SYDNEY, Australia — Monday 13th February, 2017: Australian renewable energy storage company Ecoult, has announced it has formed a partnership with Exide Industries Ltd, the largest battery manufacturer in India.
The partnership will see Ecoult’s energy storage system and solution technologies, which complement the breakthrough UltraBattery technology, manufactured and distributed in India and South Asia. The UltraBattery technology was invented by CSIRO and battery monitoring and management systems are being developed by Ecoult with funding from its parent company East Penn Manufacturing Co Inc and the Australian Renewable Energy Agency (ARENA).
Gautam Chatterjee, CEO, Exide Industries, is enthusiastic about adding Ecoult’s products to its portfolio. Commenting on the new partnership, he said, “UltraBattery technology operating in partial state of charge is well suited for supporting variable power needs in India’s hot climate, making it a timely and pertinent addition to our product suite. There is enormous opportunity for the product in our country and it will play a critical role in India’s ambitious renewable energy and energy storage program.”
Exide Industries and Ecoult will target both new and Exide Industries’ existing energy storage customers to provide power to both off grid and on grid sites, with an early focus on extending the work Ecoult has done in the telecommunications sector in Australia where it has developed innovative diesel-saving systems to better than halve the running costs of off-grid telecom sites. Ecoult’s telecoms solutions are also well suited (and currently being trialled in India) to off-grid applications in rural communities, which will in turn, bring services like health, education and economic benefit, and improve overall quality of life for local residents.
Exide Industries will also promote use of UltraBattery for grid support and stability via ancillary services. Such services are important in India, given the frequency of power outages; but it is particularly relevant that UltraBattery is a world leading technology for dual-purpose applications, since this allows grid support to be combined with renewable smoothing and diesel efficiency within a single installation. This maximises battery usage 24/7 while still providing the uninterrupted power supply (UPS) required of traditional standby / backup batteries, which must always be ready for full output during unexpected energy lapses.
John Wood, Ecoult CEO said, “We are very impressed with Exide Industries’ production quality, as well as their scale and reach in the Indian and South Asian markets and are delighted that we can work alongside Exide Industries with our UltraBattery based systems and solutions. UltraBattery is fast responding, fast charging and versatile. Its continuous partial state of charge operation allows it to contribute to emissions reduction, both from increasing the efficiency of diesel generation and from increasing the proportion of renewable energy generation in hybrid systems. This is a step toward our ambition to integrate more renewables into grids and microgrids. It also helps solve one of the most pressing issues in our time – making renewable energy continuously available around the world.”
Recently the Institute for Transformative Technologies (ITT) selected Ecoult’s UltraFlex technology to be tested as one of the possible storage technologies under its rural electrification program.
The Exide Industries partnership is another example of Ecoult’s ability to develop this important technology suitable for one of the world’s fastest-growing economies.
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