November 24, 2022: A partnership aimed at building and selling bipolar lead battery technology energy storage systems in India was announced by Advanced Battery Concepts and Exide Industries on November 17.
The companies have signed a non-binding letter of intent agreeing to “scope-out and define a program” for jointly commercializing ABC’s ‘BOX-BE’ systems, comprising the firm’s proprietary EverGreenSeal bipolar battery technology, for the Indian market.
The partners said they will determine and explore the business opportunities, applications and addressable markets in India then agree on the design of a commercial EverGreenSeal battery “and the appropriate testing of the resulting product or products”.
“Based on successful testing of the battery design and favourable market indicators for investing and producing the products, further steps will emerge as a result of this initial effort,” the partners said.
ABC announced the launch of BOX-BE on September 15.
In the latest issue of Batteries International magazine, Shaffer talks about the company’s latest invention, which comes after winning BCI’s Innovation Award for its Home Emergency Energy Storage System, which builds on the strength of ABC’s first generation GreenSeal bipolar lead acid battery technology.
Shaffer also talks about ABC’s overall mission and looks ahead to further major announcements he says are likely in the first quarter of 2023 on new licensing partners for its GreenSeal batteries line.