Petronas-owned Amplus Solar is considering entering the storage battery as well as green hydrogen segment, a company official said.
“We are looking at the battery storage segment as well as the hydrogen segment. We are also looking at options globally,” said NG Sanjeev Aggarwal, managing director and chief executive officer, Amplus Solar.
Gurugram based Amplus Solar which started operations in 2013 achieved one gigawatt capacity this month.
The company is also present in the residential Solar and electric mobility as a service, known as YELO.
Though the company is excited about achieving its next milestone, some challenges remain.
“I think the challenge is in the commercial and industrial segment that we face. Our customers want the latest technologies like the high wattage modules. Indian manufacturers still have to find ways in terms of building those high voltage, high volume and high efficiency modules, so that is something which is still to be developed,” added Aggarwal.
Aggarwal added that with a strong domestic business, the company is expanding its presence in the MENA region.
“I think at least for next two-three years, in the commercial and industrial segment, the progress will remain reasonably positive, and we are optimistic about it,” said Aggarwal, adding that with Petronas forming a separate entity for clean energy transition, Amplus is gearing up to participate in a big way in the overall energy transition.Petronas-owned Amplus Solar is considering entering the storage battery as well as green hydrogen segment, a company official said.