Jindal India Renewable Energy, a part of the BC Jindal Group, is venturing into the Battery Energy Storage Systems (BESS) sector with ambitious plans to set up a 1 GWh battery pack assembly line by 2025. The company also targets the establishment of a 5 GWh battery cell manufacturing facility by 2027, focusing on Lithium Iron Phosphate (LFP) chemistry. This move aligns with India's growing renewable energy ambitions and the increasing demand for grid stability.
The company's entry into BESS comes at a time when the sector is witnessing rapid growth, propelled by government initiatives that promote renewable energy adoption. The Indian BESS market is expected to grow at a CAGR of 11.41% until 2032, indicating substantial potential for expansion.
Punit Gupta, Director of Jindal India Renewable Energy, emphasised the significance of this investment, stating, "By investing in battery energy storage systems, we are expanding our portfolio as well as contributing to grid stability and deeper integration of renewable sources."
Beyond BESS, Jindal India Renewable Energy has plans to generate 5 GW of power from a mix of solar, wind, hybrid, and FDRE sources. The company is also set to enter the photovoltaic (PV) cell and module manufacturing sector to cater to the increasing demand for solar energy.
