A UK-based company is eyeing its first revenue earnings from India next year through a joint venture in the energy storage business and is also scouting for more partners in both the energy storage and solar energy segments.
Sunderland-based Power Roll has tied up with Delhi-based Deki Electronics to produce low-cost, smaller and longer life capacitors in a joint venture, which is expected to start production in the second half of 2019.
The company officials were in the city to scout for potential partners for both capacitors as well as solar photovoltaic cells that can offer cost-effective energy solutions.
"The purpose of the company is to develop and commercialize disruptive energy technologies. These fall into two main streams - solar PV and energy storage."
"We are in the development phase. We have spent time and money in proving the science. We have patents in 47 countries, including India. We are now looking to earn our first revenues in 2019 and that will come from India," said Neil Spann, managing director of Power Roll.
