Assetz Property Group Chooses Imergy as Energy Storage Partner for its Off-Grid Warehouse Renewable Energy System Initiative

Bengaluru, June 22, 2015

Assetz Property Group (APG), a Singapore headquartered property development company, announced that it has selected Imergy Power Systems, a leader in advanced energy storage solutions, as its partner for its off-grid warehouse renewable energy system initiative.

The goal of APG’s initiative is to develop off-grid, renewable energy-powered systems at its new and existing Indian industrial warehouses. The initiative will help APG minimize energy outages at its warehouses, lower its energy procurement costs and reduce its carbon footprint.

APG currently plans to install its first off-grid renewable energy system at a new warehouse located in the Indian state of Karnataka.

APG selected Imergy as its energy storage partner because Imergy’s low-cost, high-performance vanadium flow-battery technology:

Provides reliable and consistent power with fast charge and discharge times.

Features unlimited cycle life.

Can operate in temperatures ranging from -20 degrees to 55 degrees Celsius (-4 degrees to 131 degrees Fahrenheit) with no degradation in performance.

India’s rapidly growing e-commerce market is leading APG to expand its logistics warehousing business in the country. Over the next five years APG intends to invest and acquire industrial land across Tamil Nadu, Karnataka and parts of Maharashtra for their logistics warehousing business. “APG’s off-grid warehouse energy system initiative will demonstrate that the real estate industry can take a leadership position in India’s shift towards a cleaner, more reliable energy infrastructure,” said Ben Salmon, CEO Assetz Property Group. “The need of the hour in India and around the world is clean energy solutions, and as a responsible corporate citizen, APG will continue to adopt cost-effective solutions that reduce our carbon footprint.”

“APG’s use of off-grid, renewable energy for its industrial warehouses will help it significantly reduce its environmental impact,” said Bill Watkins, CEO of Imergy. “By providing APG with a way to store the energy generated by their renewable energy systems, Imergy’s vanadium flow batteries will help APG maximize the value of their investments in off-grid renewable energy.”