Japanese multinational electronics giant Panasonic Corporation is bullish about its India energy storage business. Lithium-ion batteries have made it possible to completely remove Diesel Generators or minimize their need to an extent where DG sets only work as emergency backup, Atul Arya, Head-Energy Systems, Panasonic India tells Ankush Kumar in an exclusive interview. Edited excerpts..
How has Panasonic’s energy storage business in India performed?
Panasonic has been working in the Energy Storage Solution space in India since 2012-13. On a year-on-year basis, our energy storage business in India has been growing at a rate of 45-50 per cent. We are the market leaders in supplying lithium-ion batteries to telecom sector as well as multiple other mission-critical applications. Lithium-Ion batteries have mitigated the need for diesel generators to a very large extent. It has made it possible to completely remove the diesel generator or minimize the need to an extent where the DGs are only an emergency backup when there is no power for a very long duration. We have supplied batteries to around 40,000 telecom towers in the country in the last two-and-a-half years. In the mid-size battery segment, we have a market share of more than 35 per cent and want to make it 50 per cent in the next 2-3 years. Read More…
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