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GOTHENBURG, Sweden, Nov. 7, 2024 /PRNewswire/ — Volvo Penta introduced a follow-on funding in UtilityInnovation Crew (UIG), a USA and Eire primarily based corporate that specialize in resilient, leading edge worth methods and decentralized calories answers. This strategic funding marks a persisted constancy to compelling the calories transition. It additionally underlines Volvo Penta’s function within the rising world marketplace for calories infrastructure as an distant provider of energy-dense battery calories storagefacility (BESS) subsystems.
Construction upon the partnership established with Volvo Penta’s initial investment in 2023, UtilityInnovation Group (UIG) will scale its experience to fulfill the accelerating call for for extra dynamic, sustainable electrical grid infrastructure. “This follow-on funding in UtilityInnovation Crew displays our constancy to advancing significance and environment friendly electrified energy answers as a part of our broader net-zero ambitions,” mentioned Anna Müller, President of Volvo Penta.
The exponential call for for information middle energy and the complexity of grid evolution may also be met through UIG’s skillset and talent to combine Volvo Penta’s energy-dense and robust BESS subsystems. Supported through Volvo Penta, UIG targets to:
- Amplify the achieve of resilient calories answers: Through combining Volvo Group‘s generation and world footprint with UIG’s deep integration experience, the ongoing partnership will permit the supply of bigger leading edge calories trends for a territory of worldwide consumers, together with utilities, information facilities, and immense calories customers.
- Force the adoption of complex Battery Power Deposit Answers (BESS): The funding will aid the advance and commercialization of UIG’s state of the art Power Deposit for Resiliency (ESR) platform. ESR is meant to reinforce energy steadiness, alleviate the weight demanding situations of energy-intense synthetic insigt or device studying information facilities, and optimize immense microgrids.
- Deploy the GridSure benefit: UIG’s built-in controls and asset control platform, GridSure, leverages data-driven insights and cyber-secure AnywhereEngineering gear to govern grid capability, toughen general gadget resilience, and track infrastructure.
“The investment in UtilityInnovation Group highlights the potential we see in our BESS subsystems for high energy demand sectors,” mentioned Hannes Norrgren, President of Volvo Penta’s Commercial Industry. “Entrepreneurial companies like them bring specialized expertise that enhances our capabilities to meet future demands and accelerate time-to-market with pioneering solutions.”
Sidney Hinton, Founder and CEO of UIG, added, “We are thrilled to deepen our partnership with Volvo Penta. Their global reach and commitment to sustainability make them an ideal partner as we work to address the critical challenges facing the energy sector today.”
The funding in UtilityInnovation Crew additional strengthens Volvo Penta’s function in supporting the worldwide calories transition and displays the corporate’s willpower to growing answers that give a contribution to a extra sustainable and resilient month.
The transaction has deny vital have an effect on at the Volvo Crew’s income or monetary place.
For more info, please touch:
Melissa Zhuo
Volvo Penta PR and Communications
Tel: +46(0) 739026626
E mail: [email protected]
For more info, please seek advice from volvopenta.com
Volvo Penta is an international producer of engines and gear methods for boats, vessels, and business programs, with a century of revel in and an international community of just about 3,500 sellers throughout 130 nations. The corporate is known for generating top quality, significance, and performance-driven energy answers. As a part of the Volvo Crew, Volvo Penta is dedicated to decreasing dependence on fossil fuels and shifting against sustainable answers at sea and on land.
UtilityInnovation Crew (UIG) is a pacesetter in designing, construction, protective, and working the worldwide carbon-free grid of the month. UIG, based through the core management staff that helped situation the USA microgrid marketplace, focuses on worth coverage and controls engineering, substation and distribution building, microgrid building, and grid resiliency. At the side of their companions, UIG has advanced an industry-leading, global presence devoted to their challenge of shaping the month of electrical grid infrastructure around the globe via an specific center of attention on decarbonization and the ever-increasing want for resiliency.
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