Electronics giant ABB and Chinese automaker BYD have announced a strategic collaboration to develop new solutions for energy storage. The new partnership aims to accelerate the introduction of new solutions for EV charging, as well as stationary storage for renewable energy applications.
The collaboration will focus on grid-connected energy storage, micro-grid applications, solar energy and marine applications.
ABB already supplies DC fast chargers for the new Denza EV developed by BYD’s joint venture with Daimler.
“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,” said ABB CEO Ulrich Spiesshofer. “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.”