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Deeya Energy targets $20bn Indian energy storage market

Mon, 02/11/2013 - 17:36 -- Ruth Williams

US-based flow battery developer Deeya Energy said it is targeting India’s $20billion energy storage market to reduce the country’s dependence on diesel.

Deeya Energy is developing ESP3, a 2.5kW, 10kWh redox flow battery for small-scale stationary energy storage applications. Ravi Sharma, Deeya’s new Global Director, said the “breakthrough (storage) technology” would help in replacing diesel gensets.

“India will be the launch pad for this technology. India is a key market for us. The whole of South Asia, Middle East and Africa will also be big markets for this technology,” said Sharma, the former CEO of Adani Power.

According to Press Trust India, Sharma said Deeya Energy, which has already set up a manufacturing facility in Gurgaon (a suburb of New Delhi), would soon start supplying the batteries to telecom and power entities.  “We have done the testing with telecom and tower companies. We have also done it with power companies such as Power Grid and some other railway signalling schemes. After doing some fine tuning, we found that they have approved our batteries to be used,” said Sharma.