Energy & Fire Revolutionizes Battery Management in Banking

Why in the news?

Energy & Fire Tech India enhances battery lifespan and cost-efficiency, providing eco-friendly solutions to the banking sector, reducing energy costs, and promoting sustainability across industries.

Energy & Fire Revolutionizes Battery Management in Banking

About Energy & Fire Tech India’s Impact on Battery Management:

  • Company Overview: Over the last 8 years, Energy & Fire Tech India has emerged as a leader in extending the lifespan of lead-acid batteries through its innovative Battery Restoration Technology. The company focuses on providing eco-friendly, cost-effective solutions, especially to the Indian banking sector, which relies heavily on uninterrupted power supply systems (UPS) for over 150,000 retail banking branches

Key Features and Services:

  • Battery Restoration Technology: The company offers advanced technology that improves battery capacity, reduces sulfation, and lowers maintenance costs, ultimately extending battery life by up to 70%. This solution is particularly beneficial for sectors like banking, telecom, and manufacturing where uninterrupted power is critical.
  • Cost-Effective Solutions: The Batteries as a Service (BaaS) model allows banks to lease batteries without upfront costs, which includes maintenance and replacements as needed, reducing operational expenses. A Smart Battery Monitoring System is also in place to track real-time battery performance, ensuring longer battery life and reduced downtime.

Economic and Environmental Impact

  • Sustainability and Cost Savings: By rejuvenating over 3 lakh batteries, Energy & Fire has significantly reduced battery waste and promoted eco-friendly practices. Additionally, its technology has helped banks cut battery replacement costs by nearly 4%. These efforts align with global goals for sustainability, reducing the environmental impact of e-waste in India, which produces nearly 7 million tons of e-waste annually.
  • Future Outlook: As demand for reliable, sustainable UPS solutions increases, Energy & Fire is well-positioned to scale its services and expand its footprint, contributing to both economic savings and environmental goals in industries with high energy consumption, including banking.

Sources Referred:

PIB, The Hindu, Indian Express, Hindustan Times