Domestic industry body IESA and KOTRA of Korea have signed a memorandum of understanding (MoU) to jointly work in the field of energy storage and e-mobility.
As part of the MoU, the two bodies will exchange knowledge and information, establish best practices, and create new business opportunities in the South Korean and Indian energy storage and e-mobility markets for their respective members.
In a statement on Thursday, the India Energy Storage Alliance (IESA) said the MoU was on signed on June 14.
The MoU will remain in effect for a period of three years from the date of signing, according to the statement.
”India’s energy storage industry, which is the key means of renewable energy development and eco-friendliness, is expected to develop significantly, and with this opportunity, we will strive to expand exchanges between energy storage companies in Korea and India,” said
IESA inks MoU with Korea’s KOTRA to work on energy storage, e-mobility
