Scaling grid innovation: Volvo Penta follow-on investment in UtilityInnovation Group
Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland-based company specializing in resilient utility systems and decentralized energy solutions. The investment strengthens Volvo Penta's position in the energy infrastructure market as a supplier of battery energy storage (BESS) subsystems. UIG will scale its operations to meet growing demand for sustainable electric grid infrastructure, focusing on expanding resilient energy solutions, driving BESS adoption, and deploying their GridSure platform. The partnership aims to address challenges in data center power demands and grid evolution. The transaction has no significant impact on Volvo Group's earnings or financial position.
Volvo Penta ha annunciato un investimento aggiuntivo in UtilityInnovation Group (UIG), una società con sede negli USA e in Irlanda specializzata in sistemi di utilità resilienti e soluzioni energetiche decentralizzate. L'investimento consolida la posizione di Volvo Penta nel mercato delle infrastrutture energetiche come fornitore di sottosistemi di accumulo di energia su batteria (BESS). UIG scalerà le proprie operazioni per soddisfare la crescente domanda di infrastrutture elettriche sostenibili, concentrandosi sull'espansione delle soluzioni energetiche resilienti, promuovendo l'adozione di BESS e implementando la loro piattaforma GridSure. La partnership mira a affrontare le sfide nelle richieste di potenza dei data center e nell'evoluzione della rete elettrica. La transazione non avrà un impatto significativo sugli utili o sulla posizione finanziaria del gruppo Volvo.
Volvo Penta anunció una inversión adicional en UtilityInnovation Group (UIG), una empresa con sede en EE. UU. e Irlanda especializada en sistemas de servicios públicos resilientes y soluciones energéticas descentralizadas. La inversión refuerza la posición de Volvo Penta en el mercado de infraestructura energética como proveedor de subsistemas de almacenamiento de energía en baterías (BESS). UIG ampliará sus operaciones para satisfacer la creciente demanda de infraestructura de red eléctrica sostenible, centrándose en la expansión de soluciones energéticas resilientes, promoviendo la adopción de BESS y desplegando su plataforma GridSure. La asociación tiene como objetivo abordar los desafíos en las demandas de energía de los centros de datos y la evolución de la red. La transacción no tendrá un impacto significativo en las ganancias o la posición financiera del Grupo Volvo.
볼보 펜타는 미국과 아일랜드에 본사를 둔 유틸리티 이노베이션 그룹(UIG)에 대한 추가 투자를 발표했습니다. 이 회사는 탄력적인 유틸리티 시스템 및 분산 에너지 솔루션을 전문으로 합니다. 이번 투자는 볼보 펜타가 배터리 에너지 저장 시스템(BESS) 하위 시스템 공급 업체로서 에너지 인프라 시장에서의 입지를 강화하는 데 기여합니다. UIG는 지속 가능한 전력망 인프라에 대한 증가하는 수요를 충족하기 위해 운영을 확장하고, 탄력적인 에너지 솔루션을 확대하며, BESS 채택을 촉진하고, 그들의 GridSure 플랫폼을 배포하는 데 집중할 것입니다. 이 파트너십은 데이터 센터의 전력 수요와 전력망 발전의 과제를 해결하기 위한 것입니다. 이번 거래는 볼보 그룹의 수익이나 재무 상황에 큰 영향을 미치지 않습니다.
Volvo Penta a annoncé un investissement supplémentaire dans UtilityInnovation Group (UIG), une entreprise basée aux États-Unis et en Irlande spécialisée dans les systèmes utilitaires résilients et les solutions énergétiques décentralisées. Cet investissement renforce la position de Volvo Penta sur le marché des infrastructures énergétiques en tant que fournisseur de sous-systèmes de stockage d'énergie par batterie (BESS). UIG développera ses opérations pour répondre à la demande croissante d'infrastructures de réseau électrique durable, en mettant l'accent sur l'expansion des solutions énergétiques résilientes, la promotion de l'adoption des BESS et le déploiement de leur plateforme GridSure. Ce partenariat vise à relever les défis liés aux besoins énergétiques des centres de données et à l'évolution du réseau. La transaction n'aura aucun impact significatif sur les bénéfices ou la situation financière du groupe Volvo.
Volvo Penta hat eine Folgeveranlagung in UtilityInnovation Group (UIG) angekündigt, ein Unternehmen mit Sitz in den USA und Irland, das auf resilienten Versorgungsnetze und dezentrale Energielösungen spezialisiert ist. Die Investition stärkt die Position von Volvo Penta im Energiesektor als Anbieter von Batteriespeichersystemen (BESS). UIG wird seine Aktivitäten ausweiten, um der wachsenden Nachfrage nach nachhaltiger Stromnetz-Infrastruktur gerecht zu werden, wobei der Fokus auf der Erweiterung resilienter Energielösungen, der Förderung der BESS-Nutzung und dem Einsatz ihrer GridSure-Plattform liegt. Die Partnerschaft zielt darauf ab, Herausforderungen bei den Leistungsanforderungen von Rechenzentren und der Weiterentwicklung des Stromnetzes zu bewältigen. Die Transaktion hat keinen signifikanten Einfluss auf das Ergebnis oder die finanzielle Lage der Volvo Group.
- Strategic expansion into growing energy infrastructure market
- Partnership enhances BESS subsystems capabilities for high energy demand sectors
- Development of advanced energy storage solutions for data centers and microgrids
- No significant impact on earnings or financial position
Building upon the partnership established with Volvo Penta's initial investment in 2023, UtilityInnovation Group (UIG) will scale its expertise to meet the accelerating demand for more dynamic, sustainable electric grid infrastructure. "This follow-on investment in UtilityInnovation Group reflects our commitment to advancing reliable and efficient electrified power solutions as part of our broader net-zero ambitions," said Anna Müller, President of Volvo Penta.
The exponential demand for data center power and the complexity of grid evolution can be met by UIG's skillset and ability to integrate Volvo Penta's energy-dense and robust BESS subsystems. Supported by Volvo Penta, UIG aims to:
- Expand the reach of resilient energy solutions: By combining Volvo Group's technology and global footprint with UIG's deep integration expertise, the continued partnership will enable the delivery of larger innovative energy developments for a range of global customers, including utilities, data centers, and large energy users.
- Drive the adoption of advanced Battery Energy Storage Solutions (BESS): The investment will support the development and commercialization of UIG's cutting-edge Energy Storage for Resiliency (ESR) platform. ESR is intended to enhance power stability, alleviate the load challenges of energy-intense artificial intelligence or machine learning data centers, and optimize large microgrids.
- Deploy the GridSure advantage: UIG's integrated controls and asset management platform, GridSure, leverages data-driven insights and cyber-secure AnywhereEngineering tools to manage grid capacity, improve overall system resilience, and monitor infrastructure.
"The investment in UtilityInnovation Group highlights the potential we see in our BESS subsystems for high energy demand sectors," said Hannes Norrgren, President of Volvo Penta's Industrial Business. "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 investment in UtilityInnovation Group further strengthens Volvo Penta's role in supporting the global energy transition and reflects the company's dedication to developing solutions that contribute to a more sustainable and resilient future.
The transaction has no significant impact on the Volvo Group's earnings or financial position.
For more information, please contact:
Melissa Zhuo
Volvo Penta PR and Communications
Tel: +46(0) 739026626
Email: melissa.zhuo@volvo.com
For more information, please visit volvopenta.com
Volvo Penta is a global manufacturer of engines and power systems for boats, vessels, and industrial applications, with a century of experience and a global network of nearly 3,500 dealers across 130 countries. The company is recognized for producing high-quality, reliable, and performance-driven power solutions. As part of the Volvo Group, Volvo Penta is committed to reducing dependence on fossil fuels and moving towards sustainable solutions at sea and on land.
UtilityInnovation Group (UIG) is a leader in designing, building, protecting, and operating the global carbon-free grid of the future. UIG, founded by the core leadership team that helped shape the US microgrid market, specializes in utility protection and controls engineering, substation and distribution development, microgrid development, and grid resiliency. Together with their partners, UIG has developed an industry-leading, international presence dedicated to their mission of shaping the future of electric grid infrastructure across the globe through an explicit focus on decarbonization and the ever-increasing need for resiliency.
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