Aartech subsidiary Faradigm inks MoU with Shenzhen Titan for BESS
AARTECH · price
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Wholly-owned subsidiary Faradigm Ultracapacitors signed an MoU with China's Shenzhen Titan Smart Energy to explore advanced energy storage cooperation in India. The focus is on LFP-based Battery Energy Storage Systems ranging from 100 kWh to 5 MWh for commercial and industrial use. Plans include a manufacturing facility at Mohasa-Babai, Madhya Pradesh, set to begin in FY 2027-28, plus technology licensing opportunities.
MoU is exploratory, not a binding deal. Positive strategic signal for energy storage push but no immediate revenue impact. Watch for concrete agreements.