Loan from the European Investment Bank (EIB) will help support ABB’s research and development, with a focus on the company’s electrification business ABB will use the EIB funding toward next generation electrical distribution solutions, driving the energy transition and improving efficiency Funded projects will help the European Union reach its goal of net zero greenhouse gas emissions by 2050 ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing agreement to support ABB’s research and de