Volvo Group (STO: VOLV) has officially introduced the PU2000 Battery Energy Storage System, marking a significant step in its expansion from transport into energy infrastructure.
Unveiled at Volvo Energy’s Customer Day in Gothenburg, the PU2000 is engineered in Sweden and designed to optimize energy costs, improve operational resilience, and accelerate electrification for industrial and commercial customers. The system integrates seamlessly with the Volvo Site Controller and Volvo Cloud Energy Management System, enabling advanced site energy management and real-time performance monitoring.
According to Volvo Energy SVP Elisabeth Larsson, the PU2000 “is a tangible example of how Volvo Group is expanding from vehicles into energy solutions,” helping customers overcome grid constraints while reducing emissions.
The PU2000 offers three key features:
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Seamless integration with Volvo’s digital energy management systems for optimized operations.
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Safety and reliability, including liquid cooling, PFAS-free fire suppression, advanced cybersecurity, and Volvo’s supply chain standards.
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Flexibility, supporting peak shaving, load shifting, grid market participation, EV charging, and island-mode operation.
The launch underscores Volvo’s push to play a larger role in the clean energy transition. While best known for trucks, buses, and construction equipment, Volvo Group has been expanding into charging and storage solutions through its Volvo Energy division, which also manages battery lifecycle services.
The move comes amid growing global demand for energy storage, driven by rising electrification, renewable integration, and grid instability. By offering a branded BESS solution, Volvo joins a growing field of OEMs and industrial players leveraging their scale and reputation in safety and reliability to enter the battery infrastructure market.
With net sales of SEK 527 billion (€46 billion) in 2024 and a workforce of over 100,000 across nearly 190 markets, Volvo’s entry into energy storage signals a strategic broadening of its portfolio beyond transport and into the wider energy ecosystem.
By Charles Kennedy for Oilprice.com
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