ABB has signed a memorandum of understanding with Northvolt to help develop battery storage systems.
The agreement includes the supply of products and services for Northvolt’s lithium-ion battery factory, which will be built in Sweden.
The development will be supported by ABB’s industrial automation, electrification and digital technologies.
The companies also intend to collaborate closely on the development of battery solutions for mobile and stationary applications, including the potential sourcing of batteries.
The factory is expected to start production in 2020, with a demonstration-line to be ready by 2019.
ABB Technology Ventures will support the initial phase of this project through an early investment.
ABB chief executive Ulrich Spiesshofer said: “This uniquely integrated factory would be a true showcase for ABB’s leadership in industrial automation and smart electrification and would help to meet the ever-increasing demand for smarter, greener storage solutions.”
Northvolt chief executive Peter Carlsson said: “ABB is at the forefront of the electrification, and we are delighted to have them on-board as strategic partner, key supplier and investor.”
Image: ABB
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By EBS