Indian battery manufacturer Good Enough Energy said on Tuesday it intends to start operations at India’s first gigafactory in October. It will be sited in the northern region of Jammu and Kashmir.
Reuters reported it has already invested ₹1.5 billion ($18.1 million) on the 7GWh facility and will double the investment by 2027 to raise capacity to 20GWh, quoting its founder Akash Kaushik.
The company makes lithium-ion batteries and said its move is an example of India’s homegrown innovation and manufacturing potential and represents a milestone for the entire energy storage sector in India.
The India Energy Storage Alliance (IESA) held a one-day conference in New Delhi on 19 March on stationary energy storage in India. It said the country’s National Electricity Plan projects energy storage of 411GWh (236GWh from BESS) by 2031–32.
The Viability Gap Funding scheme approved by government offers support for up to 40% of 4GWh BESS project capital costs by 2030–31.
IESA added the Ministry of New and Renewable Energy intends to invite bids for 50GW of renewable energy capacity per year for the next five years.
Last August, we reported India’s Exide Energy requested 40 acres of land from a regional Indian government for the second phase of its lithium-ion gigafactory construction.
Photo: IESA director Debi Prasad
