8BVI0220HCS0000-1 ABB is spending $4 billion to develop the next generation of power distribution solutions
ABB said it has signed a loan agreement with the European Investment Bank to support research and development in its electrification business. The Swiss-based technology company said on Tuesday it would use the 500 million euro ($547 million, about 4 billion yuan) loan to fund research and development of next-generation power distribution solutions. ABB said…