Volvo Penta boosts sustainable energy investment with UtilityInnovation Group

Expanding on the foundation set by Volvo Penta’s initial investment in 2023, Utility Innovation Group (UIG) is set to amplify its expertise to address the rising demand for adaptable, sustainable electric grid infrastructure.

“This follow-on investment in UtilityInnovation Group reflects our commitment to advancing reliable and efficient electrified power solutions as part of our broader net-zero ambitions,” said Anna Müller, president of Volvo Penta.

UIG’s expertise in data centre power solutions and the evolving grid landscape is further enhanced by the integration of Volvo Penta’s robust BESS subsystems. This collaboration addresses the demand for resilient energy solutions by combining Volvo Group’s advanced technology and global reach with UIG’s deep integration capabilities.

Together, they aim to deliver larger, innovative energy developments for clients, including utilities, data centres, and high-energy users worldwide.

Optimisation technique

The investment also supports the development and commercialisation of UIG’s Energy Storage for Resiliency (ESR) platform, a solution intended to bolster power stability and ease the energy demands of intensive data centres reliant on AI and machine learning, as well as optimise large microgrids.

Additionally, UIG’s GridSure platform leverages data-driven insights and cyber-secure management tools to oversee grid capacity, improve system resilience, and monitor infrastructure comprehensively, ensuring stable and efficient grid operations.

“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 specialised 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.”

Volvo Penta’s investment in UtilityInnovation Group reinforces its commitment to advancing the global energy transition and highlights its focus on creating sustainable, resilient energy solutions for the future. This transaction does not significantly impact Volvo Group’s financial results or overall financial position.