A study carried out earlier this year by the engineering company ABB reveals that more than 92% of companies believe that energy security and the price of electricity are the factors that most influence their decisions to invest.

“More than 92% of companies said that energy security and energy prices primarily influence their decisions to invest, financial performance, hiring decisions and R&D investment. In the last place are investments in decarbonization”, said Constantin Ichimoaei, Executive Manager at ABB Romania, at the 9th edition of the Energy Strategy Summit, an event organized by Energynomics.

The study was carried out on a sample of 2,300 companies from ten countries on all continents and in all fields of activity.

According to Ichimoaei, digitization is the answer to the current demands and challenges of the economy, be it the management of electricity networks, energy management or the installation of electricity storage solutions.

The ABB group, with annual revenues of 29 billion dollars, is active in more than 100 countries and has 105,000 employees and annually allocates investment budgets of more than one billion euros. A large part of these amounts is directed towards the training and specialization of employees, both through the conclusion of partnerships with prestigious universities and through courses held in factories and in the group’s research centers.

Energy Strategy Summit 2023 was organised by Energynomics with the support of ABB, ASTRASUN Solar, BCR, CEZ Romania, Eaton Electric, Electrica Furnizare, Electro Service RB, Elektra Renewable Support, EnergoBit, Enevo Group, E.ON, Finder, Huawei, MET România Energy, OMV Petrom, OX2 România, Phoenix Contact, Photomate, ProCredit Bank, REI Grup, Renomia Gallagher, Romgaz, Schneider Electric, Signify, Transelectrica, Taw Energy, Volt, WIKA, Wiren, Alexandrion Group, Aqua Carpatica, Klarmedia and Mobexpert.