Volvo Penta invests further in UIG

Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a U.S.- and Ireland-based company specializing in utility systems and decentralized energy solutions. Volvo Penta said the strategic investment underlines its role in the growing global market for energy infrastructure as an independent supplier of energy-dense battery energy storage (BESS) subsystems.

UIG’s Energy Storage for Resiliency (ESR) platform with Volvo Penta’s BESS subsystem. (Photo: Volvo Penta)

Building upon the partnership established with Volvo Penta’s initial investment in 2023, UIG will scale its expertise to meet the accelerating demand for more dynamic, sustainable electric grid infrastructure, the announcement stated.

By combining Volvo Group’s technology and global footprint with UIG’s deep integration experience, the continued partnership is intended to enable the delivery of larger energy developments for a range of global customers, including utilities, data centers and large energy users. It will also support the development and commercialization of UIG’s 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.

In addition, the investment will facilitate deployment of GridSure, 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 announcement stated.

“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.”