Tidal power

ABB Ltd 17 October 2003 ABB helps to create world's first underwater propellor- driven power plant ABB technology turns tidal currents into power in Norway Zurich, Switzerland, October 17, 2003 - A pilot project, using ABB technology, has begun with the aim of creating the world's first underwater propellor-driven power plant to generate electricity from tidal currents. A single prototype mill, resembling an underwater windmill, has just been installed and is generating power off the coast of northern Norway. Hammerfest Strom, a Norwegian company partly owned by ABB, is conducting the pilot project. 'Our system, with a windmill underwater - the so-called watermill - is the first of its kind in the world that has proved capable of producing electric power from streaming tidal water, and which is connected to a commercial power grid,' said Olaf Harald Mehus, chairman of Hammerfest Strom. 'If the year-long trial period is successful, we want to install 20 underwater mills in the same area, capable of generating 16 MW of power.' The prototype in the narrow Kvalsundet strait near Hammerfest has been linked by cable to the onshore power grid, and is generating 300 KW of power - enough to power 30 households. The prototype underwater mill stands on the seabed and has three, ten-meter long propellor blades attached to an ABB generator. Tidal currents create power by spinning the blades, which automatically adjust to the best position in the prevailing current. About 15 meters beneath the water's surface, the blades rotate from three and five times a minute and present no hazard to marine life. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 133,000 people. For more information please contact: Media Relations: ABB Corporate Communications, Zurich Thomas Schmidt Tel: +41 43 317 6568 Fax: +41 43 317 7958 media.relations@ch.abb.com Investor Relations: Switzerland: Tel. +41 43 317 3804 Sweden: Tel. +46 21 325 719 USA: Tel. + 1 203 750 7743 investor.relations@ch.abb.com For further information and pictures, please visit www.abb.com/news This information is provided by RNS The company news service from the London Stock Exchange

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