Volvo Penta acquires minority stake in Utility Innovation Group

Volvo Penta acquired a minority stake in Utility Innovation Group (UIG), a US-based specialist in utility systems and decentralized energy solutions, to accelerate development of battery energy storage subsystems and power generation portfolio.

“Volvo Penta has made a strategic investment in UIG, US-based specialists in resilient, innovative utility systems and decentralized energy solutions.”prnewswire.com

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• prnewswire.comVolvo Penta invests in Utility Innovation Group to accelerate electric grid innovationAB VolvoApr 11, 2023

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