Canada-based Electrovaya Inc. has signed a memorandum of understanding (MoU) with Environ Energy Corporation India to supply lithium ion battery-based storage solutions for renewable energy installations for telecom applications in India.
Under the agreement, Electrovaya would supply renewable energy management solutions across the 15,000 telecom towers that Bhaskar is planning to build in the country, which is followed by a recent Telecom Regulatory Authority of India (TRAI) decision to mandate renewable energy power for telecom towers.
“We have been researching opportunities in the solar industry for some time and have been awaiting an opportunity that could leverage the growing recognition by key regulators about the need to replace diesel generators with clean technology environmentally-friendly energy storage solutions,” said Partha Chatterjee, telecom head, Environ Energy.
In addition to the TRAI mandate, India’s Ministry of New and Renewable Energy is currently offering a 30 per cent capital subsidy for solar systems accompanying off-grid telecom towers up to Rs 90 ($1.6) per watt peak.
Electrovaya’s technology has been commercialised and brought into market with the support of Sustainable Development Technology Canada.
