In its continual efforts to enhance customer experience, ABB is investing in Lumin, the U.S.-based pioneer and leading provider of responsive energy management solutions, to bring new smart and sustainable technologies to homes in North America.
“Lumin is thrilled to partner with ABB, setting the stage for jointly developed responsive energy management products,” said Kelly Warner, CEO of Lumin. “ABB’s strategic investment will empower Lumin, fostering innovation and scaling operations. We’re redefining how homes interact with and contribute to the energy grid while offering all homeowners unprecedented comfort, control, and cost savings easily via a single, intuitive app.”
The investment by ABB Electrification’s Smart Buildings Division in Lumin enables them to develop a joint offering to accelerate and optimize accessible home energy management. Lumin offers homeowner and installer hardware and software solutions that complement ABB’s robust residential portfolio. This collaboration will bring new innovations to the North American residential energy sector that support the safe, smart and sustainable electrification of both new and existing homes. A first joint offering is expected to come to market in early 2024.
“As an established player in the industry, Lumin’s agility and expertise, coupled with a strong competitive position, align perfectly with our investment criteria,” said Mads Moeller, head of ventures at ABB Electrification. “This collaboration allows us to expand our home energy management capabilities in the North American residential sector, where we aim to bring value and affordability to home energy solutions.”
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