Servotech Renewable Power System Ltd. (NSE: SERVOTECH), a leading provider of EV charging and solar solutions, has announced that it has been granted a patent for its innovative “System and Method for Peak Shaving” by the Indian Patent Office. This patent, valid for 20 years from its filing date, marks a significant milestone in the company’s efforts to improve energy efficiency.
The new technology allows for the intelligent reduction of peak electricity demand, offering users significant cost savings and enhancing grid stability. Raman Bhatia, the Founder and Managing Director of Servotech, said the patent reflects the company’s dedication to research and development (R&D) and its commitment to advancing energy solutions for the future. He also emphasized that this development aligns with Servotech’s long-term vision of delivering value to its shareholders and partners.
The potential market for this technology is vast, opening up new avenues for product development and commercial applications. By focusing on intellectual property to differentiate its products, Servotech is strengthening its position in the rapidly growing smart energy solutions sector, positioning itself for future growth in sustainable infrastructure and technology.
With over 20 years of experience in electronics, Servotech Renewable Power System Ltd. specializes in tech-driven EV charging solutions. The company is focused on enhancing India’s EV infrastructure and continues to innovate with a variety of AC and DC chargers that are compatible with different electric vehicles, catering to both commercial and residential needs.
Previously known as Servotech Power Systems Ltd., the company has been listed on the NSE and has built a strong reputation for its cutting-edge EV charging solutions. Servotech remains committed to playing a key role in developing India’s EV infrastructure, supported by its extensive nationwide presence and a legacy of innovation.
