Parity in the total cost of ownership already exists for electric two-wheelers and three-wheelers (with subsidy) vis-à-vis their internal combustion engine counterparts. Policy impetus, coupled with the production-linked incentive (PLI) scheme for batteries and auto components (exclusively covering EVs), is likely to further reduce costs and accelerate the transition to electric vehicles (EVs). The transition will also open up the market for new-age companies and innovators across the value chain.
India has seen substantial activity in the domestic battery storage and green hydrogen markets, from the entry of Reliance and Acme Solar in green hydrogen to gigawatt-scale battery storage tenders by NTPC and the Solar Energy Corporation of India (SECI). There are more private ventures in the offing, indicating the government’s policy push is in the right direction.
A report from Australia’s Future Battery Industries Cooperative Research Centre which analysed the development of battery hubs in the U.S., Germany and Japan, has found that co-location and cooperation between industry and government were key to their success. For Australia to play the same game, it will have to leverage its wealth of resources, and clean up its act along the way.
The EnerPack from Indian manufacturer Jakson consists of a hybrid inverter, lithium ferro phosphate batteries, and an intelligent energy management system that can smartly combine grid power, solar power, wind power, and even diesel generator power supply to maximize the use of renewable energy.
LNJ Bhilwara, a diversified business group with presence in graphite electrode manufacturing, has formed a joint venture with Pune-based Replus Engitech to create lithium battery solutions for both e-mobility and stationary applications. The JV aims to have 1 GWh capacity operational in Pune by mid-2022 and eventually scale it to 5 GWh by 2024.
The production-linked incentive scheme for battery storage, with an outlay of INR 18,100 crore (US$ 2459 million), is intended to build a cumulative 50 GWh of advanced chemistry cell (ACC) and 5 GWh of ‘niche’ ACC production facilities in India.
The energy storage manufacturer will use the funds to expand its manufacturing capabilities, and aid product development with emphasis on smart Internet of Things (IOT) based batteries and telematics.
The Telangana-headquartered lithium-iron-phosphate (LFP) battery manufacturer has teamed up with Las Vegas-headquartered Barrel Energy to develop and manufacture lithium batteries for electric vehicles. The joint venture will establish factories in India and North America.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.