BYD, ABB Form Global Energy Storage Alliance
ABB and BYD announced a strategic collaboration to jointly develop new solutions for energy storage.
The partners would like to complement their strengths. In the case of BYD, those strengths are related to battery technology, while ABB has know-how in grid storage, as well as electric vehicle charging.
Noteworthy is that ABB is supplying DC fast charging equipment to DENZA (BYD and Daimler JV).
“This collaboration will 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 and BYD share a common vision of sustainable power and industry as well as transport solutions. This stimulated the initiative of forming a unique global partnership aimed at creating sustainable value for the customers all around the world.”
The scope of the collaboration focuses on the following applications:
- Grid-connected energy storage
- Micro-grid applications
- Solar energy
- Marine applications
ABB Chief Executive Officer Ulrich Spiesshofer stated:
“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 & infrastructure.”