Li-ion

Renon India, an energy storage startup, has announced a new full-year revenue target, as well as plans to ramp up its annual lithium battery manufacturing capacity from 200 MWh to more than 500 MWh.

India’s Mecwin has unveiled compact, wall-mountable lithium battery inverters with 1,100 VA and 2,100 VA ratings. The 1,100 VA devices measure 455 mm x 530 mm x 235 mm and weigh 23 kg. The built-in battery can be charged with grid power and solar electricity. 

As sales of Li-ion batteries accelerate, both governments and the largest battery manufacturers are beginning to grapple with the question of whether local manufacturing facilities are desirable or even necessary. Although this appears to buck the trend of technological development over the last few decades, there are a number of technical as well as geopolitical reasons that make this a major issue for all Li-ion battery manufacturing stakeholders. Everoze partner Jamie Shaw-Stewart explores some of these issues.

Japanese carmaker Suzuki Motor is investing INR 7,300 crore (around $914 million) to set up the electric vehicle battery plant at Hansalpur in Gujarat. The plant will manufacture advanced-chemistry cell batteries.

Dutch manufacturer MG Energy Systems is offering a new storage system in two versions, with capacities of 5.8 kWh and 7.2 kWh and nominal capacities of 230 Ah and 280 Ah.

A new India Energy Storage Alliance (IESA) report projects electric vehicle sales to grow by as much as 49% per year to 17 million units by 2030, with electric two-wheelers accounting for almost 88% of total demand.

Sales growth in India’s electric vehicle market will moderate to 75% per year over the next three years, as supply constraints drive up prices of key raw materials for batteries. 

The urban mining startup has set up an R&D and innovation center focused on improving the efficiency and yield of its chemical-free technology for extracting valuable materials from dead lithium batteries. It will ramp up the facility to double it up as a fully operational metal extraction unit by the end of December.

The three companies will receive incentives under the government’s production-linked incentives scheme for battery storage. The scheme has an overall budgetary outlay of INR 18,100 crore (around US$ 2,284 million).

A new report says India will have only 50 million electric vehicles (EVs) on road by 2030 despite a ramp-up in domestic manufacturing, falling behind by 40% on the cumulative sales projections by NITI Aayog. It also recommends policy measures to improve India’s chances of realizing 80 million EV sales by 2030.