The Hindu Business Line : Titan Energy enters joint venture to make lead-free solar battery

Mr Rao S.Y.S. Chodogam, Managing Director, Titan Energy Systems Ltd; Dr Martha Schreiber, Chief Executive Officer, EN-O-DE; and Mr Bernhard Beck, CEO, Blitzstrom, Germany, exchanging documents after signing an agreement in the Capital on Tuesday. - Kamal Narang

New Delhi , Sept. 13

TITAN Energy Systems Ltd on Tuesday entered into a joint venture with Austrian company EN-O-DE and German company Blitzstrom GmbH for the manufacture of lead-free solar batteries in India.

All three companies would have equal stake in the $5-million venture called AGIRE — Austrian German Indian Renewable Energy. Under the arrangement, EN-O-DE would provide technical expertise to Titan for the manufacture of the batteries, which would be marketed by Blitzstrom worldwide.

The batteries would be manufactured at Titan's existing facility in Secunderabad and their capacity would range from 1 kW to 100 kW.

Mr Rao S.Y.S. Chodagam, Managing Director, Titan Energy Systems Ltd, said, "Though Titan has 16-17 distributors in the country, the primary focus of the new venture would be exports." EN-O-DE has used the Vanadium Redox Energy Storage System invented in Australia to develop the technology for `Vanadium Instant Energy' — termed Vanie. The joint venture would produce Vanie under the trade name `BE-TITAN'.

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