Waaree Technologies Ltd, an energy storage division of Waaree Group, announced that it has signed a non-binding Memorandum of Understanding (MoU) with Israeli company 3DBattery to develop and produce advanced energy storage solutions based on 3DBattery’s lithium-ion and upcoming sodium-ion technology. The two partners will evaluate the collaboration further before entering into a definitive agreement.
3DBattery develops advanced lithium-ion battery cells delivering improved energy storage performance. The company offers batteries across a range of cell chemistries for a variety of applications, including electric vehicles, micro mobility, stationary and renewable energy.
The partership combines Waaree’s manufacturing capabilities and 3DBattery’s R&D capabilities. Through the collaboration, Waaree Technologies Ltd will gain the capability to indigenously manufacture high-performance, rechargeable energy storage solutions.
Kirit Doshi, chairman & managing director of Waaree Technologies, said, 3DBattery’s path-breaking lithium-ion and sodium-ion battery technology will enable Waaree to build capacities for 5 GWh of battery cell production.
“Given the growing awareness of the need to diversify supply chains and reduce dependency on a single source, our ability to produce the first fully Indian-manufactured next-generation battery system assumes a special significance. Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market, and to become a driving force in the global clean energy transition,” Doshi added.
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