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Volvo Energy invests in battery energy storage specialist

Mark Moran
17 June 2022
A Connected Energy battery system

 

Volvo Energy is investing in British second-life battery energy storage specialist Connected Energy.

Volvo Energy will be paying approximately SEK 50m (£4m) for 10% in the company, which is based in Newcastle-upon-Tyne.

Joachim Rosenberg, president of Volvo Energy, said: “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of second-life battery energy storage systems and further secure...

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