Volvo Group can accelerate boat electrification

The new business, Volvo Energy, will provide batteries and battery charging solutions to other parts of the Volvo Group, as well as offer refurbished used batteries to external customers. The new business will also be responsible for hydrogen infrastructure solutions for fuel cell electric vehicles.

The international Volvo Group has declared its commitment to better serve its customers by accelerating the electrification process in pursuit of sustainable transport solutions.

“Our goal is to offer our customers the most competitive electrification solutions, including batteries and charging infrastructure. With Volvo Energy, we create a holistic view of the entire life cycle, which benefits both our customers' business and society as a whole, ”says Martin Lundstädt, President and CEO of Volvo Energy.

The new Volvo Energy division is expected to not only provide batteries and charging solutions for other areas of the group's operations, but also offer customers used, remanufactured and refurbished batteries for use in a variety of applications.

Volvo Energy will also be responsible for hydrogen infrastructure solutions for fuel cell electric vehicles.

“With the help of Volvo Energy, we will focus even more on this important area.

In addition, we are giving car batteries a second life, which is both a business opportunity and a way to contribute to a circular economy and a fossil fuel-free society, ”said Lundstedt.

Headquartered in Gothenburg, Sweden, the Volvo Group is a leading global provider of transportation and infrastructure solutions, offering trucks, buses, construction equipment, and energy solutions for marine and industrial applications.

Joachim Rosenberg, board member of the Volvo Group and chairman of UD Trucks, will head the new business line.