Volvo Group has acquired the US battery pack company Proterra out of bankruptcy, while its power solutions arm Volvo Penta is providing its BESS sub-system for EV charging infrastructure solutions.

US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.

Leaning on an existing track-record and manufacturing scale of electric vehicles (EVs) and their batteries remains an essential component to delivering cost-effective energy storage, BYD global sales director Julia Chen has said.