Lisa Cook sues Trump over firing attempt, emergency hearing set
RICHMOND, VA - ABB, a global technology leader with a market capitalization of $105 billion and annual revenue of $32.9 billion, has formed an infrastructure partnership with Applied Digital for a 400 MW data center campus in North Dakota, according to a press release statement issued Wednesday.
The collaboration centers on implementing a new medium voltage power architecture using ABB’s HiPerGuard Medium Voltage Static Uninterruptible Power Supply (UPS) technology. Initial orders were booked in Q4 2024 and Q1 2025, though financial details were not disclosed. According to InvestingPro, ABB maintains a strong financial health rating of GOOD, with an EBITDA of $6.5 billion in the last twelve months.
The partnership covers complete design and development of the site’s electrical infrastructure. The companies report that switching from conventional low voltage to medium voltage power distribution and UPS systems allows data centers to scale more efficiently in 25 MW blocks while improving energy efficiency.
"What we are building with ABB is going to completely change the way our industry designs large-scale data centers," said Todd Gale, Chief Development Officer at Applied Digital.
Massimiliano Cifalitti, Smart Power President at ABB Electrification, stated that such partnerships are "accelerating the timeline for AI-ready data centers with more competitive, resilient power infrastructures."
The companies claim the medium voltage approach enables simpler installation with fewer parts and cabling, potentially increasing reliability. The solution reportedly offers higher energy efficiency through higher voltages, lower conversion losses and reduced heat generation.
Applied Digital (NASDAQ:APLD) develops and operates data centers for AI/ML, blockchain and high-performance computing workloads. ABB is listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). InvestingPro analysis suggests ABB is currently overvalued relative to its Fair Value, with the company scheduled to report its next earnings on July 17, 2025. Discover more detailed financial insights and exclusive ProTips about ABB’s market position with an InvestingPro subscription.
In other recent news, ABB Electrification Canada Inc. has expanded its operations by acquiring Bel Products Inc., a Canadian manufacturer specializing in enclosures for various sectors. This acquisition is part of ABB’s strategy to increase its presence in the North American enclosures market, which is experiencing significant growth due to rising demand in data centers and electrical industries. Financial details of the acquisition were not disclosed. Bel Products will continue its operations from its Montreal manufacturing base and Terrebonne warehouse. Khalid Mandri, President of ABB’s Installation Products Division, described the acquisition as a strategic step to align with the company’s growth objectives. Mike Shenouda, ABB’s Canada Region Leader, highlighted the synergies between ABB’s technological strengths and Bel Products’ market expertise. The acquisition is expected to enhance ABB’s product offerings and manufacturing capabilities, allowing the company to better meet the growing demand for electrical enclosure solutions in North America.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.