Vestas enters wind storage collaboration with Northvolt

Vestas Wind Systems A/S (CPH:VWS) will invest EUR 10 million (USD 11.8m) in a partnership with Swedish battery manufacturer Northvolt that aims to develop a lithium-ion platform for the Danish company’s wind turbines.

As part of the seven-year cooperation, the parties will conduct research and development into a battery storage solution that will be integrated into wind turbines and full power plant system design. It will allow Vestas to provide improved predictability for the power output of its machines and enable it to develop and optimise control systems that can integrate battery storage systems with other renewable energy technologies, it said in a press release on Friday.

“This important collaboration with Northvolt will enable Vestas to define, challenge and improve battery storage offering for customers that need hybrid and storage solutions,” said Anders Vedel, Vestas’ chief technology officer.

The Danish firm’s investment in the partnership, which also calls for the development of data management systems for real-time operation data, will go for the first phase of the joint initiative. The funds will also be allocated for the establishment of Northvolt’s demonstration line and research manufacturing plant where the two companies will test and qualify products and processes under the project.

(EUR 1.0 = USD 1.181)

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