Modison Metals board nods to go into into MoU with RENERA and LDrive LLC by admin- Tuesday, November 9th, 2021 04:00:28 PM
Modison Metals announced board approval to go into into MoU with RENERA and LDrive LLC (L-Charge) respectively for buying and selling, assembly & manufacturing of Battery Energy Storage System (BESS) and Electric Vehicle (EV) charging infrastructure in India. BESS era permits power storage systems for emergency energy deliver, renewable energy assets and smoothing of load call for at the electricity grid. EV charging infrastructure enables rapid adoption of Electric Vehicles in a seamless manner.
BESS and EV charging infrastructure are boom sectors globally and in India. This MoU will mark India’s entry into indigenous manufacturing of those boom opportunities underneath the Make in India & Atamnirbhar programmes.