The company will produce battery charging systems for mining trucks from 2023
Cavotec has been signed on to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks.
Cavotec says the major development helps signal its entry into industrial battery charging for heavy-duty vehicles and the value of the first order is over $3.2 million with a potential for follow-up orders.
The order could open the market and help Cavotec emphasise the importance of battery charging applications on trucks.
Cavotec is a green energy technology company and will develop a proof-of-concept solution for electrically powered heavy-duty vehicles high-voltage charging at mining applications in Australia.
The project is expected to be delivered from the beginning of 2023 and will underline Cavotec’s development of large-scale industrial battery charging solutions and technologies that help industries decarbonise their environmental impact, according to Cavotec.
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“This key order highlights how Cavotec’s clean tech expertise is enabling its customers to achieve sustainability by providing the tools for electrification of heavy-duty equipment,” Cavotec CEO Mikael Norin says.
“I’m pleased that the considerable investments we have made in technology and capabilities in the last year since announcing our strategy to focus on cleantech for industrial applications are starting to pay off.”