Volvo Penta expands into battery storage market

Power generation business Volvo Penta has announced it is expanding into the battery storage market with a storage system it claims can be scaled to “hundreds of megwatts” for use with solar and wind energy.

What Volvo Penta describes as its “high-performance subsystem” is based on Volvo Group’s electric vehicle technology.

“Battery energy storage is increasingly in demand for a variety of applications including utilities, factories, decentralized microgrids and mobile charging stations,” said Hannes Norrgren, president of Volvo Penta Industrial.

“As our solution is application agnostic, we see huge potential for its adoption. Together with OEMs, our solution provides possibilities to store energy from and add resiliency to renewable solar or wind-powered sources, opening new business models that appeal to end customers on their road to net-zero emissions.”