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Canada to take energy storage to India’s telecom sector
A Canadian firm is looking to bring energy storage technology to India’s telecommunication industry. Panacis, a global developer and producer of safe, reliable and scalable lithium battery systems for energy storage systems, is introducing its products to mobile tower operators in India.
Tens of thousands of mobile towers are being targeted. The work is being done in cooperation with TaraSpan, a leading provider of market development services for Canadian technology companies wanting to enter India.
Jaswinder Kaur, VP-Cleantech at TaraSpan, said: “The Panacis lithium battery products are a natural fit for the Indian telecommunication market. With the greening of mobile towers using renewable energy, battery storage solutions will be an integral part of the solution to replace the dependence on diesel power for potentially tens of thousands of mobile towers.”
Panacis modular batteries are currently being used for primary power in off-grid telecommunication infrastructure in the USA. The company said they can also produce cost savings in India.
Mark Kershey, CEO, Panacis, said: “We are committed to exploring new markets as we continue to grow our company and our revenues. With more than 400,000 mobile towers installed and another 250,000 in planning, the telecommunications infrastructure market in India is one of the largest and fastest growing in the world.
“Our foray into India with TaraSpan, who have a proven track record with many leading Canadian technology products in the Indian telecommunication market, has very good scalable potential for Panacis,” he said.