ACME, a leader in energy management and innovative solutions for alternate energy sector is planning to install 110 MWh of Lithium Ion batteries in India & Africa in telecom, solar power, defence sectors and other allied industries in India and the Africa.

Fort this ACME has tied up with South Korean energy storage system giant Samsung SDI, part of the Samsung, to manufacture and marketing of lithium ion batteries.
 
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.
 
As per an estimate by Frost & Sullivan, the global market for Li-Ion segment was around $11.7 bn in year 2012 with 64% share of consumer batteries i.e. mobile phone, cameras, laptop, tablet PC and power tools, etc.  This is expected to grow to double by 2016   and “the share of consumer batteries in the overall segment to be reduced to 52% and industrial usage to grow multifold”
 
In India, this technology will help several industries including telecom, utilities, defense, off-grid, logistics and many more.
 
“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 said,” 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.”