CHINESE energy storage and electric vehicle company BYD has formed an alliance with power and automation technology company ABB to jointly develop new solutions for energy storage.

ABB said it would combine its grid storage and integrated marine systems with BYD’s experience in battery technology, in a bid to address worldwide energy storage requirements.

This collaboration will accelerate the introduction of new solutions for electric vehicle charging, the fast ramp up of renewables combined with energy storage in off-grid and on-grid solutions as well as battery and energy storage solutions for the fast growing marine segment, the company said.

ABB chief executive Ulrich Spiesshofer said he was pleased to build on the companies’ joint success so far.

“This next step will bring closer together two leading companies with highly complementary expertise and market access for electric energy storage,” he said.

The collaboration will focus on grid-connected energy storage, micro-grid applications, solar energy and marine applications.

In 2014, ABB introduced its EV fast chargers in China, supplying DC fast chargers for the new Denza electric car developed by BYD’s joint venture with Daimler.