Volvo Penta Invests In Utility Innovation Group To Accelerate Electric Grid Innovation

Apr 11, 2023•over 2 years ago

RaleighCivil Engineering

Investors

UigVolvo Penta

Description

Volvo Penta has made a strategic investment in UIG, US-based specialists in resilient, innovative utility systems and decentralized energy solutions. Through this, UIG and Volvo Penta have the potential to enhance their collective capabilities, while jointly creating innovative solutions and new market opportunities to advance electric grid infrastructure.

Company Information

Company

Utility Innovation Group

Location

Raleigh, North Carolina, United States

About

Utility Innovation Group (UIG) is a leader in designing, building, protecting, and operating the global carbon-free grid of the future. UIG, founded by the core leadership team which helped shape the US microgrid market, specializes in utility protection and controls engineering, substation and distribution development, microgrid development, and grid resiliency. Together with their partners, UIG has developed an industry leading, international presence dedicated to their mission of shaping the future of electric grid infrastructure across the globe through an explicit focus on decarbonization and the ever-increasing need for resiliency.

Related People

1 contact

Funding Insights

Based on industry data

VC-backed spending patterns