USA Triton Solar to invest Rs 600 crore to set up mfg facility in MP by 2016

USA Triton Solar has announced its investment plans of its Indian manufacturing facility in Madhya Pradesh, India to serve Indian alternative energy requirements.

According to the Triton Solar, by August 2016 the new manufacturing facility will start its production.

While informing about the Manufacturing facility, Himanshu B Patel, Founder & CEO,Triton Solar said, “We are working aggressively in order to meet the deadlines and by next year August, our manufacturing facility will be likely to come up with it’s production. The company will be making investments of Rs 600 crore through this facility.”

The manufacturing facility will be located in Pithampur Industrial Area, Madhya Pradesh.  

“The product, which is going to come out from the Indian manufacturing facility is coming with a unique capability and offering to the market,” said the company’s press release.

The product portfolio from Triton Solar will include solar, lighting, and power all in printed form. The Printed Lighting has a life span of 50,000 to 100,000 hours and all products can be used for indoor or outdoor purposes. The company is planning to introduce the following range of products.

“Our solar panel products will have five times more output capability and will be far more cost effective as compared to the existing technology. Some other unique features of the printed solar batteries include the capability of being retrofitted onto solar panels. These solar panels can generate up to 408 Watts, which is then stored in the printed battery, and these batteries can store up to 10,500 Watts of energy. Power is stored during the daytime and can be later used during peak hours (after sunset) for electricity usage,” said the company.                       

Triton Solar Panels utilize nanotechnology to create printable solar panels. It claims that its solar panels have higher efficiency than traditional mono/polycrystalline solar panels. The Peak power on its Solar Panels has a maximum generating capacity of 524.71W and an average of 403W during the day time. Generally the lifetime of these solar panels have a 1-2 per cent degrading factor per year. After 10 years, it drops down to 90 per cent. After 20 years, it drops down to 80 per cent.