Hyundai Motor Group (HMG) has selected Wärtsilä for a technology and commercial partnership designed to utilise second-life electric vehicle (EV) batteries for the growing energy storage market.
The global partnership will combine HMG’s expansion in electric vehicles with Wärtsilä’s growing energy business, which includes 67 GW of installed power plants and advanced energy storage technologies and software created through the acquisition of Greensmith Energy.
The partnership will target advanced energy storage products and platforms that maximise HMG’s second-life EV batteries to be commercialised in Wärtsilä’s existing customer and channel networks across 177 countries globally. Wärtsilä sold almost 4 GW of power plants in 2017 in both developed and developing regions of the world.
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