The multifarious LNJ Bhilwara Group has 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.
The JV will establish a 1-GWh plant for lithium-ion battery modules & packs, battery management systems, energy management systems, and containerized battery energy solutions.
These products will cater to large energy storage systems (ESS) for renewable integration, microgrid, utility support, railways, telecom, data centers, transmission & distribution demand management, power walls for commercial, and residential applications.
Battery packs for 2-wheelers, 3-wheelers (both Swappable and vharge-and-drive), electric-buses, and 4-wheelers are among the e-mobility products.
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, an official release said.
Energy storage demand
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, the release added.
Featured photograph shows Ankur Khaitan from LNJ Bhilwara Group (left) and Hiren Pravin Shah from Replus Engitech signing the joint venture agreement.
