Innolia Energy to invest Rs225 crore in solar module and EV product manufacturing

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U.S. company Innolia Energy is setting up a 300 MW solar module and electric vehicle (EV) product manufacturing facility in the state of Hyderabad. Built at an investment of Rs225 crore, the plant will manufacture lithium battery packs and controllers in addition to solar panels.

“Leveraging years of developing advanced technology solutions for companies in the U.S., Innolia Energy’s manufacturing plant (300 MW) in India delivers a fully integrated and customizable system solution of solar panels, lithium-battery and EV products manufacturing under a single roof,” news agency PTI reported, quoting a statement from Innolia.

According to the company statement, the manufacturing unit will be India’s first fully integrated solar and lithium battery pack manufacturing facility.

Besides providing a range of lithium battery packs for all applications, Innolia Energy has patented a battery management system developed by its U.S. engineers. The lithium battery line can accommodate chemistries including lithium ferrous phosphate, lithium cobalt oxide, lithium manganese oxide and nickel manganese mixes, according to the Innolia website.