Volvo steps closer to electric construction machinery
Volvo Construction Equipment’s quest for environmentally sustainable construction equipment has received a boost with the awarding of a SEK59 million (A$9.4 million) grant from the Swedish Energy Agency to develop electromobility technology.
The funds will form part of a major SEK203 million (A$32 million) electric propulsion project that Volvo CE is running in collaboration with the SEA, its customer Skanska Sweden and two Swedish universities – Linköpings Universitet and Mälardalens Högskola.
Volvo CE says the project aims to deliver "significant reductions in fuel consumption, emissions and total cost of ownership while also improving productivity".
It will continue to develop the concepts in-house before Skanska Sweden incorporates the machines into its operations in 2017 in order to prove that the technology is viable for the industry.
"This project involves creating new concepts which are part of our long-term future vision," Volvo CE Technology executive vice president Anders Larsson says. "The work that we’ll do over the next few years has the potential to change the entire construction industry.
"This type of cooperation between Volvo CE, its customers, the government and academic partners allows us to invest in new technologies and explore solutions that are both relevant for our customer base and address future challenges," he adds.
"We are proud and grateful to have received this funding and are excited to start work on this future-oriented project."
The Swedish Energy Agency is a government agency which describes itself as working for the use of renewable energy, improved technologies, a smarter end-use of energy and mitigation of climate change.
The electromobility initiative is jointly funded, with Volvo CE investing SEK129 million (A$20.5 million) and Skanska Sweden contributing SEK9 million (A$1.4 million). Besides the SEK59 million awarded to to Volvo CE, the Swedish Energy Agency has also given SEK5 million (A$800,000) to Linköpings Universitet and SEK1 million (A$160,000) to Mälardalens Högskola.
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