Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    86,309.75
    -1,778.79 (-2.02%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

EnBW, Bosch to cooperate in battery technology

Reuters
A logo of German power supplier EnBW Energie Baden-Wuertemberg AG is pictured at the companies headquarters in Karlsruhe, Germany March 17, 2015. REUTERS/Ralph Orlowski/File Photo (Reuters)

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)