Indian-origin CEO of Australian firm ZekiTek says company eyes India's renewable energy market for expansion - Hindustan Times
close_game
close_game

Indian-origin CEO of Australian firm ZekiTek says company eyes India's renewable energy market for expansion

PTI |
Jun 07, 2024 11:26 AM IST

Indian-origin CEO of Australian firm ZekiTek says company eyes India's renewable energy market for expansion

Singapore, Brisbane-based renewable energy technology company ZekiTek is assessing the Indian market and plans to shift its manufacturing facility from the Australian city to India, the company's Indian-origin CEO Rikesh Ram said on Friday.

Indian-origin CEO of Australian firm ZekiTek says company eyes India's renewable energy market for expansion
Indian-origin CEO of Australian firm ZekiTek says company eyes India's renewable energy market for expansion

The company, which also manufactures electrical charging systems, aims to supply an integrated renewable energy generation ecosystem as well as electric charging solutions in India.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

"We want to help communities, especially those in remote regions, with mobile and portable power systems," Ram said at the sidelines of the 2024 Clean Economy Investor Forum, organised under the auspices of the Indo-Pacific Economic Framework here June 5-6.

Once remotely located communities get access to power, they would be able to connect to networks covering health and education, and other services, he added.

According to Ram, ZekiTek has already identified a potential investor in Gujarat. Once regulatory approvals and certifications are obtained, ZekiTek will start raising funds and shift its manufacturing facility from Brisbane to India.

The ZekiTek CEO sees huge potential for green and clean energy in India.

ZekiTek's ZekiGen system taps solar and wind energy to generate electricity and offers direct connections without requiring high investments in the distribution network, Ram explained.

ZekiGen systems are designed to operate 24 hours a day, generating and storing power through an in-built vertical wind turbine and solar panels, he said, adding that the system is also designed to tap wind energy created by fast-moving vehicular traffic in urban areas.

Besides, Ram said, the company is studying the potential of supplying DC systems of 2 Kwh for two- and three-wheeler electric vehicles as well as replacing diesel-powered generators.

At present, ZekiTek is undertaking a pilot project in Fiji in partnership with the Australian government's Market Development Facility.

This article was generated from an automated news agency feed without modifications to text.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, June 18, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On