Power company ABB and Chinese energy storage company BYD have formalised a partnership to jointly develop new energy storage solutions for applications from electric vehicle charging to off-grid and on-grid renewable integration and the fast growing marine segment.
The two companies say they will build on their respective strengths – ABB with products and technology for grid storage, electric vehicle charging and integrated marine systems, and BYD with its knowledge in battery technology.
The partnership also deepens cooperation between the two companies. Earlier in 2014, ABB introduced its EV fast chargers in China, supplying DC fast chargers for the new Denza electric car developed by BYD’s joint venture with Daimler.
“We are pleased to build on our achieved joint success and broaden our excellent cooperation with BYD,” says ABB chief executive officer Ulrich Spiesshofer. “This next step will bring closer together two leading companies with highly complementary expertise and market access for electric energy storage.”
The scope of the collaboration focuses on the four applications: Grid-connected energy storage; Microgrid applications; Solar energy; and Marine applications.
BYD, with more than 180,000 employees – and larger than ABB’s 145,000 strong workforce – includes among its interests traditional and electric automobiles and new energy products with unique technologies, such as solar power stations, stored energy stations, LEDs and electrical fork-lifts. BYD is a major supplier of battery storage in China and elsewhere. [Engerati-China’s Growing Need For Electricity Storage]
Energy storage market
As is further evidenced in this partnership between two such major companies the energy storage market is now coming of age with dramatic growth anticipated as demand grows and new solutions emerge. [Engerati-Finally! An Energy Storage Market Emerges]
Marine applications open up a new and interesting market for renewable and storage technologies beyond the traditional energy sector. Currently international shipping contributes about 3% of global greenhouse gas emissions but since the start of 2013 steps have been taken to improve the energy efficiency of shipping. As part of this initiative the Carbon War Room and Rightship have developed an energy rating scheme for shipping, much like that used for household appliances.
Further developments promise hybrid diesel and renewable powered ships with onboard storage, contributing not only to a reduction in GHG emissions but also to global improvements in energy efficiency.