) increased 1.5% on March 28, following the company's
announcement of receiving a contract from a leading Italian
multi-utility firm - ACEA (Azienda Comunale Elettricità e Acque)
- for developing a smart electricity distribution system in parts
Prior to this, ABB and ACEA had joined forces to conduct a
series of experiments on portions of electrical grids in Rome to
gain deeper insight into requirements of low and medium voltage
products in the city.
This contract requires ABB to provide medium voltage products
including advanced UniSec switchgear for smart grid applications
that would result in an improved and a consistent distribution
UniSec is designed to meet the increasing challenges in a
modern electrical plant. Also, ABB's Relion protection relays
that are incorporated in UniSec, control, measure and supervise
the whole power system. The complex system integrates the current
and voltage sensors for a smooth transmission from primary to
secondary distribution substations.
This system is based on the G.O.O.S.E. (Generic Object
Oriented Substation Event) control model that is compliant with
the international IEC61850 standard to enable monitoring and
control of the substations from a remote control center over a
The smart grid distribution systems prove to be a boon for
electricity consumers as these are adept in minimizing service
interruptions, outages and the average cut-down periods
significantly. Thus, it not only meets increasing requirements of
large urban cities but also reduces negative impacts on the
environment in an attempt to create a sustainable future.
ABB currently holds a Zacks Rank #4 (Sell). However, other
stocks in the power sector that are worth considering at the
Quanta Services Inc.
), all of which carry a Zacks Rank #2 (Buy).
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