The Indian government has announced sanctions under the Technology Development Board (TDB)-DST scheme to support the development of an indigenous supercapacitor energy storage system. The project is being undertaken by M/s Westech Power Management Pvt. Ltd, a company based in Pune, Maharashtra.
The TDB-DST scheme is a government initiative aimed at promoting the development of indigenous technologies and supporting start-ups and small and medium-sized enterprises (SMEs) in the country. The scheme provides financial assistance to companies and research institutions to develop innovative technologies and products.
The sanctioning of funds for the supercapacitor energy storage system project is a significant development, as it highlights the government’s focus on promoting renewable energy and energy storage technologies. Supercapacitors are advanced energy storage devices that can store electrical energy and release it quickly, making them ideal for applications such as electric vehicles, renewable energy systems, and power quality management.
The project undertaken by M/s Westech Power Management Pvt. Ltd aims to develop an indigenous supercapacitor energy storage system that can be used in a variety of applications. The company will utilize the sanctioned funds to design, develop, and test the supercapacitor energy storage system, with the goal of commercializing the technology in the future.
The development of an indigenous supercapacitor energy storage system is expected to have several benefits, including reducing the country’s dependence on imported energy storage technologies, promoting the growth of the domestic renewable energy sector, and creating new employment opportunities. Additionally, the project will help to promote the development of advanced energy storage technologies in India, which is critical for the widespread adoption of renewable energy sources.
Overall, the sanctioning of funds for the supercapacitor energy storage system project under the TDB-DST scheme is a positive development that highlights the government’s commitment to promoting indigenous technologies and renewable energy. The project has the potential to make a significant contribution to the growth of the domestic renewable energy sector and the development of advanced energy storage technologies in India.