Switzerland’s automation technology group ABB and China’s battery maker BYD are to jointly develop energy storage solutions.
The collaboration will focus on the development of electric vehicle (EV) charging, micro-grid as well as off-grid energy storage systems, PV storage and applications for the fast-growing marine segment. Financial details were not disclosed.
The companies aim to combine ABB’s experiences in EV charging and grid storage with BYD’s expertise in battery technology in order to accelerate the introduction of new energy storage products.
“We are pleased to build on our achieved joint success and broaden our excellent cooperation with BYD. This next step will bring two leading companies with highly complementary expertise and market access for electric energy storage closer together,” said ABB Chief Executive Officer Ulrich Spiesshofer.
Earlier this year, ABB supplied its EV charger to Shenzhen BYD Daimler New Technology. The direct current fast charger is a feature for the DENZA electric car with an all-electric range of up to 186 miles a top speed of 93 miles/h.
BYD recently announced to build a lithium-ion battery plant in Brazil to manufacture batteries for electric buses. The plant is scheduled to start production in 2015.