Volvo Penta

Volvo Penta is a global manufacturer of engines and power systems for marine and industrial applications. Based in Gothenburg, Sweden, the company is part of the Volvo Group and has a history dating back over 100 years.

Volvo Penta produces a wide range of products including marine engines, industrial engines, and power generation systems. Its marine offerings include inboard engines, sterndrive systems, and its innovative Inboard Performance System (IPS). For industrial applications, Volvo Penta supplies engines for various off-road equipment. The company also develops electrified and hybrid power solutions for both marine and industrial segments.

In recent years, Volvo Penta has made several strategic moves to advance its electrification and sustainability efforts. In April 2023, it acquired a minority stake in Utility Innovation Group to accelerate electric grid innovation. The company has also partnered with Rosenbauer to develop electric drivelines for fire trucks and launched new versions of its IPS propulsion system for larger vessels. Volvo Penta is involved in projects developing hybrid and electric propulsion systems for marine applications, including supplying the electric driveline for Gothenburg's first all-electric ferry as part of the ElectriCity initiative.