Volvo Group’s engine plant in Skövde, Sweden, has been awarded up to €49 million from the EU Innovation Fund to support the CarbonSmart Factory project: SPACE. This initiative aims to advance Volvo’s transformation through net-zero innovation and clean technology.
“We transition towards sustainable foundry operations by electrifying key processes and integrating AI technologies, reducing CO₂ emissions by 88% from our manufacturing process. This project is a vital part of Volvo Group’s journey towards net-zero emissions.” says Rickard Lundberg, Vice President Powertrain Production Skövde Plant.
The initiative is an ambitious transformation project aiming for significant reduction of CO₂ emissions from manufacturing processes within Skövde Plant. With support from the EU, the plant will become a pioneering example of decarbonized heavy manufacturing.
Driving Industry Leadership in Sustainability
Central to this transformation is the integration of green technologies, including: (....)