GOTHENBURG: Volvo Penta, part of the Volvo Group, has become the majority shareholder of Norwegian Zero Emissions (ZEM) solutions supplier.
Based in Høvik, Norway ZEM was founded in 1993 as an advisor to the maritime and offshore sector to design battery and hybrid solutions. Today, the company has delivered battery solutions to ferries, offshore supply vessels, high-speed passenger ships, lifeboats and the aquaculture sector.
“As a part of the Volvo Group’s great electromobility initiatives, Volvo Penta has a solid technology foundation to leverage. Marine electromobility, however, has a unique set of requirements,” said Volvo Penta CTO Peter Granqvist. “There are very specific considerations of utmost importance around the installation environment, safety, the use case itself as well as the current lack of charging infrastructure.
“The ambition of this fantastic acquisition is to take another step forward in our electromobility development, thanks to the specialized marine competence and offer that ZEM has today,” he added.
ZEM has led research projects to evaluate the performance of lithium ion batteries and is currently working with Nissan to understand the battery degradation and second life use-cases. It has collaborated with DNV-GL to develop guidelines for the safe and effective implementation of batteries in the maritime sector.
“Joining forces with Volvo Penta marks the start of an exciting new phase for ZEM,” commented founder Jan-Olaf Willums. “Our two companies are aligned on such core values as safety and environmental protection and we both have that Scandinavian pioneering spirit. Volvo Penta’s name and market reach will help propel us into new electromobility markets.”
Story Type: News