Cost of battery-based energy storage, INR 10.18/kWh, expected to reduce with VGF and PLI Schemes
Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
Hindalco to set up lithium battery foil manufacturing facility in Odisha
Hindalco will invest INR 800 crore to build a new battery foil manufacturing plant near Sambalpur in Odisha. The facility will initially produce 25,000 tonnes of the foils for Lithium-ion and Sodium-ion battery cells.
Waaree signs MoU with Israel’s 3DBattery to develop energy storage solutions
Waaree Technologies plans 5 GWh battery cell production capacity leveraging 3DBattery’s lithium-ion and sodium-ion battery technology.
Schneider Electric unveils battery lab in Bengaluru
Schneider Electric’s state-of-the-art battery lab will focus on developing innovative battery technologies and exploring new energy storage solutions that prioritize sustainability and minimize environmental impact.
Log9 Materials partners Gamma for simulation-driven battery cell and pack development
Log9 Materials will use Gamma Technologies’ system simulation software in developing the next-generation lithium-ion battery cells for electric vehicles.
Birla Carbon acquires Belgian nanotube manufacturer to drive growth in lithium battery materials
Birla Carbon has acquired Belgium’s carbon nanotube manufacturer Nanocyl as it looks to establish a leadership position in materials critical to lithium-ion battery performance.
Epsilon Group acquires LFP cathode technology centre in Germany
The purchase follows Epsilon’s recent $1.1 billion investment in the establishment of a 100,000-ton cathode battery materials manufacturing facility in Karnataka, India.
Amara Raja Batteries is now Amara Raja Energy & Mobility
Amara Raja Batteries has changed its name to Amara Raja Energy & Mobility as it directs its focus to becoming a comprehensive solutions provider in the energy and mobility space.
Exide Energy to produce NCM, LFP lithium battery cells initially
Exide Energy is setting up 6 GWh of lithium battery capacity initially, including 3 GWh for lithium nickel cobalt manganese oxide (NCM) and lithium iron phosphate (LFP) cells each. It plans to scale it to 12 GWh in the near future.
Enabling India’s self-reliance in lithium battery-grade materials
Attero Recycling, India’s largest e-waste and lithium-ion battery recycler, recently processed samples from the Jammu and Kashmir mining belt and was able to recover 200 PPM (parts per million) of lithium carbonate, which was close to the ballpark range shared by the government of India. Nitin Gupta, chief executive officer and co-founder of Attero Recycling, speaks to pv magazine about the significance of their extraction and refining methods in ensuring India’s self-reliance in critical battery-grade materials.
