Business Economy


PURE Partners with Canada-based Charge Power to enter US and Canada Energy Storage Market

Hyderabad, May 16 (UNI) PURE, incubated at i-TIC, IIT Hyderabad, a pioneer in battery technology and power electronics, and a leading brand in energy storage products in India, on Friday announced a strategic partnership with Charge Power Inc., a Canadian corporation, to enter US and Canada Energy storage Market.
This collaboration facilitates PURE's entry into the Canadian and the United States of America energy storage market with its comprehensive suite of products in residential, commercial, and grid-scale applications, the company said in a release.
The partnership will introduce PURE's advanced energy storage product line to consumers in Canada and the United States through a co-branding arrangement.
PuREPower products are engineered using high-energy-density Li-ion batteries, 5th-generation power electronics, and an intelligent Cloud & Predictive AI platform.
This combination enables seamless remote monitoring, near-100 percent uptime, and minimized disruptions for customers.
A core element of PuREPower's reliability is its comprehensive, multi-level thermal management system. This system incorporates nano-PCM (phase change material) cooling at the cell level and liquid cooling at the pack and rack levels, ensuring efficient heat dissipation, extended lifespan, superior round-trip efficiencies, and world-class safety.
Dr. Nishanth Dongari, Founder & Managing Director of PURE, stated, " We are confident that our innovative, durable, and reliable energy storage products will be widely accepted in the US and Canada markets. We are pleased to partner with Charge Power, whose team brings experience in delivering over 4 GWh projects across North America, along with deep EPC, marketing, and sales expertise. We are confident in making a significant impact in these markets in the months to come. We also see these markets as a key part of our global expansion strategy."
Ravi Pinnelli, Managing Director of Charge Power Inc., stated, "We are excited to partner with PURE, whose advanced battery technologies and proprietary platforms align seamlessly with our mission to deliver high-performance, resilient energy storage solutions. With our deep project experience, trusted client relationships, and established presence across North America, combined with PuREPower’s field-proven product line, this partnership is uniquely positioned to deliver exceptional value to residential, commercial, and grid-scale customers."
The US energy storage market is experiencing substantial growth and is projected to reach USD 70.7 billion by 2033, exhibiting a CAGR of 13.9 percent.
The Canadian market is also expected to grow significantly, reaching USD 18.38 billion by 2030, with a CAGR of 15.8 percent.
This increasing demand for energy storage products across residential, commercial, and grid applications in both markets is largely driven by the growing integration of renewable energy sources, such as solar and wind power.
PURE will retain all intellectual property rights related to its energy storage products to protect its proprietary technologies as the company expands its market penetration into other regions globally.
UN KNR BD
More News

Blue Planet secures Rs 62 4 Cr legacy waste projects in AP

23 Jun 2025 | 5:35 PM

Vijayawada, June 23 (UNI) Blue Planet Environmental Solutions (Blue Planet), a global leader in sustainable waste management and circular economy solutions, through its wholly owned subsidiary Zigma Global Environ Solutions, has been awarded multiple cluster-based projects worth over Rs 62.4 crore under the Swachh Bharat Mission – Urban (SBM-U) 2.0.

see more..

Jekyll and Hyde debuts in Chennai with world class outlet, ushers in new chapter in urban nightlife

23 Jun 2025 | 5:28 PM

Chennai, June 25 (UNI) This bustling city's nightlife scene has taken an electrifying leap forward with the exclusive preview of Jekyll and Hyde, a premium restoclub redefining after-hours experiences for the city’s professionals and trendsetters.

see more..

Hyundai successfully tests 4 25 mn engines with zero emission CBE tech

23 Jun 2025 | 5:23 PM

Chennai, June 25 (UNI) Passenger car makers Hyundai Motor India Limited (HMIL) has successfully tested over 4.25 million engines with its revolutionary zero emission Cold Bed Engine Testing technology - a process that eliminates the need for fuel, coolant, and water.

see more..

HDFC Mutual Fund launches Innovation Fund

23 Jun 2025 | 5:13 PM

Mumbai, June 23 (UNI) HDFC Asset Management Co. Limited on Monday said that it has
launched HDFC Innovation Fund, an open-ended actively-managed equity fund that aims
to invest in companies that are adopting innovative themes and strategies across different
sectors.

see more..

HDB Rs 12,500 cr IPO to open on June 25

23 Jun 2025 | 5:10 PM

Chennai, June 23 (UNI) HDB Financial Services Limited (HDB Financial or The Company)
will open its Bid / Offer in relation to its initial public offer of Equity Shares on June 25.

see more..