A new partnership has been established between BYD, China’s leading energy storage company and electric vehicle pioneer, and ABB , the globally leading power and automation group to jointly develop new solutions for energy storage.
This strategic collaboration will combine ABB’s leading products and technology for grid storage, electric vehicle charging and integrated marine systems, with BYD’s know-how in battery technology to broadly address worldwide energy storage requirements.
The new partnership is also expected to accelerate the introduction of new solutions for electric vehicle charging, the fast ramp up of renewables combined with energy storage in off-grid and on-grid solutions as well as battery and energy storage solutions for the fast growing marine segment.
ABB Chief Executive Officer Ulrich Spiesshofer comments that the collaboration will bring the leading companies with highly complementary expertise and market access for electric energy storage closer together, highlighting ABB’s promise of ‘Power and productivity for a better world' in utilities, industries and transport and infrastructure.
The scope of the collaboration focuses on grid-connected energy storage; micro-grid applications; solar energy; and marine applications.