Energy storage

Apart from thrust on energy efficiency and clean energy, the new policy will focus on Make in India for cells used in electric vehicle batteries and measures for demand creation and incentivizing investments.

Exicom Tele-Systems will recycle electric vehicle batteries at the end of their lifecycle to develop custom battery packs for non-automotive applications such as home inverters, commercial & industrial UPS, and renewable energy storage.

The British carmaker, which is launching its electric SUV early next month in India, plans to set up a battery assembly plant in two years for its electric car models.

The smarter E India event for the new energy world will bring together Intersolar India, ees India and Power2Drive India at the Bangalore International Exhibition Centre (BIEC), from November 27 to 29.

The company aims to emerge as a global leader in battery pack manufacturing with plans to set up a manufacturing unit in India in 2020-21 and the USA.

Indigenisation of electric powertrain components and battery pack assembly could produce a 5.7% higher output value addition (US$ 2.7 billion) for the Indian auto industry in case of an electric vehicle (EV) transition.

The joint venture between Japanese majors Toshiba, Denso and Suzuki aims to achieve annual production capacity of 30 million lithium cells by year 2025.

Plans to develop an 18 GWh lithium-ion battery factory in northern Queensland have reached an important milestone with the project feasibility study submitted to the Queensland government.

EU industry body EUROBAT has called for the bloc to adopt a battery industrial strategy and has pushed the claims of domestic manufacturers in the same manner as India has, as the race hots up to dominate the global energy storage market.

There is a need to shift the consumer mindset from conventional backup solutions to battery storage too even as the industry gets more clarity on technical feasibility for the Indian context.