HEG Subsidiary Replus Engitech Signs MoU with Indus Towers for Energy Storage

AI Summary

HEG Advanced Materials Ltd. announced that its subsidiary, Replus Engitech Private Limited, has signed a Memorandum of Understanding (MoU) with Indus Towers Limited. This collaboration aims to explore Battery Energy Storage System (BESS) solutions for India's telecom infrastructure. Replus plans to dedicate 1.5 GWh of BESS production capacity over two years and expand its offerings to include higher-capacity systems and emerging technologies like sodium-ion batteries. The initiative seeks to strengthen domestic manufacturing and contribute to India's energy transition and a resilient energy storage ecosystem.

Key Highlights

HEG subsidiary Replus Engitech partners with Indus Towers.
Focus on Battery Energy Storage Systems (BESS) for telecom.
1.5 GWh production capacity to be made available.
Exploration of advanced battery technologies like sodium-ion.
Aims to bolster India's energy storage ecosystem.

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