Hitachi ABB Power Grids launches EconiQ™

– exceptional solutions forthe environment

The EconiQ portfolio of products, services and solutions contribute towards a carbon neutral-future andaccelerate the green energy transition.

DUBAI – April 21, 2021– Hitachi ABB Power Grids today launched EconiQ™–itsportfolio of products, services and solutions that are proven to deliver exceptional environmental performance.With EconiQ, the global technology and market leader isreinforcing its commitment towards a carbon-neutral energy future.

Hitachi ABB Power Gridshas pioneered many of the world’s technological breakthroughs in the transmission and distribution of power as the partner of choice for enabling a stronger, smarter and greener grid. The business has beenconsistently investing to address the growing demand for eco-efficient solutions from its customers and partners.This demandis closely connected with the decarbonization goals combined with the increase in global electricity consumption,which the business has predicted will more than double from 20 percent (today) to over 40 percent of total energy demand by 20501.

Hitachi ABB Power Grids’ EconiQ portfolio issustainability-oriented in design todeliver a superior environmental performance compared to conventional solutions.Its High Voltage Products business today announced the use of a gamechanging alternative insulation gas for high-voltage equipment, accelerating the adoption of an eco-efficientindustry standard solution tosulfur hexaflouride (SF6). Containing no SF6, the EconiQhigh-voltage portfolio supercedes the business’ AirPlus products andhas been proven to more than halve CO2equivalent emmisions throughout the total lifecycle2.

“Together with our customers and partners, we are co-creating innovative solutions for accelerating the transition towards a sustainable energy future,” said Claudio Facchin, CEO, Hitachi ABB Power Grids. “Now more than ever, pioneering technologies such as the EconiQ eco-efficient portfolio are needed to move towards a carbon-neutral energy system.”

EconiQ is Hitachi ABB Power Grids’ eco-efficient portfolio for sustainability where products, services and solutions are proven to deliver exceptional environmental performance. At the forefront of sustainable innovation, Hitachi ABB Power Grids is powering good for a sustainable energy future.

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1 Hitachi ABB Power Grids study based on reports by IEA, BP, BNEF, DNVGL, Exxon mobile, Total, Shell, Irena, McKinsey, IPR.

2 Hitachi ABB Power Grids uses Life Cycle analysis to measure the environmental performance of its EconiQ portfolio

About Hitachi ABB Power GridsLtd.

Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy storage and data centers. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values. It is committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid. https://www.hitachiabb-powergrids.com