Alfa Laval, a heavy industry company, and Aalborg CSP, a renewable energy specialist ,agreed to form a joint venture. Financial terms were not disclosed. "By joining forces with Aalborg CSP, we are taking a significant step towards achieving our shared vision of a sustainable energy future. Together, we will drive the development of cutting-edge long duration energy storage solutions, in the belief that to solve some of the big challenges we are facing, we need to combine knowledge and resources," Thomas Møller, Alfa Laval President of Energy Division.