JBM Renewables and Convergence Energy Services Ltd (CESL) signed a memorandum of understanding on Saturday to set up an integrated ecosystem for recharging electric vehicles. JBM Renewables is part of the $ 2.2 billion Indian conglomerate JBM Group, while CESL is a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL).

As part of the MoU, signed for a period of 3 years, JBM Renewables and CESL will jointly undertake the establishment of public charging infrastructure across India for electric vehicles. This will include investment, installation, commissioning, operation and maintenance, according to a statement.

The two companies will jointly create synergies with the aim of boosting the implementation of Electric Vehicle Charging Infrastructure (EVCI) across India, he added.

The association will also undertake to optimize current charging stations and explore avenues for second-use applications of electric vehicle batteries for storage and network management purposes.

As a pilot project, JBM and CESL will work to create an integrated EV ecosystem platform comprising renewable energy, energy storage systems and EV charging solutions.

For demand generation, CESL will explore business models and the availability of potential customer segments, the statement said.

“Increasing the number of electric vehicles on Indian roads requires an ecosystem approach and to that extent I am very happy to see JBM carry this vision. This MoU is an exciting development as it brings together like-minded entities to work together in an entrepreneurial manner to help build this, ”said Mahua Acharya, CEO and CEO of CESL.

The project will also include setting up various aspects of an electric vehicle ecosystem in Goa, in line with Goa’s ambitions to go green.

The association will study the feasibility of integrating electric vehicle charging and electric buses to maximize the use of charger capacity and make it a profitable business. The scope of the collaboration also includes the collaboration for charging stations on highways and in any other area of ​​the electric vehicle market that becomes necessary.

JBM Renewables is active in the renewable energy sector, primarily in solar power generation by owning and operating solar power projects in Haryana, New Delhi, Uttar Pradesh, Gujarat and Maharashtra.



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