Utility Innovation Group
Assembly Line
Scaling grid innovation: Volvo Penta follow-on investment in UtilityInnovation Group
Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland based company specializing in resilient, innovative utility systems and decentralized energy solutions. This strategic investment marks a continued commitment to driving the energy transition. It also underlines Volvo Penta’s role in the growing global market for energy infrastructure as an independent supplier of energy-dense battery energy storage (BESS) subsystems.
Building upon the partnership established with Volvo Penta’s initial investment in 2023, UtilityInnovation Group (UIG) will scale its expertise to meet the accelerating demand for more dynamic, sustainable electric grid infrastructure. “This follow-on investment in UtilityInnovation Group reflects our commitment to advancing reliable and efficient electrified power solutions as part of our broader net-zero ambitions,” said Anna Müller, President of Volvo Penta.