Technology developed by India’s state-owned Indian Oil Corporation to “increase the lifetime” of lead-acid batteries could be licensed to battery makers, the corporation’s director of research and development has revealed.
“We have developed a new nano material, which when used in a lead-acid battery in fixed proportion, increases the life of the battery by 30% and cuts charging time by 40%,” SSV Ramakumar said.
Ramakumar told The Economic Times of India the corporation is “now exploring ways to take (the technology) to market”, “All options are open to us. We can set up our own manufacturing or we can join hands with some leading battery manufacturer in the country.”
“IndianOil chose to work on lead-acid battery tech as it was found more suited to Indian needs,” Ramakumar said. “This is a mature battery technology. Its raw material is available in India. Its recycling technology is available in the country.”
Ramakumar added that the corporation is also working on “some new generation battery technology besides lead-acid”, but he did not give details.
BEST Battery Briefing reported in 2018 that IndianOil had signed energy technology tie-up deals with Israeli companies— including one developing aluminium-air battery systems.