ABB and BYD form alliance to develop new storage technologies

Share on linkedin
Share on twitter
Share on reddit
Share on facebook
Share on email

ABB solar project. The company has joined forrces with China's BYD to develop storage technologies for solar. Image: ABB.
The Swiss and Chinese power engineering firms ABB and BYD have revealed a collaboration to develop new storage technologies.

The two organisations said the development of new technologies for on- and off-grid solar storage and electric vehicle technology charging would be among the areas of focus for the joint venture.

BYD, partially owned by US investor Warren Buffett, is already active in the solar and storage fields, with module, battery storage and electric vehicle manufacturing arms, among others.

ABB has already collaborated with BYD, developing a charger for the Denza electric car built by BYD and Daimler.

ABB chief executive Ulrich Spiesshofer said: “We are pleased to build on our achieved joint success and broaden our excellent cooperation with BYD. This next step will bring closer together two leading companies with highly complementary expertise and market access for electric energy storage. With this next step in our successful partnership, we live our promise: 'Power and productivity for a better world' in utilities, industries, and transport and infrastructure.”

Other than solar and electric vehicles, the collaboration is also looking to develop storage technologies for marine applications.

Read Next

July 29, 2022
European energy storage is still held back by regulation but Greece is a bit further ahead, specialist battery insurance group Altelium told while discussing take-up of its new product.
July 28, 2022
VoltStorage, a developer and maker of energy storage systems using vanadium flow batteries, has raised €24 million (US$24.3 million) in a Series C.
July 26, 2022
The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.
July 19, 2022
The UK will have 50GW-plus of energy storage installed by 2050 in a best case scenario attainment of net zero, according to grid operator National Grid’s Future Energy Scenarios report.
July 18, 2022
State-owned Irish electric utility ESB has opened a 19MW/38MWh battery energy storage system (BESS) in Aghada, County Cork, provided by system integrator Fluence. 

Most Popular

Email Newsletter