Servotech Launches New Series of Solar Solutions In Line With PM Schemes

On Monday, the shares of Servotech Power Systems opened higher on NSE at Rs 163 compared to the previous close of Rs 160.17.

Following a product launch event for its new line of high-tech and innovative solar on-grid inverters, solar hybrid inverters, solar micro inverters, battery energy storage systems, and solar pump controllers, Servotech Power Systems Ltd., a leading manufacturer of renewable energy solutions, sparked a stock rally.

The products enable farmers to use solar energy and support sustainable agricultural methods, and they are aligned with central government programs like the PM Surya Ghar Muft Bijli Yojana and the PM-KUSUM Scheme for rooftops in residential and commercial properties.

Raman Bhatia, Founder and Managing Director stated, "We are thrilled to introduce our solar solutions to the market. These solutions not only help individuals and businesses reduce their carbon footprint but also drive sustainable growth. As a global leader in the renewable energy sector, we are at the forefront of accelerating a more productive and sustainable future. We continuously push the boundaries of technology to deliver energy-efficient, decarbonizing, and circular solutions that benefit customers, industries, and societies. With our digitally enabled and advanced solutions, we empower our customers and partners to achieve greater performance, safety, and reliability in their operations."

These innovative solutions, which are intended to satisfy the rising need for clean energy and lessen reliance on traditional power sources, will bring together to create a more effective, dependable, and easily accessible option for residential and commercial applications.

To extend its EV charger distribution network throughout the UK and beyond, including North America, Servotech Power Systems Ltd. recently inked a sole distribution deal on October 16. The agreement will take advantage of the quick rise in the use of electric vehicles in these areas. This partnership represents Servotech Power Systems' strategic attempt to forge a solid global presence and deliver cutting-edge technologies closer to customers abroad.

With more than 20 years of competence and expertise in the electronics industry, Servotech Power Systems, an NSE-listed company, creates tech enabled EV charging solutions. In addition to being compatible with various EVs, the firm offers a wide variety of AC and DC chargers for both residential and commercial use.