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New Delhi [India], January 24 (ANI/BusinessWire India): Aligning with the 'Make in India' and 'Innovate India' programs, Luminous Power Technologies Pvt. Ltd., Gurugram and CSIR-Indian Institute of Chemical Technology, (CSIR- IICT), Hyderabad have joined hands to develop a Rechargeable Aluminium Battery (RAB). An MOU was signed and exchanged between Preeti Bajaj, MD, Luminous Power Technologies and Director, CSIR-IICT in the presence of Amlan Kanti Das, Sr Vice-President; Abhishek Choudhury, IP & Technology Consultant on behalf of Luminous Technologies and Dr D. Shailaja, Chief Scientist & Chair, Business Development & Research Management, Dr J Vatsala Rani, Principal Scientist and Dr Pratyay Basak, Sr Principal Scientist from CSIR-IICT. Luminous Power Technologies has a strong market presence in providing energy storage solutions for solar and inverter applications. Over the years, the company has created a strong product portfolio in power backup solutions including the recently launched advanced Lead-acid gel batteries. CSIR-IICT, with its proven track record as a knowledge partner to the chemical sector are involved in developing materials that are used in alternate battery chemistries as next-gen technologies. Preeti Bajaj, MD, Luminous Power Technologies stated "This is indeed a proud day for Luminous Power Technologies. This agreement is a testament to our commitment to innovation in the Home Energy Storage Space. As an industry leader, we are excited to partner with CSIR-IICT to develop alternate energy storage options. We are particularly energized to see how we can value add to our consumers and industry by actively supporting the Science & Technology community." Dr Srinivasa Reddy, Director, CSIR-IICT said, "As per the mandate of our organization towards SDGs, our focus is to develop sustainable solutions using abundantly available materials on earth's crust and I am glad Luminous Power Technologies has joined us as industry partner to translate the environmentally friendly energy storage technology on Rechargeable Aluminium Battery being developed by our scientists."
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
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