EnBW, Bosch to cooperate in battery technology

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)