By: ICN Bureau
Last updated : June 02, 2024 8:16 pm
This collaboration aims to harness the world's best technology with the advantage of local production, creating a competitive edge in the market
Battrixx, the future technologies division of Kabra Extrusion Technik (KET) and China’s Eve Power agreed to co-operate to deliver advanced Battery Energy Storage System (BESS) solutions in India.
The companies will combine their respective strengths, where EVE will supply battery cells and DC side ESS products to Kabra, and Kabra will assemble and integrate these products at its manufacturing facility in India. This collaboration aims to harness the world's best technology with the advantage of local production, creating a competitive edge in the market.
Currently, Kabra Extrusiontechnik Limited, under the BATTRIXX brand, is a leading manufacturer of Lithium-Ion batteries for the E-Mobility market in India, with a production capacity of 2GWh.
"The Battery Energy Storage System (BESS) market in India is witnessing significant growth driven by several factors such as increasing renewable energy integration, grid stability concerns, and the rising demand for reliable power supply. The demand for BESS market is set to soar and will be a major disruptor in India's power sector in the coming years," said Ekta Kabra, Managing Director of Kabra Extrusiontechnik Limited. According to the Central Electricity Authority's (CEA) latest optimal generation mix report, the BESS market in India is projected to exceed 208 GWh by 2030.
Ekta further emphasized, "Renewable energy growth is pivotal to the expansion of the BESS market in India. We are thrilled to work with EVE to deepen our cooperation in the green energy sector and for the development of Battery Energy Storage System (BESS). This cooperation shows our dedication to transforming the energy industry and fostering a greener future."