Volvo CE launches SEK203 million project

Volvo Construction Equipment (Volvo CE) has been awarded a SEK59 million grant from the Swedish Energy Agency (SEA) to develop new technology connected to electromobility, which could transform the construction equipment industry. The project aims to deliver significant reductions in fuel consumption, emissions and total cost of ownership, whilst also improving productivity.

A collaboration to develop solutions which benefit customers and the environment

Volvo CE has teamed up with its customer Skanska Sweden, the SEA and two Swedish universities – Linköpings universitet and Mälardalens högskola – in order to collaborate on a SEK203 million project that will see the company develop a range of solutions that benefit both customers and the environment. Volvo CE has been working on the technologies that will be applied in this project for some time. The company will continue to develop the concepts in-house before Skanska Sweden incorporates the machines into its operations in 2017, thus proving that the technology is viable for the industry.

“This project involves creating new concepts which are part of our long-term future vision,” says Anders P. Larsson, Executive Vice President of Volvo CE’s Technology function. “The work that we’ll do over the next few years has the potential to change the entire construction industry,” he continued.

Working together and investing in new technologies

The SEA is a government agency for national energy policy issues. It works for the use of renewable energy, improved technologies, a smarter end-use of energy and the mitigation of climate change. “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,” says Larsson. “We are proud and grateful to have received this funding and are excited to start work on this future-oriented project.”

The initiative is jointly funded with Volvo CE investing SEK129 million, the SEA providing SEK65 million and Skanska Sweden is contributing SEK9 million. It is due to be completed in 2018.

Adapted from press release by Katherine Guenioui

Read the article online at: https://www.worldcement.com/europe-cis/24062015/volvo-ce%20launches-sek203-million-project-63/