Vestas launches investment platform eying power storage and PtX

By establishing Vestas Ventures, the wind turbine manufacturer aims for early entry in startups working on sustainable energy products.
Photo: Jan Dagø/ERH
Photo: Jan Dagø/ERH

Three years back, Vestas invested in Swedish battery company Northvolt. The timing was a fine fit with the OEM's focus shift from only playing on the wind power field to pursuing a broader business model within sustainable energy.

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