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ENERGY STORAGE SYSTEM MoU ACCELERATES HYBRID POWER IN INDIA

ENERGY STORAGE SYSTEM MoU ACCELERATES HYBRID POWER IN INDIA

Wednesday, February 10, 2021 

Canadian energy storage company Sterling PlanB has signed a Memorandum of Understanding (MoU) with Government of India company Garden Reach Shipbuilders and Engineers (GRSE), intended to facilitate an increase in access to hybrid and fully electric propulsion and power solutions expertise throughout India.

The MOU comes at a time when increasing pressure from international regulators to achieve emission reduction targets means that all facets of industry must rapidly adjust their operations. Many government and non-government operators in India are looking to zero emissions and low carbon solutions.

Under the agreement, GRSE and Sterling PlanB will "explore avenues to collaborate to effectively leverage each other's competence and strengths in adopting Electric/Hybrid Propulsion in ships by way of undertaking new design development to offer state of the art environmentally friendly ships to customers".

Sterling PlanB CEO, Brent Perry said: "We are very pleased to be selected by such a respected and important organisation. Their shipbuilding expertise in India is second to none. We look forward to working with GRSE to provide their team with strategic expertise in the practical application of energy storage solutions."

"Ships transport about 80% of the world's commodities and maritime transport is responsible for almost 2.5% of total greenhouse gas emissions. The challenge today is therefore to find effective solutions to move away from use of fossil fuels," said GRSE Chairman and MD Rear Adm V K Saxena. "Energy storage devices are now finding effective utilisation in ferries and inland water transport. As a leading shipbuilder in the country, GRSE looks forward to working with Sterling PlanB, which is a leader in providing niche energy storage technology to bring viable solutions for environmentally friendly transportation across the vast inland waterways of the country."

Sterling PlanB systems are designed to integrate with existing electrical infrastructure and deliver operational benefits for vessels running on electric or hybrid power.

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