Volvo Group Receives EU Innovation Support for CarbonSmart Initiative
Volvo Group (OTC:VLVLY) has secured up to €49 million in EU Innovation Fund support for its CarbonSmart Factory project at the Skövde engine plant in Sweden. The initiative aims to transform manufacturing operations through innovative clean technology implementation, targeting an 88% reduction in CO₂ emissions.
The project introduces advanced green technologies including electric furnaces powered by green electricity, hydrogen fuel systems, and AI-powered energy management. Three innovative energy storage solutions - Iron Battery, Hydrogen Battery, and Water Battery - will be implemented to optimize energy usage and address grid capacity challenges.
Volvo Group (OTC:VLVLY) ha ottenuto un sostegno fino a 49 milioni di euro dal Fondo per l'Innovazione dell'UE per il suo progetto CarbonSmart Factory presso lo stabilimento motori di Skövde, in Svezia. L'iniziativa mira a trasformare le operazioni produttive attraverso l'implementazione di tecnologie pulite innovative, con l'obiettivo di una riduzione dell'88% delle emissioni di CO₂.
Il progetto introduce tecnologie verdi avanzate, tra cui forni elettrici alimentati da energia verde, sistemi a idrogeno e gestione energetica basata su intelligenza artificiale. Verranno implementate tre soluzioni innovative di accumulo energetico - Batteria al Ferro, Batteria a Idrogeno e Batteria ad Acqua - per ottimizzare l'uso dell'energia e affrontare le sfide legate alla capacità della rete elettrica.
Volvo Group (OTC:VLVLY) ha asegurado hasta 49 millones de euros en apoyo del Fondo de Innovación de la UE para su proyecto CarbonSmart Factory en la planta de motores de Skövde, Suecia. La iniciativa busca transformar las operaciones de fabricación mediante la implementación de tecnología limpia innovadora, con el objetivo de una reducción del 88% en las emisiones de CO₂.
El proyecto introduce tecnologías verdes avanzadas, incluyendo hornos eléctricos alimentados por electricidad verde, sistemas de combustible de hidrógeno y gestión energética impulsada por IA. Se implementarán tres soluciones innovadoras de almacenamiento de energía - Batería de Hierro, Batería de Hidrógeno y Batería de Agua - para optimizar el uso de energía y abordar los desafíos de capacidad de la red.
Volvo Group (OTC:VLVLY)는 스웨덴 스코브데 엔진 공장에서 진행하는 CarbonSmart Factory 프로젝트를 위해 EU 혁신기금에서 최대 4,900만 유로의 지원을 확보했습니다. 이 프로젝트는 혁신적인 청정 기술 도입을 통해 제조 공정을 혁신하며, 이산화탄소 배출량을 88% 감축하는 것을 목표로 합니다.
이 프로젝트는 녹색 전기로 구동되는 전기용광로, 수소 연료 시스템, AI 기반 에너지 관리 등 첨단 친환경 기술을 도입합니다. 에너지 사용 최적화와 전력망 용량 문제 해결을 위해 철 배터리, 수소 배터리, 물 배터리 등 세 가지 혁신적인 에너지 저장 솔루션이 적용될 예정입니다.
Volvo Group (OTC:VLVLY) a obtenu jusqu'à 49 millions d'euros de soutien du Fonds pour l'Innovation de l'UE pour son projet CarbonSmart Factory dans l'usine de moteurs de Skövde, en Suède. Cette initiative vise à transformer les opérations de fabrication grâce à la mise en œuvre de technologies propres innovantes, avec pour objectif une réduction de 88 % des émissions de CO₂.
Le projet introduit des technologies vertes avancées, notamment des fours électriques alimentés par de l'électricité verte, des systèmes à hydrogène et une gestion énergétique pilotée par l'IA. Trois solutions innovantes de stockage d'énergie – batterie au fer, batterie à hydrogène et batterie à eau – seront mises en place pour optimiser l'utilisation de l'énergie et relever les défis liés à la capacité du réseau.
Volvo Group (OTC:VLVLY) hat für sein CarbonSmart Factory-Projekt im Motorenwerk Skövde in Schweden eine Förderung von bis zu 49 Millionen Euro aus dem EU-Innovationsfonds erhalten. Das Vorhaben zielt darauf ab, die Fertigungsprozesse durch den Einsatz innovativer sauberer Technologien zu transformieren und eine 88%ige Reduzierung der CO₂-Emissionen zu erreichen.
Das Projekt führt fortschrittliche grüne Technologien ein, darunter elektrisch betriebene Öfen mit grünem Strom, Wasserstoff-Brennstoffsysteme und KI-gestütztes Energiemanagement. Drei innovative Energiespeicherlösungen – Eisenbatterie, Wasserstoffbatterie und Wasserbatterie – werden implementiert, um den Energieverbrauch zu optimieren und Herausforderungen der Netzkapazität zu bewältigen.
- Secured €49 million in EU Innovation Fund support for sustainability initiatives
- Project targets 88% reduction in CO₂ emissions from manufacturing processes
- Implementation of three innovative energy storage solutions to improve operational efficiency
- Integration of advanced green technologies including AI-powered energy management
- Significant capital investment required for plant transformation
- Project implementation may face grid capacity limitations
- Dependency on successful integration of multiple new technologies
"We transition towards sustainable foundry operations by electrifying key processes and integrating AI technologies, reducing CO₂ emissions by
The initiative is an ambitious transformation project aiming for significant reduction of CO₂ emissions from manufacturing processes within Skövde Plant. With support from the EU, the plant will become a pioneering example of decarbonized heavy manufacturing.
Driving Industry Leadership in Sustainability
Central to this transformation is the integration of green technologies, including:
- Electric furnaces powered by green electricity
- Hydrogen replacing propane, as a fossil-free fuel alternative
- Advanced heat recovery systems to capture and reuse energy
- Cutting-edge AI-powered energy management to optimize energy use across operations
The project will also introduce three innovative solutions for energy storage, allowing the plant to balance energy use and production.
- Iron Battery: Uses existing furnaces to store energy for high-demand times.
- Hydrogen Battery: Uses green hydrogen, adding possibilities to store energy seasonally.
- Water Battery: Reuses hot water to reduce energy needs for heating and melting processes.
Together, these systems will allow the plant to balance energy use and production, improving operational flexibility while addressing grid capacity limitations that many large-scale electrification projects face.
The Skövde plant is conditionally granted up to
June 24, 2025
For more information, contact:
Rickard Lundberg
VP Powertrain Production Skövde Plant
rickard.lundberg@volvo.com
+46 790 62 43 78
Maria Hillerström
Manager Communication Strategy Skövde Plant
maria.hillerstrom@volvo.com
+46 735 58 84 97
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.
Funded by the European Union
Emission Trading System
Innovation Fund
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