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Topics: Industry, manufacturing

Cavotec wins breakthrough cleantech order for industrial battery charging worth over EUR 3M

Cavotec wins breakthrough cleantech order for industrial battery charging worth over EUR 3M

In a major development signalling Cavotec’s entry into industrial battery charging for heavy duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks. The value of this first order is over EUR 3M with a potential for follow up orders, opening up a market that is estimated to be worth several hundred million euros in the coming years.

“We are on a mission,” says Cavotec CEO Mikael Norin.

Cavotec to accelerate focus on cleantech - will invest 20 million euro to solidify leading position in expected multibillion euro market

The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.

All set: a shore power dispenser unit charging the Vision of the Fjords at the Flåm berth in Norway.

Shore power, charging infrastructure could cut CO2 emissions in Norway by 12.5 million tonnes

Shore power and charging infrastructure could reduce CO2 emissions by as much as 12.5 million tonnes at ports in Norway every year – this is one of the main conclusions of a report compiled by a pool of experts from ABB, DNV GL, the Port of Oslo, and Cavotec, working under the auspices of ReCharge, an initiative that seeks to pave the way for zero emission ports in the Scandinavian country.

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We connect the future.

Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.

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