ACME to install Africa's first Li-ION based Energy Storage Solution

ACME, a leader in energy management and innovative solutions for alternate energy sector with presence in solar power generation, today announced that it has bagged the order for Africa's first installation of Li-Ion based Energy Storage Solutions in African continent for a leading African telecom player and tower company.

This installation will be done by ACME under its exclusive and strategic agreement with Korean energy storage system giant to manufacture and marketing of lithium ion batteries in telecom, solar power, defence sectors and other allied industries.

This installation marks ACME's entry into African continent with vast scope of efficient energy storage solutions considering the high usage of polluting fuel-based energy generation.

Announcing this feat, Mr. Harish Goyal, Chief Marketing Officer, ACME said, "This solution is the future of energy storage solutions and holds great prospects for high energy-consuming sectors like telecom, realty, renewables and many more. This green solution has revolutionized the way we store energy by efficiently managing the energy needs in the financially competitive market segment while being challenged environmentally."

He further added, "This is another step forward by ACME to solve the biggest challenge of the global energy industry by offering the right storage solutions from Kilo Watt to Mega Watt class. This will help users to replace their diesel generators and cut down on the carbon foortprint with higher efficiency."

While this new-age ESS has a miniscule share in the overall energy storage segment, it will capture 50% share globally in this segment by year 2020.

ACME and its Korean partner aim to sale of up to 110 MWh of lithium ion batteries by FY 2016 in India and African continent.

Source : Equity Bulls

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