Saturday, November 30, 2013: ACME has plans to install 110 MWh of Lithium Ion batteries in India and Africa in telecom, solar power, defence sectors along with other allied industries in both the countries. ACME is a leading player in energy management and innovative solutions for alternate energy sector.
The firm has come together with Samsung SDI to manufacture and marketing of lithium ion batteries.
TelecomTiger reported that as per the agreement, ACME will be the Sole Partners of Samsung SDI in India and Africa markets, has the exclusive right to use Samsung SDI’s technology and will aim sale of upto 110 MWh of lithium ion batteries by FY 2016in the above two regions.
An estimate given by Frost & Sullivan states that the global market for Li-Ion segment was around $11.7 billion in year 2012 with 64 per cent share of consumer batteries i.e. mobile phone, cameras, laptop, tablet PC and power tools, etc. This number is expected to grow to double by 2016 .
This technology will help a number of industries in India raning from telecom, utilities, defense, off-grid, logistics and others.
“Samsung SDI being world’s biggest Lithium Ion Battery manufacturer and leader in technology and innovation, is our partner for manufacturing and marketing Energy Storage System (ESS) solution in India and Africa. We believe the unique strength of the two partners will be able to create and offer disruptive and right solutions for the Indian market to resolve issues related to back up power and distributed generation,” said Manoj Kumar Upadhyay, chairman and managing director, ACME.
KH Kim, vice president, Marketing and Sales, Samsung SDI told TelecomTiger,” By this strategic alliance with ACME, Samsung SDI will make a milestone to expand our business of the energy storage system in India and Africa market. As a leading company of LIB-ESS industry, we will keep continuing to explore the market in India and Africa. We believe, with Samsung’s quality, capability and ACME’s network, we can reach our goal to become No.1 in this LIB-ESS business.”