Inverter-battery
Matter Energy, Luminous Power tie up to develop dual-purpose home inverter
Technology startup Matter Energy on Friday said it has entered into a strategic partnership with Luminous Power Technologies in the field of home inverters and stationary applications. The partners will work in the areas of low-voltage stationary energy storage solutions and develop a dual-purpose smart home dock inverter with IoT capabilities, Matter Energy said in a statement. The dock can be used for both mobility and domestic energy storage applications. This lithium-ion battery solution is built on the principles of battery swapping technology to power a two-wheeler and home inverter interchangeably, it added. "With Luminous' extensive presence and distribution network not only in India but also in South-East Asia and South Africa, we are optimistic that our collaboration will enable us to provide dependable and eco-friendly solutions to millions of Indian households," Matter Group Founder and CEO Mohal Lalbhai said. Luminous Power Technologies CEO Preeti Bajaj said Matters' .
 "Matter Energy, Luminous Power tie up to develop dual-purpose home inverter")
Rising battery prices threaten to derail arrival of affordable EVs
There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium
 "Rising battery prices threaten to derail arrival of affordable EVs")
Exide Industries Q1 PAT reports six-fold rise to Rs 202.44 crore
Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue.
 "Exide Industries Q1 PAT reports six-fold rise to Rs 202.44 crore")
Electrification drive boosts inverter-battery industry
Sector expects 10% CAGR as more households get electricity connection
 "Electrification drive boosts inverter-battery industry")
