In what it says is a major development signalling its entry into industrial battery charging for heavy-duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks.

The value of this first order is over €3 million ($3.2 million) with a potential for follow-up orders, the company said. It is expected to open up a market that is estimated to be worth several hundred million euros in the coming years, it added.

Building on Cavotec’s experience with fast, high-power charging for marine applications and working closely with the customer – a leading green energy technology company – Cavotec will develop a solution to serve as a proof-of-concept for high-voltage charging of electrically-powered heavy-duty vehicles at a mining application in Australia.

This important project,  expected to be delivered from the beginning of 2023, highlights how Cavotec is leading the development of large-scale industrial battery charging solutions and technologies that will enable industries to decarbonise and reduce their environmental impact, it said.

Mikael Norin, CEO of Cavotec, said: “This key order highlights how Cavotec’s clean tech expertise is enabling its customers to achieve profitable sustainability by providing the tools for electrification of heavy-duty equipment, a market that is set for considerable growth in the years ahead. 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 marine and industrial applications are starting to pay off.”