The former ABB Power Conversion division based in Plano, acquired this year for $505 million by AcBel Polytech Inc., unveiled a new identity, OmniOn Power, as part of an extensive rebranding initiative.
“Our company has been a leader in the power conversion industry for decades,” OmniOn Power President Jeff Schnitzer said in a statement. “Now, with our new owner and name, we’re energized about our future and well-positioned to continue to deliver innovative solutions that meet evolving power needs across the most critical industry landscapes.”
ABB Power Conversion’s decades-long history features roots in the telecommunications space as a part of Bell Labs and time spent as divisions within General Electric and ABB.
In July, Swiss engineering and tech company ABB sold its Plano-based U.S. Power Division for $505 million to Taiwan’s AcBel Polytech.
The company said the new name is a combination of “omni,” which means all things, and “on,” which refers to the unobstructed flow of power, the company said. The company said its new name reflects its commitment to providing leading technology, expertise, and partnership to help customers navigate their toughest power challenges and empower their businesses now and into the future.
As OmniOn, the company said it will continue its commitment to powering today’s most critical infrastructure.
Marking the moment in its story, OmniOn has issued a State of the Power Conversion Industry report.
In the reports, the company said it drew upon its unique positioning in the power conversion space, including access to subject matter experts, customer insights, and industry media coverage and data. Here are some important points from the report:
Sustainability factored into almost 25% of all global conversations analyzed regarding the power conversion industry.
5G technology has yet to meet expectations despite the hype of its benefits.
EVs are generating significant interest from consumers, but widespread adoption will hinge on improvements in battery performance, storage, charging infrastructure uptime, and energy efficiency.
Data centers continue to be associated with high energy use; therefore, the power conversion industry should focus on educating the public about the need to optimize data centers rather than oppose their use.
The report serves as an asset to understanding a rapidly changing industry powering the innovations of today and tomorrow. It is a resource that provides insight into the minds of engineers and decision-makers in the power conversion space.
“This report represents a comprehensive snapshot of the power conversion industry, and where players in the space should concentrate their efforts to better serve their customers,” Schnitzer said. “Sustainability and energy efficiency are clearly on the minds of consumers and will play a large part in the ways that the industry develops solutions to help power EVs, 5G infrastructure, and data centers in the future.”
Images courtesy of OmniOn.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.