Page 5 - Lithium Battery

India Battery Manufacturing Vision aims 500GWh annual capacity by 2035

Industry body India Energy Storage Alliance (IESA) on Friday unveiled its 'India Battery Manufacturing Vision' targeting over 500GWh capacity by 2035, having potential to create over 2.6 million jobs and bring investment worth USD 35 billion in the country. IESA is focused on the development of advanced energy storage, green hydrogen, and e-mobility technologies in India. "IESA has also set a vision to further scale this capacity to over 500 GWh by 2035 considering the demand growth for both stationary storage and e-mobility in India," said Rahul Walawalkar, Chair, WESD, Founder and President of IESA, and president & MD, Customized Energy Solutions (CES) India, in a statement. He explained that with 'India Battery Manufacturing Vision', the country can generate over 2.6 million jobs and bring in USD 35 billion investments by 2035. IESA is anticipating that the first gigafactory (manufacturing facility that produces components linked to electrification and decarbonization ...

Reliance unveils swappable, multipurpose batteries for EVs for clean energy

The idea is that a person can use one battery for mobility as well as for powering appliances at home, company executives at the event said

Shyam Metalics to foray into lithium ion battery-grade aluminum production

City-based Shyam Metalics and Energy Limited on Monday announced its entry to battery-grade aluminum foil, a critical component in lithium-ion cells, anticipating growing demand from Indian companies foraying into the new-age batteries. The company is a producer and exporter of aluminum foil for various industrial applications with an annual production capacity of 20,000 tonnes per annum. The company officials, however, did not elaborate on the capacity that would be catered to the battery segment or mention any capital expenditure for foraying into lithium-ion cell grade aluminium foil. Shyam Metalics in a statement said for the production of 1GWh (Gigawatt-hour) of LFP (Lithium Iron Phosphate) cells, which power a wide variety of electric vehicles and energy storage systems, 350 tons of high purity and uniform-thickness aluminum foil is required that acts as a positive (cathode) current collector. The demand for aluminum foil doubles for sodium-ion batteries, where both positive

Exxon Mobil experiments with extraction of lithium from subsurface brine

Exxon is looking at how to utilize its expertise in fracking of oil and gas from shale rock, which involves the use of large volumes of water

Volkswagen's battery unit PowerCo investor could be big client: CFO

The battery unit's first planned client is Ford, to whom it will deliver cells for vehicles the U.S. carmaker is building in Europe on Volkswagen's electric MEB platform

Govt clears Rs 3,760 cr viability gap fund to enhance battery storage

The Union Cabinet on Wednesday approved a Rs 3,760 crore viability gap funding for setting up battery energy storage system in the country, said Information and Broadcasting Minister Anurag Thakur. The entire Rs 3,760 crore viability gap funding will be borne by the central government, the minister said while briefing media about the Cabinet decisions. The fund will be released in five tranches till 2030-31 and help in creation of 4,000 MW hours storage. The viability gap funding, Thakur said, will lead to an investment of Rs 9,500 crore. India aims to meet its 50 per cent of energy requirements through renewable energy and non-fossil energy sources.

EV cell maker Log9 flags production hit on delayed visas to Chinese experts

"If the Chinese engineers don't arrive on time, then our cell line production will get impacted," Log9's co-founder and director, Pankaj Sharma, told Reuters

RecycleKaro to invest Rs 100 crore to set up Nickel plant in Maharashtra

Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of producing nickel from scrapped lithium-ion batteries and nickel hydroxide, RecycleKaro said in a statement. The plant will commence production by the end of 2023, it said. This venture is aimed at completing the value chain of a circular economy and meeting the surging demand for lithium-ion batteries in India's fast expanding electric vehicle market, the company said. "RecycleKaro announces its ambitious plans to establish a nickel metal plant, with a substantial investment of Rs 100 crore, in Maharashtra," the company said in a statement. The plant is expected to produce 1,200 tonnes of nickel annually, with 30 per cent of the production allocated for use in

Lithium auction roadmap to be released by end of August: Mines secretary

Recent parliamentary approval of Mines and Minerals (Development and Regulation) Amendment Bill, 2023, has invigorated efforts to expedite the comprehensive auction roadmap

Exide Industries to start lithium-ion cell project's phase-1 by FY25-end

The growing interest in electric vehicles is fuelling global demand for automotive lithium-ion batteries, it's worth noting

K'taka govt & IBC ink pact to set up recyclable Lithium-ion battery plant

The Karnataka government and US-based International Battery Company (IBC) on Tuesday signed a memorandum of understanding (MoU) to set up a recyclable Lithium-ion battery manufacturing unit at an outlay of Rs 8,000 crores (USD 1 BN) in the state. IBC India Pvt. Ltd., President Venkatesh Valluri and Principal Secretary for Department of Commerce and Industries Dr Selvakumar signed and exchanged the MoU in the presence of Large and Medium Industries Minister M B Patil. Speaking on the occasion, Patil said the company will establish the unit on a 100-acre parcel of land in the Bengaluru Rural district. "After the realisation of the project the state would have its second Lithium-ion battery manufacturing facility paving the way for becoming the front runner as a Li-ion battery manufacturing state in the country," he noted. Dr. Priyadarshi Panda, Founder and CEO, IBC stated that the pilot plant in Korea is on the verge of completion and the first set of test batteries was ready to be .

PLI, tax benefits and more: Niti's advice to boost EV battery manufacturing

The Niti Aayog suggested that the Centre should give impetus to scaling up lithium-ion battery (LIB) recycling infrastructure to complement the extraction efforts of critical minerals

As e-bikes proliferate, so do deadly fires blamed on exploding batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As the ubiquity of e-bikes has grown, so has the frequency of fires and deaths blamed on the batteries that power them, prompting a campaign to establish regulations on how the batteries are manufactured, sold, reconditioned, charged and stored. Consumer advocates and fire departments, particularly in New York City, are urging the U.S. Consumer Product Safety Commission to establish mandatory safety standards and confiscate noncompliant imports when they arrive at the border or shipping ports, so that unsafe e-bikes and poorly manufactured batteries don't reach streets and endanger homes. During a forum focused on e-bikes and lithium-ion batteries held Thursday in Bethesda, Maryland, the commission's chair, Alexander D. Hoehn-Saric, sai

Tata Steel to explore opportunities in lithium, other battery-minerals

The Tata Group, in June, also signed a deal with the Gujarat state government for setting-up a lithium-ion cell factory with an investment of about Rs 13,000 crore

India's Epsilon Advanced Materials expects US plant to start by 2026

Epsilon, the first Indian battery component maker to invest in the United States, would finalise a location for its plant in the next three months, said Vikram Handa

Electroplating industry pegged at Rs 12,000 cr on back of high EV demand

Backed by the high demand for electric vehicles, batteries, and hydrogen, the electroplating industry in the country is estimated to be at Rs 12,000 crore, a top industry official said. Homi Bhabha National Institute Vice-Chancellor U Kamachi Mudali said the electroplating industry globally was expected to grow to USD 30 billion. The sector has over three lakh electroplaters present across the country, Mudali noted at the fourth edition of Surface and Coating Expo 2023 here organized by Confederation of Indian Industry (CII). "This (surface and coating) industry today is estimated to be about Rs 12,000 crore. Globally, this industry is expected to grow to USD 30 billion 2030 from the current USD 20 billion." Ramik Shah, Director of Ronuk Group, which is engaged in the manufacturing and supplying of metal finishing and plating, said India was poised to grow in the next decade as many electroplating and global companies were setting up shop in India. "To offer and be a world-class .

RACEnergy inaugurates 10,000 sq ft battery production facility in T'gana

RACEnergy, a Hyderabad-based deep-tech electric vehicle infrastructure company for battery swapping, has inaugurated its new 10,000 square feet battery production facility here. The facility inaugurated on Wednesday is equipped with a 50 MWh battery production plant, which can manufacture 30,000 batteries per annum, the company said in a release. This milestone aligns with RACEnergy's goal of targeting 80,000 two and three-wheelers by 2025, representing a significant step towards their target of having 2,50,000 swappable batteries in circulation in the same timeframe, it said. The new facility will provide a collaborative environment for engineers and designers to push the boundaries of innovation, further developing cutting-edge battery technology for electric vehicles (EVs) and significantly expanding the company's production capacity, it said. "The launch of our new facility marks a significant milestone in our journey to revolutionise the electric mobility sector and will cater

State-owned firm KABIL to sign pact with Argentina to secure lithium blocks

KABIL, short for Khanij Bidesh India Ltd, was formed in August 2019 to identify, acquire, develop and process strategic minerals overseas for use in India

EV plant, battery manufacturing unit to come up in Pune and Aurangabad

Maharashtra Chief Minister Eknath Shinde on Wednesday said an electric vehicle facility and an EV battery manufacturing unit in Pune and Aurangabad, respectively, are among the Rs 40,000 crore worth of projects sanctioned by the state government. Talking to reporters here, Shinde said the EV and battery manufacturing units will come up with an investment of Rs 12,482 crore. He said a private company, Gogora India Pvt Ltd, will set up 12,000 battery swapping stations across the state in the next few years. A battery swapping station is a place where EV owners can quickly exchange their empty battery with a fully charged one. The CM said these projects will provide a boost to the fast-growing EV sector.

IBC to set up Lithium cell plant in Karnataka by investing Rs 8,000 cr

IBC plans to set up a non-captive gigafactory, involving a substantial investment of approximately Rs 8,000 crore