Servotech Renewable Power System Ltd (NSE: SERVOTECH), a leading provider of EV charging and solar solutions, announced that it has been granted a patent by the Indian Patent Office for its innovative “System and Method for Peak Shaving.” The patent, effective for 20 years from its original filing date, represents a major achievement in the company’s journey to enhance energy efficiency.
The patented technology allows for the intelligent reduction of peak electricity demand, providing significant cost savings for users while improving grid stability. Raman Bhatia, Founder and Managing Director of Servotech Renewable Power System Ltd., stated that this patent validates the company’s commitment to R&D and its push toward advanced, future-ready energy solutions. He also noted that this aligns with the company’s vision to deliver long-term value to its shareholders and partners.
The market potential for this innovation is substantial, opening up new opportunities for product development and widespread commercial applications. Servotech’s focus on intellectual property-driven differentiation bolsters its position in the rapidly evolving smart energy solutions sector, positioning the company for strong growth in sustainable infrastructure and technology.
With over 20 years of experience in electronics, Servotech Renewable Power System Ltd. specializes in tech-enabled EV charging solutions. The company is focused on developing India’s EV infrastructure and continues to innovate with a range of AC and DC chargers compatible with various electric vehicles for both commercial and domestic uses.
Servotech Renewable Power System Ltd. (formerly Servotech Power Systems Ltd.) is an NSE-listed company with over two decades of expertise in electronics, providing cutting-edge EV charging solutions. The company offers a wide range of AC and DC chargers compatible with various electric vehicles, catering to both commercial and residential needs. With its advanced engineering capabilities, Servotech aims to play a pivotal role in shaping India’s EV infrastructure, backed by a strong nationwide presence and a legacy of innovation.
