ABB is further expanding its existing relationship with Pratexo, a US-based edge-to-cloud platform company. ABB and Pratexo are jointly developing next-generation digital analytics solutions that enable a deeper understanding of complex power systems to achieve maximum resilience and reliability. These solutions utilize advanced, real-time data analytics of electrical infrastructure to improve reliability, safety, and profitability in industrial operations. “This new investment in Pratexo aims to create greater customer value through digital technology that delivers valuable data and insights to improve operational efficiency and sustainability,” said Stuart Thompson, president of ABB’s Electrification Services division. “Our ongoing collaboration with Pratexo is providing customers with advanced electrical asset management, enabling real-time data processing and faster decision-making at the data source.”.
ABB's second investment in Pratexo will enable the joint development of innovative digital solutions that allow for the early detection of potential problems, preventing unexpected failures, reducing downtime, and extending the lifespan of critical assets. This will allow customers in the utilities, industrial, and infrastructure sectors to better balance energy supply and demand for efficient, real-time energy distribution. This not only improves the reliability of their energy supply but also contributes to a more sustainable and efficient energy system.
“Since its initial investment, Pratexo has continued to deepen its relationship with ABB,” said Blaine Mathieu, CEO of Pratexo. “We have now moved beyond technology exploration and knowledge transfer and entered directly into a process of co-creating digital solutions that ABB will launch in 2025 and beyond.” As part of the investment, ABB will now hold a full seat on Pratexo’s board of directors, which will be filled by Eric Deschenes, global sales and marketing director of ABB Electrification Service.
