ABB has acquired Lumin, a U.S.-based responsive energy management systems company, to expand ABB’s home energy management capabilities in the North American residential sector. The acquisition follows a strategic minority investment by ABB into the company in 2023. Financial terms of the transaction were not disclosed.
“We’re excited to welcome Lumin into the ABB family at a time when electrification across North America is a transformative megatrend,” said Mike Mustapha, President of ABB Electrification’s Smart Buildings Division.
The acquisition brings Lumin’s intelligent solutions for electrification, solar and storage systems into ABB’s portfolio, creating a comprehensive residential energy management offering in North America.
Lumin’s flexible platform allows for the integration of any brand of load centers, battery systems and generators. It also provides insights into behind-the-meter consumption and manages energy loads for more efficient communities.
“By acquiring Lumin, we gain not only an advanced product portfolio but also access to key partnerships within residential-renewable-focused organizations — an essential move in driving future innovations for smart homes and communities across the region,” Mustapha said.
“Joining ABB is an exciting step for Lumin. We’re fully aligned with ABB’s mission to drive innovation, sustainability and smarter energy solutions. This is an incredible opportunity to scale our platform and make energy management even more accessible to homeowners across North America,” said Alex Bazhinov, Lumin’s Founder and President. “As part of ABB, we’ll help empower homeowners to reduce energy waste, integrate renewable energy sources, and create more sustainable, efficient communities.”
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