ABB and China-based BYD Co. Ltd. have announced a strategic partnership to jointly develop new solutions for energy storage. The scope of the collaboration will include grid-connected energy storage, renewable energy integration, microgrid applications and marine applications.
ABB says its products and technology for grid storage, electric vehicle charging and integrated marine systems, combined with BYD's knowledge in battery technology, can help broadly address worldwide energy storage requirements.
‘We are pleased to build on our achieved joint success and broaden our excellent cooperation with BYD. This next step will bring closer together two leading companies with highly complementary expertise and market access for electric energy storage," says ABB CEO Ulrich Spiesshofer.