Su-Kam Power Systems to invest Rs 300 crore in Himachal Pradesh, signs MoU with state government for Sustainable Energy Storage Park
Su-Kam Power Systems plans to invest around Rs 300 crore to manufacture renewable, e-mobility, and solar energy products in a Sustainable Energy Storage Park in near future.
Power solution provider Su-Kam Power Systems has signed a Memorandum of Understanding (MoU) with the Himachal Pradesh government to set up a Sustainable Energy Storage Park in the state.
The company plans to invest Rs 300 crore in the coming years and offer employment to more than 1000 people.
Su-Kam plans to produce e-mobility and solar energy products on the approximately 50-acre site at this Sustainable Energy Storage Park. As per the MoU, the company will be allotted the necessary land, along with external developments and other required infrastructure facilities. Additionally, it will receive connectivity to the highway and other incentives as per government norms.
Sanchit Sekhwal Goyal, Director, Su-Kam Power Systems, said that they plan to invest around Rs 300 crore in the coming years and expand in green energy such as renewable, e-mobility, and other sustainable energy product segments. "We will be producing EV batteries & chargers for both two and four-wheelers, solar panels, and expanding our solar range," he added.
Goyal further added, " Su-Kam's products range includes solar power generation system comprising of inverters, batteries, CCU etc. inverters, and batteries. The Energy Storage Systems Division of Su-Kam is committed to developing futuristic products, moving towards the next generation of energy storage systems. We are very soon going to launch Lithium-ion batteries also."
Goyal also shared his views on the government's efforts to promote green and renewable energy in the state, stating, “The government is playing a significant role in promoting green energy and encouraging individuals to contribute towards achieving zero carbon emissions. Additionally, the government is supporting manufacturers with industry-friendly policies."
The Himachal Pradesh government has already replaced its entire fleet of government vehicles with EVs, becoming the first state in India to do so. Su-Kam is working on its R&D side to launch lithium-ion batteries and is also considering entering the two-wheeler & commercial EV market in the coming years.
Tata Motors Finance partners with PASCO to introduce digital credit facility for commercial vehicle servicing and maintenance
The facility will help fleet owners and commercial vehicle users to avail of the spot credit line through Tata Motors Fi...
GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
The new facility will benefit from financial support from the State of France.
FAME subsidy: In third petition, CBITA talks about effectiveness of MHI EV policy and purpose of subsidies
The body goes on to add that the fuel-based ICE scooter lobby has constantly complained about the price equivalence that...