EnBW, Bosch to cooperate in battery technology

Reuters News
Posted: Feb 03, 2017 4:56 AM

FRANKFURT (Reuters) - German utility EnBW on Friday said it would cooperate with car supplier Bosch [ROBG.UL] on the development of batteries for the energy market, highlighting the importance of storage technology across industries.

In a first step, the companies will form a project company to build battery modules for EnBW's power plant in Heilbronn, Germany, aiming to stabilize the energy grid in times of demand swings, a major problem in times of increased supply from wind and solar.

No financial details were disclosed.

(Reporting by Christoph Steitz; Editing by Victoria Bryan)