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First power storage technology launched by ACME Cleantech

Named as EcoGrid Energy Storage System, the product is priced at Rs 3.5 lakh per unit of 5kVA. It would cost around Rs 29 per unit which is almost at grid cost

Shreya Jai  |  New Delhi 

Taking the lead position in the country for backup solutions powered by solar power, Gurgaon-based ACME Cleantech Solutions launched Lithium-ion based power storage technology for high energy storage.

Named as EcoGrid Energy Storage System, the product is priced at Rs 3.5 lakh per unit of 5kVA. The first target consumer base for this product would be residences, small commercial units and any industry where diesel consumption is high. It is looking to sell close to 5 Mw worth of units in the current fiscal. This roughly calculates into around 600-700 units.

The company has already launched the product in the European market through a MoU with a major European utility, the name of which the company didn’t disclose.

“With a life of 10 years and efficiency of 95 per cent, the product would cost around Rs 29 per unit which is almost at grid cost and the cost of diesel that commercial units pay,” said Samir Sharan, chief executive officer, ACME Cleantech.

The company will manufacture EcoGrid at its facility based in Rudrapur, Uttrakhand. It has already installed 700 kWh at defence establishments in Siachin and some residential and commercial locations in Uttar Pradesh and Haryana.

ALSO READ: Corporate funding in solar sector down to $5.9 billion in Q2 2015

“Lithium-ion technology has less maintenance and operation cost as compared to lead acid batteries or diesel generators. The system has been tested for higher efficiency in temperatures ranging from 10 to 55 degree Celsius, said Daiva Prakash, research and development head at ACME Cleantech.

ACME is one of the leading solar power project development company in the country. It currently has over 880 MW of projects at various stages of execution across several states in India. ACME committed developing 7500 MW of renewable energy through solar power projects by year 2019 in the RE-Invest-2015.

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First Published: Sat, July 18 2015. 22:30 IST