Switzerland, June 5 -- ABB announced a strategic minority investment in HESStec, a company based in Spain which specializes in hybridized energy storage system (HESS) and battery energy storage system (BESS) applications. With HESStec's scalable and cutting-edge hybrid energy storage technology, the partnership will drive new product optimization and market expansion opportunities for ABB in connection with the recently announced BESS-as-a-Service offering. The investment was made through ABB Electrification Ventures, and financial terms were not disclosed.As the latest addition to ABB's growing innovation ecosystem, this investment will enhance ABB's position in the rapidly growing energy storage market. With its hybrid energy storage tech...