New Delhi: LNJ Bhilwara Group, a multi-diversified conglomerate, today announced its entry into the lithium-ion battery business through its private promoter entities.
The group has entered into a joint venture with Replus Engitech Pvt Ltd, a Pune-based company pioneering advanced energy storage products and solutions to establish a 1GWh plant for Lithium-Ion Battery Modules & Packs, Battery Management Systems (BMS), Energy Management Systems (EMS), and Containerized Battery Energy Solutions (BESS).
These products will cater to large Energy Storage Systems (ESS) for Renewable Integration, Micro Grid, Utility support, Railways, Telecom, Data centers, Transmission and Distribution Demand Management, Power Walls for Commercial, and Residential Applications. Battery Packs for 2-wheelers, 3-wheelers (both Swappable and Charge & Drive), Electric-buses, and 4-wheelers are among the E-mobility Products.
Further, Shah added, “The greenfield plant in Pune will be operational by mid-2022, with a capacity of 1GWh in Phase 1. In Phase 2, we are aiming to increase the capacity to 5GWh by 2024. In the medium run, we intend to be India’s leading provider of energy storage solutions. Eventually, we will target to be amongst the top 10 providers globally.”
LNJ Bhilwara Replus will focus on building high-tech, energy-efficient, smart, secure, and sustainable solutions that enrich the lives and livelihoods of communities, businesses, mobility, and utilities throughout the world.
According to the International Energy Association (IEA), the world needs 266 GW of energy storage by 2030 to keep global warming at 2 degrees Celsius, up from 176.5 GW in 2017. The India Energy Storage Alliance (IESA) estimated that India would have about 70 GW and 200 GWh of energy storage capacity by 2022, which is among the largest in the world.