Volvo CE Awarded SEK 59 Million Grant
Volvo Construction Equipment has been awarded a SEK 59 million grant from the Swedish Energy Agency to develop new technology connected to electro-mobility which could transform the construction equipment industry. The Swedish Energy Agency and two Swedish universities ? Link?pings universitet and M?lardalens h?gskola ?are to collaborate on a SEK 203 million project that will see Volvo CE develop a range of solutions that benefit customers and the environment. Volvo CE has been working on the technologies that will be applied in this project for some time now. The company will continue to develop the concepts in-house before Skanska Sweden incorporates the machines into its operations in 2017 ? proving the technology is viable for the industry. The project aims to deliver significant reductions in fuel consumption, emissions and total cost of ownership while also improving productivity. ?This project involves creating new concepts which are part of our long-term future vision. The work that we?ll do over the next few years has the potential to change the entire construction industry,? says Anders P. Larsson, executive vice president of Volvo CE?s Technology function.