Key Transaction Details
Faradigm Ultracapacitors Pvt. Ltd., a wholly owned subsidiary of Aartech Solonics Limited, has signed a Memorandum of Understanding (MoU) with Shenzhen Titan Smart Energy Technology Co., Ltd., China. The MoU aims to explore strategic cooperation in advanced energy storage solutions and the development of localized manufacturing and assembly capabilities in India.
Areas of Cooperation
The collaboration will focus on:
- Lithium Iron Phosphate (LFP)-based Battery Energy Storage Systems (BESS)
- Capacity ranges from 100 kWh to 5 MWh
- Commercial and Industrial (C&I) energy storage applications
- Integrated hybrid solutions combining solar power, diesel generators, and battery storage
- Utility Scale projects (currently under review)
- Manufacturing and technology licensing opportunities
Manufacturing Infrastructure
Faradigm's upcoming manufacturing facility at the Renewable Energy Manufacturing Cluster at Mohasa-Babai, Madhya Pradesh is a key enabler of this cooperation. The facility is planned to commence operations in FY 2027–28 and is expected to strengthen capabilities in advanced energy technologies.
Market Context
The disclosure references India's Commercial and Industrial (C&I) BESS opportunity transitioning from a sub-1 GWh base in 2025 to a projected 22–31 GWh capacity by 2032, representing a sub-market CAGR of 36.2%. The broader national energy storage sector is projected to grow at a 91% CAGR up to 302 GWh by FY32.
Additional Information
Aartech Solonics Limited recently participated in the MP Solar + Storage Expo 2026, reflecting the company's interest in emerging technologies and opportunities in the energy storage sector.
About the Parties
Faradigm Ultracapacitors Pvt. Ltd.: Wholly owned subsidiary of Aartech Solonics Limited, focused on advanced energy storage technologies.
Shenzhen Titan Smart Energy Technology Co., Ltd.: China-based energy storage technology company with reported portfolio of more than 300 projects, cumulative deployments exceeding 3GWh, and over 200 proprietary patents and intellectual property assets.