Dynapower and Raychem RPG Announce Technology Transfer & Licensing Agreement to Bring Dynapower Energy Storage Technology to India and Neighboring SAARC Countries

South Burlington, Vermont, UNITED STATES

SOUTH BURLINGTON, Vt. and MUMBAI, India, May 17, 2018 (GLOBE NEWSWIRE) -- Dynapower and Raychem RPG are pleased to announce they have executed a technology transfer and licensing agreement to bring Dynapower’s energy storage inverter technology to India and neighboring SAARC countries. Indian Prime Minister Narendra Modi recently hailed energy storage of solar energy in India as, “[the] next big technological revolution.” 

“Dynapower is proud to work alongside Raychem RPG to help realize this revolution,” said Peter Pollak, Dynapower CEO. “For over 50 years we have deployed our power electronics around the world and pioneered the development of energy storage inverters, including the first UL-1741 listed smart inverter. We are excited to bring our technology and know-how to India as well as the SAARC countries as part of the agreement.”.

In announcing the agreement, Dynapower and Raychem RPG also announced the commissioning of India’s first 1MW microgrid featuring Dynapower’s CPS-1000 inverter at the Central Electronics Limited (CEL) facility in Sahibadad, Uttar Pradesh, India. CEL manufactures solar-photovoltaic (SPV) cells, modules and systems. The Central Electronics Limited microgrid project is a locally controllable power system composed of distributed generation combining solar and diesel gensets alongside energy storage connected to the main grid power system. The commercial and industrial microgrid can work both in on-grid connected mode for frequency regulation, PV smoothing and peak shaving to curb CEL’s electric bills, and in “islanded” grid forming mode in the case of a grid disturbance. The system features Dynapower’s patented Dynamic Transfer technology which monitors the grid and seamlessly transitions the CEL facility from grid-tied to back up battery power in the event of a grid disturbance.

“We selected Dynapower to partner with because of their global leadership with over 400 MWs of EMS PCS installed,” said Ramani Kasi, President & CEO —Raychem RPG Ltd. “Dynapower’s differentiated technology such as its patented Dynamic Transfer as well as their agile business model, unique positioning in the C&I segment (offering both inverters and fully-integrated systems) as well as their focus on solutions and aggressive growth mindset aligns perfectly with the Raychem RPG business model.”

To date, Dynapower has supplied over 400MWs of energy storage inverters, DC-DC Converters, and fully-integrated energy storage systems worldwide. Dynapower energy storage inverters power the United States’ largest wind plus storage farm in NoTrees, Texas (36MWs), the US’ first utility-scale solar plus storage facility in Rutland, Vermont, the nation’s largest NetZero building in Los Angeles, and have been deployed to help island nations transition to be run on 100% renewable energy. Additionally, Dynapower’s MPS-250 was the first energy storage inverter to receive UL 1741 Smart Inverter designation, and Dynapower was the first to commercially deploy a DC-DC converter for utility scale solar plus storage. www.dynapower.com

Raychem RPG (P) Ltd., incorporated in 1989, is a joint Venture between TE Connectivity, U.S.A. (formerly Tyco Electronics) and RPG Enterprises, India. TE Connectivity is a $13 billion global provider of solutions in Network, Transportation, Consumers and Industrial markets for over 50 years. RPG Enterprises is one of India's fastest growing business groups with annual revenues of $3.5 Billion. The group has more than fifteen companies managing diverse business interests in the areas of Automotive, Infrastructure, IT, Pharmaceuticals, Oil & Gas, Solar and Energy Management systems including energy storage. Raychem RPG maintains 4 state-of-the-art manufacturing facilities in India. The company has been the leader in grid connection and insulation systems for almost three decades bringing similar expertise and bank-ability to the solar segment. Raychem RPG Solar Solutions are designed to increase the ROI on solar investment.  It is also positioned to be the end-to-end solutions provider for energy storage systems. www.raychemrpg.com

Contact Name: Richard Morin
Phone Number: 802.999.1566
Email: rmorin@dynapower.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/89fb5db5-087c-40d0-a2cf-a422c26dfa83


Dynapower and Raychem RPG Microgrid