powerful communities in music – and with Echoes, Velo is opening that up to even more people, giving them a space to truly live original and connect through shared experiences – all to the beat of dance music."

Velo's "Echoes of Tomorrowland" campaign invites fans of dance music everywhere to let down their guards and embrace their own originality with likeminded people.

For more information and to discover more about Velo, please visit @velo.global.

*For +18 nicotine consumers only. This product contains nicotine and is addictive.

** 2009 Nicotine users (Aged 18+), who have used nicotine products for at least the past six months and are currently at least weekly users of nicotine products across the UK, Spain, Pakistan, Poland, and Austria. Research conducted between 16.06.2026 - 22.06.2026.

*** Based on Velo estimated volume share in measured retail in the following key nicotine pouch markets in Europe: Sweden, Denmark, UK, Poland and Switzerland, calculated for the year 2025.

 

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

VELO* AND TOMORROWLAND LAUNCH "ECHOES OF TOMORROWLAND" TO BRING THE MUSIC FESTIVAL EXPERIENCE TO FANS AROUND THE WORLD