Volvo Penta has announced a renewed investment in UtilityInnovation Group (UIG), a company with operations in the U.S. and Ireland specializing in resilient, utility systems and decentralized energy solutions. This follow-on investment underscores Volvo Penta’s commitment to driving the energy transition and solidifies its position as an independent provider in the expanding global energy infrastructure market, with a focus on battery energy storage (BESS) subsystems.
Building on an initial investment made in 2023, this latest backing will empower UIG to expand its capacity to meet the rising demand for robust, sustainable electric grid solutions. “Our follow-on investment in UtilityInnovation Group reflects Volvo Penta’s dedication to providing reliable, efficient electrified power solutions, aligning with our net-zero objectives,” stated Anna Müller, President of Volvo Penta. With exponential growth in energy-intensive data centers and complex grid demands, UIG’s capabilities are well-positioned to leverage Volvo Penta’s energy-dense BESS technology to tackle these challenges.
Hannes Norrgren, President of Volvo Penta’s Industrial Business, commented, “This partnership with UtilityInnovation Group allows us to bring our high-demand BESS solutions to critical sectors more quickly, enhancing our capacity to meet future energy challenges.“
UIG’s CEO Sidney Hinton echoed the enthusiasm, emphasizing, “Volvo Penta’s global reach and sustainability focus make them the perfect partner as we address the evolving needs of the energy sector.”
