Volvo Group

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

Connected Energy develops battery energy storage systems through the use of second life electric vehicle batteries. The company’s 300 kW E-STOR battery energy storage system is designed for commercial applications.The product comes in the form of a 20 ft container and is made using 24 second life Renault EV batteries. The battery system can be used individually or as multiple systems working together as per the customer’s requirements. Furthermore, Connected Energy’s control system communicates directly with all batteries to provide real time monitoring and control. The battery system's modular design makes it possible for batteries to be easily exchanged if required.The next generation of Connected Energy’s E-STOR battery energy storage systems, released in 2023, range from 1 MW up to 10 MW. The systems are designed for larger, commercial-scale, and industrial applications and will be suitable for both in-front and behind-the-meter applications.&nbsp;The company’s batteries are automated and optimized by its cloud-based energy management software. It allows the system to be charged and discharged to complement the site’s operations and responds to multiple parameters on or off-site according to a pre-set hierarchy of priorities. Customers are provided access to the online portal to monitor the performance of the system and the system dashboard visualizes the data.The company operates from its headquarters in Newcastle, UK, and has also established a technical center in Norwich which undertakes design, development, prototyping, integration, and testing.Key customers and partnerships&nbsp;Connected Energy has partnered with companies such as Renault Group, Volvo, Caterpillar, and Jaguar Land Rover. In October 2022, the company installed two energy storage systems at the University of Sheffield’s AMRC Northwest in Lancashire. During the same month, Mobilize Power Solutions to provide battery storage at EV charging sites in the UK.&nbsp;In May 2023, Connected partnered with North Tyneside Council to provide energy storage to store energy generated from solar PV arrays. In September 2023, the company signed a Letter of Intent with Volvo Energy to jointly develop a battery energy storage system (BESS) with batteries recovered from Volvo electric buses, trucks, and machines. In March 2024, the company once again partnered with Volvo Energy to install BESS’ at two UK Volvo Truck &amp; Bus dealer sites.Funding and financials&nbsp;Connected Energy’s latest funding round was in <a href="https://www.energy-storage.news/caterpillar-vc-arm-volvo-group-invest-in-uk-company-specialising-in-stationary-storage-with-second-life-ev-batteries/">June 2022</a>, when the company raised GBP 15 million (~USD 18.4 million) from five new investors to scale up its second life-based battery energy storage system solution.

Connected Energy was established to commercialise the research and development work undertaken by their award-winning parent company Future Transport Systems (FTS). Connected Energy has developed its E-STOR stationary energy storage technology that that utilises 2nd life electric vehicle batteries.  The E-STOR technology is unique in that it can utilise any EV OEM battery pack communicating with it via the OEM's proprietary CAN protocol.  Connected Energy currently utilises batteries supplied by Renault, Nissan, Jaguar Land Rover and others.  It has systems operating in the UK, Belgium, Germany and the Netherlands ranging from 60kW to 1.2MW and will be installing systems of 10MW+ in 2021.

Volvo Group is a manufacturer of trucks, buses, construction equipment, and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. I

<div> Volvo Group is a manufacturer of trucks, buses, construction equipment, and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. I </div>

Volvo Group Venture Capital

Volvo Cars Tech Fund

Volvo

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

Electrifying passenger and commercial travel

EV Economy

A range of electric trucks and buses including Volvo trucks and buses, Renault trucks, Mack trucks, Nova buses and Eicher buses

Volvo Group

Featured Industries

Recent Updates

Volvo introduces first electric-only truck model

Volvo Trucks receives UK grant approvals for FH and FM electric models

Volvo Trucks and Tim Hortons partner for electric truck deployment in Canada

Renault Trucks commences production of E-Tech T and C heavy-duty electric trucks in France

Volvo Trucks launches updated electric medium-duty trucks for urban applications

Volvo Trucks launches updated electric medium-duty trucks for urban applications

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless