Roshan Energy Technologies, a Telangana-headquartered lithium-iron-phosphate (LFP) battery manufacturer, has announced that it is entering into a partnership with US-based lithium producer Barrel Energy on lithium battery development and production for electric vehicles. The joint venture will first establish a lithium-ion battery manufacturing facility in India, then in North America.
As part of the venture, Barrel will become a majority stakeholder in Roshan Energy Technologies, allowing Roshan Energy the platform for expansion into the Indian market and laterally into international markets. Roshan Energy Technologies will extend its technical resources and expertise. At the same time, Barrel will organize funds and international marketing abilities.
Both organizations will work together to design, plan, and develop customized green energy solutions for customers worldwide.
Plans for the India manufacturing facility with a three-phase rollout of powerful products have been in development by Roshan’s CEO and engineering team leader, S.A. Gaffoor.
A joint R&D division will be developed in conjunction with Barrel’s recently opened Nevada Tech Center as part of the partnership. The Nevada center is the locus for Barrel’s efforts into lithium-ion battery metal recycling and potential battery development and direct metal-ion extraction.
Roshan’s Ashok Shukla, a professor emeritus from the Indian Institute of Science with 40 years of research experience in specialized batteries and over 350 published technical papers, will lead the team with the aim of designing customized solutions for battery development, improvement, and recycling.
This joint venture is facilitated by ArcgenConsulting, a management consulting firm based in Hyderabad, India.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
Congrat, long awaited adventure and development with in country with the market opening in US.
The news mentions batteries for EVs. Are the cells manufactured not deployed in manufacture of energy storage batteries for meeting peak demand of the grid for variable duration (minutes to hours) and blackstart of a generation stn.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.