ZURICH — In a strategic move to champion sustainability and drive industrial electrification, ABB has announced a minority investment in Ndustrial, a cutting-edge clean technology startup based in the United States. Leveraging an AI-powered energy management platform, Ndustrial empowers businesses to make smarter, production-aware energy decisions in real-time, resulting in reduced operating costs, optimized energy consumption, and accelerated decarbonization efforts. The investment, facilitated through ABB Ventures, underscores ABB’s commitment to fostering innovation and advancing the energy transition, according to a press release published on EuropaWire.
Ndustrial’s innovative approach revolves around helping companies measure and reduce their energy intensity – the energy required for a pre-defined unit of output or activity. By integrating various data sources such as weather conditions, market rates, equipment performance, and industrial process outputs, Ndustrial’s platform enables companies to analyze, optimize, and predict their energy usage and costs per unit of production. This real-time decision-making capability, coupled with actionable insights and automated control, heralds a new era of energy management tailored to specific industries, facilities, or production lines.
Stuart Thompson, President of ABB Electrification Service, emphasized the strategic significance of the partnership with Ndustrial in accelerating decarbonization efforts for customers. By leveraging AI-powered predictions to optimize production, save energy, and reduce costs and emissions, ABB aims to drive sustainable transformation across industries while enhancing energy availability, resilience, and safety.
Ndustrial’s notable achievements include being recognized twice as one of the World’s Top 100 Energy & Climate Tech startups for their pioneering work in driving down energy intensity and promoting sustainable operations within industrial facilities. With over a decade of experience and a team comprising industrial engineers and software developers, Ndustrial is poised to make a tangible impact in accelerating the global energy transition.
John Crawford, Co-Founder and Chief Technology Officer of Ndustrial, highlighted the company’s commitment to delivering tangible benefits from machine learning optimizations, emphasizing the transformative potential of their energy management system. With ABB’s expertise and global reach, Ndustrial aims to scale its impact and drive meaningful change in industrial energy management.
To date, Ndustrial’s impact has been substantial, helping companies avoid over $100 million in energy costs over the past decade. One such success story includes Lineage, a global cold storage leader, which witnessed a 30 percent reduction in both energy costs and energy intensity over seven years, equivalent to powering 250,000 homes annually.
Mads Moeller, Head of ABB Electrification Ventures, underscored Ndustrial’s track record, technology platform, and experienced team, highlighting ABB’s commitment to supporting innovative companies driving industrial electrification and energy savings for customers.
As a technology leader in electrification and automation, ABB remains dedicated to shaping a more sustainable and resource-efficient future. The investment in Ndustrial represents a strategic step towards realizing this vision, as both companies collaborate to drive meaningful advancements in AI-powered energy management and industrial transformation.