Acta signs distributon partner in India
Acta and MVS Energy Solutions sign Distribution Agreement
for India’s telecom back-up power market
Acta S.p.A. (AIM: ACTA), the clean energy products company, has signed a Distribution Agreement with MVS Energy Solutions, the recently established new business division of MVS Engineering Ltd (“MVS”), India’s largest supplier of industrial gas equipment and solutions, for the distribution of Acta’s electrolysers, in India.
This follows on from the announcement Acta made on 19 December 2012, that it had signed a Letter of Intent with MVS Engineering to distribute Acta’s electrolysers in India.
MVS specialises in on-site gas solutions for Nitrogen, Oxygen and Hydrogen. They have supplied Gas generation equipment to over 56 countries worldwide and have supplied Air and Gas equipment to more than 60% of the top 1,000 companies in India.
MVS Energy Solutions was formed to address the growing need in the Indian market for back-up power solutions, especially in the telecom market where there are 65,000 base stations being installed annually; 19% of which are with renewables or hybrid. The objective of the partnership is to allow the introduction of on-grid and off-grid integrated fuel cell back-up power solution based on on-site hydrogen generation.
MVS predicts 2013 will see sales of Acta’s electrolysers in excess of 100 units and the forecast for 2014 is that the interest and adoption of this technology will increase substantially from this level.
MVS will integrate Acta’s largest electrolyser, the EL1000, with a fuel cell to produce a back-up power solution for the telecommunication market. This system will be demonstrated on the premises of MVS’s headquarters in New Delhi and potential clients, government officials and member of the telecommunication industry will be invited to come and see the system in full operation.
Paolo Bert, Chief Executive of Acta commented: “Acta is committed in its mission to introduce cost-effective on-site hydrogen solutions for back-up power, renewable energy and other fuel cell applications. We are pleased to be working with MVS Energy Solutions and to be able to benefit from their technical credibility, production experience and market reach.”
Rajeev Bhalla, Director of Hydrogen and Energy Solutions of MVS Energy Solutions commented: “Over the next 10 years hydrogen will become a considerable alternate fuel. In the telecoms market alone, hydrogen as an alternative fuel should have a 30% market share, creating a demand of 350,000 1.0 Nm3/Hr H2 electrolyzer devices. MVS Energy Solutions is delighted to bring Acta’s product line to the Indian telecom sector’s backup power market as there is tremendous market potential in this space for affordable hydrogen generators and fuel cells. With a demo site coming up at our premises, we will be the first and only hydrogen generator supplier in India to have credibly demonstrated what we are intending to sell in the market.”