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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