Indian Energy management firm Acme has tied up with South Korean company Samsung SDI to manufacture and market lithium-ion batteries in telecom, solar power, defence sectors and other allied industries in India and the African continent.
Acme will be the sole partner of energy storage system giant Samsung SDI in India and African markets.
Acme will have the exclusive right to use Samsung SDI’s technology and will aim for sales of up to 110 MW of lithium-ion batteries by FY16 in these two regions.
Commenting on the strategic agreement, Acme Chairman and Managing Director Manoj Kumar Upadhyay said: “We are taking major steps to solve the challenges of the energy industry by having a right storage solution from KW to MW class. This will help users to replace their diesel generators, invertors and at the same time help utilities to schedule their renewable energy generation as per the demand.”
He further said the unique strength of the two partners will be able to create and offer disruptive and right solutions for the Indian market to resolve issues related to back up power and distributed generation.