Hitachi Energy Norway AS signs a Memorandum of Understanding (MoU) with Beyonder AS to advance sustainable energy solutions
We are pleased to announce the signing of a Memorandum of Understanding (MoU) with Hitachi Energy Norway AS on 22.11.2024. This strategic partnership aims to explore and develop innovative applications for Beyonder’s advanced battery technology within Hitachi Energy’s extensive energy solution offerings.
This collaboration represents a significant step toward supporting the green transition by integrating high-performance energy storage capabilities with Hitachi Energy's solutions, ultimately benefiting a shared commitment to sustainability and environmental responsibility.
- Today marks a thrilling new journey for Beyonder as we join forces with Hitachi Energy, an esteemed global leader in sustainable technologies. This partnership opens up exciting possibilities to pioneer innovative battery solutions that not only enhance energy efficiency but also significantly contribute to a brighter, more sustainable future for all, said Tove N. Ljungquist, CEO of Beyonder.
Drive innovation in future energy solutions
The MoU outlines key areas of cooperation, including the application of Beyonder’s battery technology in Hitachi Energy's customer deliveries and the integration of Hitachi Energy products within Beyonder's offerings. The collaboration will focus on three primary work streams: exploring market applications for high-power battery systems, developing liquid cooling solutions for battery modules, and launching a pilot installation to showcase the synergies of the partnership.
Bård Lund, Country Managing Director, Hitachi Energy in Norway. Photo; Hitachi Energy
- We are excited to collaborate with Beyonder on integrating more battery technology into the grid. Together we can make the technology more efficient and explore new applications for battery systems. The combination of Beyonder’s energy storage expertise with Hitachi Energy’s technology for integrating renewable energy and grid connections, will strengthen the offerings to a rapidly growing market for high-power batteries. This MoU supports Hitachi Energy’s strategy of advancing a sustainable energy future for all. We are eager to get started as the global demand for battery solutions are growing at a fast pace, said Bård Lund, Country Managing Director, Hitachi Energy in Norway.
Both parties anticipate that this partnership will increase market competitiveness and also contribute to a partnership that levels their sustainable practices. The MoU signifies a commitment to explore a long-term collaboration aimed at delivering unique energy solutions across various markets and regions.
The agreement is non-binding and serves as a foundation for exploring the potential of this fruitful partnership. Beyonder and Hitachi Energy look forward to capitalizing on this opportunity to contribute to a cleaner and more sustainable energy future.
About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. The company is advancing the world’s energy system to be more sustainable, flexible, and secure, and collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come.
Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, the company makes the energy value chain more efficient, making electricity more accessible to all.
Together with stakeholders across sectors and geographies, Hitachi Energy enables the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, Hitachi Energy employs around 45,000 people in 90 countries and generate business volumes of around $13 billion USD.
For more info; https://www.hitachienergy.com/