PuRE, a leading brand in battery technology and power electronics in India, has announced a strategic partnership with Charge Power Incorporated, a Canadian corporation. This partnership aims to enter the energy storage market in the United States and Canada, where Charge Power has been active since 2013. Through this collaboration, PuRE will introduce its extensive range of energy storage products to residential, commercial, and grid-scale applications in North America. The partnership will launch co-branded products, showcasing PuRE’s advanced energy storage solutions to customers in these regions.
PuREPower products are built using high energy density lithium-ion batteries, fifth-generation power electronics, and intelligent cloud and predictive AI platforms. This combination allows for easy remote monitoring, nearly 100% uptime, and minimal disruptions. The reliability of PuREPower is primarily attributed to its comprehensive, multi-level thermal management system. This system includes nano-PCM (phase change material) at the cell level and liquid cooling at the pack and rack levels, ensuring efficient heat dissipation, increased efficiency, and world-class safety.
Dr. Nishant Dongre, founder and managing director of PuRE, stated that PuREPower is the result of eight years of dedicated efforts and various products established in residential, commercial, and industrial markets. “We have leveraged our deep expertise in battery technology and power electronics, along with our strong manufacturing facilities. We are confident that our latest, sustainable, and reliable energy storage products will gain wide acceptance in the US and Canadian markets. We are excited to partner with Charge Power, whose team has extensive experience in delivering EPC, marketing, and sales across North America with 4 GWh projects. By leveraging our combined strengths, we are confident of making a significant impact in these markets in the coming months. We see these markets as a key part of our global expansion strategy,” he said.
Charge Power’s managing director, Mr. Ravi Pinelli, expressed excitement about the partnership, noting that PuRE’s advanced battery technology and proprietary platforms align perfectly with their mission to deliver high-performance, stable energy storage solutions. He added that PuRE’s robust manufacturing capabilities complement Charge Power’s proven expertise in EPC, system integration, and lifecycle management. The partnership aims to uniquely position itself to offer exceptional value to residential, commercial, and grid-scale customers.
The US energy storage market is experiencing significant growth, projected to reach $70.7 billion by 2033, with a CAGR of 13.9%. The Canadian market is also expected to grow, with a projected value of $18.38 billion by 2030, reflecting a CAGR of 15.8%. The increasing demand for energy storage products in both markets is primarily driven by the rising integration of renewable energy sources like solar and wind.
As PuRE expands its market reach globally, it will maintain all intellectual property rights related to its energy storage products to protect its proprietary technology. This strategic partnership positions both companies to meet the growing needs of energy storage in North America, providing innovative solutions that are crucial for the future of energy management. With this collaboration, PuRE and Charge Power aim to lead the charge in the energy storage revolution, ensuring a sustainable energy future for all.
In conclusion, the partnership between PuRE and Charge Power marks a significant step towards enhancing energy storage solutions in North America. Both companies are committed to delivering cutting-edge technology that meets the evolving needs of consumers and businesses alike, paving the way for a greener and more efficient energy landscape.
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