Vacon Plc and European Batteries Oy to Start Technology Cooperation |
Vacon Inc.
6425 W. Executive Drive
Mequon, WI, 53092
USA
Press release date: February 14, 2012
Vacon Plc - The global AC drives manufacturer Vacon Plc and European Batteries Oy, a Finland-based lithium-ion-iron-phosphate (LFP) battery systems manufacturer, have agreed on cooperation in the field of technology that combines the use of battery systems and AC drives in the same electrical system.
The two companies share the view that the field of energy production will be more and more fragmented in the future. In consequence, due to varied grid quality requirements, the use of battery systems will become an increasingly attractive option in energy production facilities. In addition, traditional power transmission systems will be supported, or even replaced, by fully electrical systems which allow energy to be stored e.g. in expandable battery systems.
The wide competence and experience of both companies, exchange of technical knowhow, common understanding of the challenges and boundaries of the technology create a solid foundation for a cooperation that aims at applying the two different technologies to conserving electrical energy and converting it into use in practical applications. This cooperation will bring immediate benefits to the mutual customers of Vacon and European Batteries.
Further information
o Heikki Hiltunen, Executive Vice President and Deputy to CEO, Vacon Plc, phone +358(0)40 8371 609, heikki.hiltunen@vacon.com
o Jukka Koskinen, CEO and President, European Batteries Oy, phone +358(0)40 184 2000, jukka.koskinen@europeanbatteries.com
Vacon in brief
Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and to provide efficient life-cycle services for its customers. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters are a key component in producing energy from renewable sources. We have R&D and production units in Finland, the USA, China and Italy, and sales & service offices in 27 countries. In 2011, Vacon had revenues of EUR 380.9 million and globally employed 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange. www.vacon.com
European Batteries in brief
European Batteries Oy develops and manufactures large, rechargeable lithium-ion-iron phosphate based prismatic cells and battery systems, utilizing the industry's leading technology and know-how. We are proud to present proven expertise and top-notch achievements in creating advanced battery solutions. As we continue to improve the overall quality of our systems as well as our production efficiency, we sincerely believe European Batteries is able to add substantial value for those looking to get more out of their investments in sustainable energy technologies.
www.europeanbatteries.com
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