Avantha Group Company Crompton Greaves (CG) and CEA (LITEN) have agreed to cooperate for a period of 12 months to investigate market potential and opportunities for Solar Photo Voltaic (PV) system with storage function for Indian Airports. The agreement was formally announced during the recently held India-France Business Summit in Chandigarh. There is no capital investment in the first phase of this collaboration, however following investigation if found suitable, the companies intend to set up manufacturing facilities using CG’s infrastructure and expertise in India and technology knowhow of CEA for commercialising the business opportunity. Being a critical infrastructure, Airports need significant energy backup. Use of Solar PV with battery backup is an innovative solution that will enable Indian airports to reduce carbon emissions by moving over the traditional diesel generator (DG) sets, at the same time make it an economical option given the considerable Time of Day (TOD) charges levied.
The collaboration synergises the strategic strengths and complementary competencies of both establishments - CEA with its significant expertise in Photovoltaic (PV) and battery storage technologies and CG an established player in AC substations in solar plants with significant market reach with large customers.
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 10,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation and industries.
| Company Name | CMP |
|---|---|
| Havells India | 1328.20 |
| Siemens | 3718.90 |
| Apar Inds | 11713.20 |
| ABB India | 7254.80 |
| Waaree Energies | 3474.00 |
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