15/06-2018 09:00:00: (VOLV-A.ST, VOLV-B.ST) Technology award recognizes concept that improves fuel efficiency in excavators
A concept for a smart hydraulic hybrid excavator from Volvo Construction Equipment has received the Volvo Technology Award 2018.
Engineers from Volvo Construction Equipment (Volvo CE) are celebrating after winning the Volvo Technology Award for their smart hydraulic hybrid excavator concept. The innovation - which is currently just a concept and is largely being kept under wraps - delivers significant improvements in fuel efficiency and productivity, thanks to the use of an electronically-controlled hydraulics system, energy recovery system and pump optimization. At this stage, the machine is not commercially available. Future plans for industrialization are under investigation.
"I am extremely proud that the smart hydraulic hybrid excavator concept has received this award," says Chunhan Lee, Volvo CE Emerging Technologies Research Engineer, who helped develop the concept. "This innovation delivers substantial improvements in fuel efficiency and productivity, which could help to save customers' money and reduce emissions. The entire team that worked on this project is thrilled that the judges have recognized its significance."
The Volvo Technology Award recognizes outstanding technical advances made by Volvo Group personnel which contribute to the enhancement of the Group's high-tech competitiveness and technological expertise. The winners of this year's Volvo Technology Award are: Chunhan Lee, Dongsoo Kim, Sangmin Gwon, Taerang Jung, Gijun Yoon and Namgyu Kim, all of who are Volvo CE employees.
"Being a technology leader is crucial for us in our ambition to provide our customers with the best possible solutions," says Lars Stenqvist, Volvo Group Chief Technology Officer. "The smart hydraulic hybrid excavator concept is a great example of how our engineers keep pushing the boundaries of what is possible today, leading to new levels of efficiency and productivity in future products."
15 June, 2018
Journalists who would like further information, please contact:
Joakim Kenndal, tel +46 31 323 72 29
For more information, please visit volvogroup.com/press (http://www.volvogroup.com/press)
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs almost 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2017 the Volvo Group's sales amounted to about SEK 335 billion (EUR 35 billion). The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on Nasdaq Stockholm.
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