Volvo Penta invests in Utility Innovation Group to accelerate electric grid innovation
Volvo Penta has acquired a minority stake in Utility Innovation Group (UIG). The investment accelerates entry into the utility sector to further develop Volvo Penta’s battery energy storage subsystem and power generation portfolio as part of its road to net zero.Volvo Penta has made a strategic investment in UIG , US-based specialists in resilient, innovative utility systems and decentralized energy solutions. Through this, UIG and Volvo Penta have the potential to enhance their collective capabilities, while jointly creating