Datacenter electrification
ABB
A Swiss electrification and automation major. It supplies datacenter intelligent power distribution, backup power, DC distribution and cooling, with ~40% of its electrification research aimed at next-gen datacenters. It co-develops 800VDC 1MW rack power architecture with NVIDIA and supplied VoltaGrid 27 synchronous condensers for grid stability. With Eaton and Schneider, an electrification axis.
Business categories Grid Equipment & Automation · Power & Grid · primary Data Center Power & Cooling · AI Compute Infrastructure
ABBN.SW Updated Sep 24, 2026 5 AI consumers· 4 recurring
Per the valuechain.wiki graph, ABB is directly linked to 6 companies (0 supply, 6 revenue relationships) and reaches 41 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-09-24).
Financials & Segments
- Total revenue · $33.2bn (FY2025, +9%)
- Customer concentration · Datacenter power demand 220GW by 2030; NVIDIA 800VDC co-dev. NVIDIA 800VDC co-dev; intelligent distribution.
- Segments · Electrification (datacenter) · Automation/robotics
Revenue from
- Carnival Corporation High confidence· Count 15 years · agreement signed 2023 · Term of the Azipod XO propulsion maintenance agreement
ABB provides maintenance, critical-spares management, and remote condition monitoring for Azipod XO electric propulsion systems across Carnival vessels under an agreement signed in 2023 for a 15-year term.Confirms EN ABB Published Oct 31, 2023: ABB and Carnival Corporation sign strategic partnership for Azipod propulsion services - NVIDIA High confidence
Co-develops the 800VDC 1MW rack power architecture with NVIDIA — a strategic relationship pre-empting the next-gen datacenter power standard, central to ABB's electrification demand visibility.Confirms EN Automation.com Published Oct 1, 2025: ABB and VoltaGrid: stable datacenter power (27 synchronous condensers) - Hyperscalers · data centers (electrification) High confidence
Hyperscalers and data centers source intelligent distribution, backup, DC distribution and grid stability — the core demand where ABB sells the AI-power bottleneck as a system.Confirms EN Automation.com Published Oct 1, 2025: ABB and VoltaGrid: stable datacenter power (27 synchronous condensers) - Industrial · robotics · utilities Medium confidence
Industry and utilities source automation, robotics and power equipment — a diversification revenue tied to the broader cycle beyond data centers. - Amazon Medium confidence
Amazon (AWS) sources datacenter electrification — a power-demand point in AI-infrastructure buildout. - Microsoft Medium confidence
Microsoft sources datacenter electrification and distribution — a point where hyperscaler capex transmits into ABB demand. - Consolidated Edison, Inc. Medium confidence
ABB upgraded a critical Con Edison substation in New York City with digital equipment and installed 420 kV PASS hybrid switchgear, while the contract value was not disclosed.Confirms EN ABB Published Mar 14, 2017: ABB digitalizes critical substation in New York City to improve power supply - Dover Corporation Medium confidence
ABB supplies the high-power and fast EV chargers that Dover Fueling Solutions added to its European fuel-retail portfolio and integrated with its existing POS systems, but the value of ABB hardware procurement was not disclosed.Confirms EN PR Newswire Published Jul 17, 2019: Dover Fueling Solutions Announces Cooperation with ABB for Electric Vehicle Charging
Pays to
- components · manufacturing & capacity expansion (undisclosed) Low confidence
Power-equipment parts, manufacturing and capacity. - Raw materials · logistics (undisclosed) Low confidence
Copper, steel, electronics and logistics.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Dell Technologies | lead2 | +51.2 | -26.6 | +95.9 | +53 | +11.2 | +320.2 |
| Lenovo | lead2 | -4.6 | -20.9 | +36.2 | +18.2 | -0.6 | +274.8 |
| ASUSTeK Computer | lead2 | +35.5 | -12.9 | +72 | +41.1 | -14.1 | +119.8 |
| Hewlett Packard Enterprise | lead2 | +37.4 | +4.5 | +9.7 | +29.1 | +15.5 | +118.5 |
| Wiwynn | lead2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +92.3 |
| Cloudflare | lead2 | +73 | -65.6 | +84.2 | +29.3 | +83.1 | +83.1 |
| Gigabyte Technology | lead2 | +82.3 | -3.4 | +173.2 | -15.9 | -4.7 | +61.6 |
| Aurora Innovation | lead2 | · | -89.3 | +261.2 | +44.2 | -39 | +51.8 |
| Wistron | lead2 | +7.9 | +9.7 | +272.7 | -1.6 | +22.7 | +49.7 |
| TeraWulf | lead2 | +77.1 | -95.5 | +258.2 | +135.8 | +103 | +43.7 |
| Super Micro | lead2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +43 |
| Celestica | lead2 | +37.9 | +1.3 | +159.8 | +215.2 | +220.3 | +22.5 |
| Quanta Computer | lead2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +21.2 |
| Tempus AI | lead2 | · | · | · | · | +74.9 | +20.1 |
| IREN | lead2 | · | -92.3 | +472 | +37.3 | +284.6 | +18.3 |
| SK Telecom | lead2 | +7.9 | -12 | +15.8 | +15.5 | +37.5 | +18 |
| Foxconn (Hon Hai) | lead2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +16.3 |
| Mercury Systems | lead2 | -37.5 | -18.7 | -18.3 | +14.8 | +73.8 | +12.9 |
| Amazon | lead2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| Alphabet (Google) | lead2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +8.3 |
| Microsoft | lead2 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| General Motors | lead2 | +40.8 | -42.4 | +7.9 | +49.8 | +54.2 | +2.4 |
| Yum! Brands | lead2 | +30.1 | -6 | +3.9 | +4.7 | +14.9 | +0.6 |
| Geely Auto | lead2 | -40.8 | -22.9 | -40.3 | +98.5 | +14.5 | -3.5 |
| Meta Platforms | lead2 | +23.1 | -64.2 | +194.1 | +66 | +13.1 | -6.4 |
| IonQ | lead2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Toyota Motor Corporation | lead2 | +58.1 | -13.4 | +63 | +1.8 | +21.8 | -14.3 |
| Tesla | lead2 | +49.8 | -65 | +101.7 | +62.5 | +11.4 | -14.9 |
| IBM | lead2 | +16.7 | +10.6 | +21.8 | +39.3 | +38.2 | -21.8 |
| Alibaba Group | lead2 | -49 | -25.8 | -10.8 | +11.8 | +75.8 | -22 |
| Oracle | lead2 | +36.9 | -4.6 | +30.9 | +60 | +18.1 | -26.5 |
| Tencent Holdings Limited | lead2 | -28.6 | -14.2 | -28.7 | +49.8 | +52.1 | -29.1 |
| Rigetti Computing | lead2 | · | -92.9 | +35.1 | +1449.2 | +45.2 | -31.4 |
| Hyundai Motor Company | lead2 | -16.7 | -4.7 | +16.2 | +12.3 | +158.8 | -34.2 |
| Kratos Defense | lead2 | -29.3 | -46.8 | +96.6 | +30 | +187.8 | -37 |
| Baidu | lead2 | · | -8.2 | -23.4 | -13.5 | +74.2 | -45.7 |
| Pony.ai | lead2 | · | · | · | · | +1 | -49.3 |
| NVIDIA | lead1 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.2 |
| Carnival Corporation | lead1 | -7.1 | -59.9 | +130 | +34.4 | +22.6 | -21.8 |
| ABB | node | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
YTD as of 2026-09-04 · source: Yahoo Finance
ABB operates across Datacenter electrification. It stayed steadily positive in recent years and is +18.4% in 2026. The stock (+18.4%) and its demand side (avg +13.2%) are moving in step. Among connected nodes the furthest ahead is NVIDIA (+23.7%) and the furthest behind is Microsoft (+4%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. With Eaton and Schneider, an electrification axis.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 0 · Hold 3 · Sell 0 · Avg. target CHF 72 · Price CHF 77.76 (09-04) · Upside -7%
Analyses covering this node
- Power is the next bottleneck: where the chain crosses into the clock of generation, transmission and cooling Jun 23, 2026
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