Panasonic and US-based AES inked agreement to install energy storage project in Haryana

Posted on:20 Apr 2016 14:54:09
Panasonic and US-based AES inked agreement to install energy storage project in Haryana
20 April 2016 Current Affairs: Panasonic India and AES India Private Limited on 18 April 2016 announced an agreement to construct a 10 MW energy storage array at Panasonic's Technopark manufacturing facility in Jhajjar, Haryana.This joint project is the first large-scale battery-based energy storage project in India.

Project : The storage will provide daily reliability and back-up to the manufacturing facility, while demonstrating grid stability and renewable integration services in the region.The project combines Panasonic’s capabilities as India’s leading lithium-ion battery supplier with AES Energy Storage’s Advancion® platform.While AES operates 116 MW of energy storage projects around the globe, this project signifies AES’ entry into the commercial and industrial energy storage market.

AES : The AES Corporation is a Fortune 200 company that generates and distributes electrical power.The company was founded on 28 January 1981 as Applied Energy Services by Roger Sant and Dennis Bakke.AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies.The company generates and distributes electric power in 27 countries and employs 27000 people worldwide.

Panasonic : Panasonic Corporation is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan.It was formerly known as Matsushita Electric Industrial Co. Ltd. The company was founded in 1918 and has grown to become one of the largest Japanese electronics producers. Panasonic is the world's fourth-largest television manufacturer by 2012 market share.

 

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