Haryana-based electronics manufacturer Indian Technological Products (ITP) has announced the opening of a lithium battery factory in Gurgaon, which has the capacity to produce 100MWh of battery storage annually. The plant will produce lithium batteries for solar, energy storage, and electric vehicle applications.
Ajay Gupta, chief operating officer, ITP, told pv magazine, “The plant will be processing both nickel-manganese-cobalt (NMC) and lithium-iron-phosphate (LFP) chemistries to begin with. We will also explore other chemistries as we move ahead in our journey.”
The cells for the battery packs will be sourced from tier-1 listed companies in China and from Europe for critical applications, said Gupta.
ITP plans to increase the plant capacity to 200MWh/annum by December end of this year.
“This [100MWh] is just the first phase. We plan to bring many strong design-based solutions for off-grid and electric vehicles by the end of 2022, and it will also include a further doubling of the capacity,” said Gupta.
The plant has been operational since April 10. The battery packs, sold under the Wakai brand, will pass through rigorous tests and simulations to ensure the desired performance for the targeted applications.
Chairman B.M. Vaish said, “Once again, ITP has moved forward by manufacturing lithium batteries to meet the high expectations of their customers. The batteries will be made using the latest technology, a full understanding of the process by a committed and highly disciplined workforce. This will ensure high quality.”
Managing director Anil Batra added, “Energy generation and consumption systems are transforming rapidly, keeping in mind challenges posed by climate change. ITP Energy is an active participant in this process and focuses on providing safe, sustainable, and compact lithium-ion-based batteries for solar, e- mobility, and energy storage applications. ITP’s new advanced manufacturing facility, which will produce the WAKAI range, is an important step in this direction.”
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