Su-Kam Power Systems to establish Sustainable Energy Storage Park in Himachal
Indian power solutions provider Su-Kam Power Systems Limited has signed a MoU with the Government of Himachal Pradesh to set up a 'Sustainable Energy Storage Park' in the state. The project aligns with the government's vision of zero-carbon emissions and promoting green and renewable energy, the company said in a press statement.
Further, the company has revealed its plans to invest around ₹ 300 crore to manufacture renewable, e-mobility, and solar energy products including E2W and E4W batteries and chargers in the proposed 50-acre Sustainable Energy Storage Park in near future.
As per the MoU, Su-Kam will be allotted the necessary land, along with external developments and other required infrastructure facilities. Additionally, it will receive connectivity to the highway and other incentives as per the government norms, the company claims.
Sanchit Sekhwal Goyal, Director, Su-Kam Power Systems, commented on the development, "We plan to invest around ₹ 300 crore in the coming years and expand in green energy such as renewable, e-mobility, and other sustainable energy product segments. We will be producing EV batteries and chargers for both two and four-wheelers, solar panels, and expanding our solar range."
Elaborating on the products, Goyal added, "Su-Kam's products range includes solar power generation system comprising of inverters, batteries, ccu etc. The Energy Storage Systems Division of Su-Kam is committed to developing futuristic products, moving towards the next generation of energy storage systems. We are very soon going to launch Lithium-ion batteries also."
"The government is playing a significant role in promoting green energy and encouraging individuals to contribute towards achieving zero carbon emissions. Additionally, the government is supporting manufacturers with industry-friendly policies", he said.
The company is said to be working on its R&D side to launch lithium-ion batteries, and is also considering entering the two-wheeler and commercial EV market in the coming years.
With a vast network of over 10,000 dealers in India and a presence in more than 70 countries worldwide, Su-Kam has a strong global presence as well. The company boasts an in-house government-approved R&D centre and an extensive dealer, distributor, and service network for its solutions in the power and renewable energy sector.