(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it has signed a new partnership with Echandia, the Swedish energy systems supplier.
Harland & Wolff is a London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland.
The partnership will see Harland & Wolff (Technologies) Ltd work with Echandia on the development of its battery technology, helping to increase the capability of the batteries and scaling the technology for new vessel types.
"H&W Technologies was recently established by Harland & Wolff to drive forward the development of new technological solutions for the maritime sector. These include batteries, future fuels and systems integration as well as the provision of in-service support," Harland & Wolff explained.
The partnership gives H&W exclusive distribution rights for battery sales in the UK, Ireland and Australia for the maritime sector.
Chief Executive Officer John Wood said: "We are delighted to announce this new partnership, which will see Harland & Wolff Technologies working with Echandia to assemble, integrate and test the next generation of battery systems for the maritime sector.
"We are committed to developing and bringing to market the best possible solutions for our customers and this partnership will enable us to do that on batteries across the commercial, leisure, offshore and defence industries."
Shares in Harland & Wolff closed up 1.0% to 13.08 pence each in London on Friday.
By Sophie Rose, Alliance News reporter
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Harland & Wolff (HARL)