Berlin, Germany and Pune, India --- (METERING.COM) --- July 19, 2013 - The German Energy Storage Association (Bundesverband Energiespeicher e. V., BVES) and the India Energy Storage Alliance (IESA) have signed a Memorandum of Understanding (MOU) to work together to advance the energy storage industry in the two countries.

“India is one of the most rapidly emerging markets with a clear perspective towards increasing the contribution of renewable energy in the energy mix,” said Prof. Dr. Eicke R. Weber, president of BVES. “This has to be accompanied by the availability of low cost reliable storage systems. BVES looks forward to cooperate with the IESA in furthering this process in India.”

Dr. Rahul Walawalkar, executive director of IESA, added that collaboration between the two groups will benefit a wide range of stakeholders.

“Through this agreement and others, IESA will promote the benefits of storage technologies through education initiates and awareness campaigns. Germany has a strong tradition of technological innovation and manufacturing excellence, and we look forward to applying lessons learned from storage installations in Germany to make the Indian energy and power sector more competitive, efficient and reliable.”