ABB Technology Ventures invests alongside EU in Czech Republic-located incubator for direct current and other energy technologies.

ABB, the power and automation technology group, is investing alongside the European Union (EU) to set up Nupharo Park, a technology park in the Czech Republic for the development and commercialization of direct current (DC) and other energy technologies that have the potential to reduce energy costs and carbon emissions.

ABB is investing €2.3m ($3m) in the project, while the EU is contributing €12m. Startups and investments in Nupharo Park will be eligible for €800m in…

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