India to witness Rs 2,000 cr investment opportunities in at IESW 2024

With only a week ahead of India’s leading energy storage & advanced battery event, India Energy Storage Alliance (IESA) is all set to host the 10th edition of India Energy Storage Week (IESW) in New Delhi. In a gala Press Conference today, IESA announced the potential investment of over INR 2000 Crore coming to India at IESW 2024. In the esteemed presence Cristian Valdes Carter, Director & Commercial Counsellor – India, Innovation Norway, Royal Norwegian Embassy in New Delhi; Nashid Chowdhury, Investment and Trade Commissioner, India-Gulf, Government of Western Australia along with 10+ industry CXOs and IESA executives and other government representatives, IESA also shared the new factory announcements at IESW to fuel India’s global energy storage and clean tech hub mission.

Scheduled to take place from July 1-5, 2024, IESW 2024 – International Conference & Expo is expected to witness the participation of 150+ key partners and exhibitors and 1000+ companies.

IESW 2024 will hold 5+ new factory announcements. Singapore headquartered, VFlowTech is proud to announce the launch of the largest long-duration energy storage manufacturing facility (non-lithium battery) at Palwal, Haryana during the India Energy Storage Week (IESW) 2024. Vivek Seth, Managing Director (India), VFlowTech India Pvt Ltd said, “Focused on producing VFlow Tech’s advanced kWh and MWh VRFB systems, our new facility represents a significant milestone in the company’s expansion strategy. The high-tech facility has a current annual capacity of 100 MWh with plans to scale up to a Gigafactory in the next 2 years with committed investments from the parent Singapore company. Now we are ready for Indian operations and scaling up with a larger presence in India.”

Nash Energy will showcase its indigenously produced Li-Ion battery cell at IESW 2024, which is manufactured in India. Mr. Anil Kumar, COO, Nash Energy said, “ We are the first company in India to launch a dedicated Li-Ion battery plant at a massive scale. Nash has set up a Lithium Ion cell manufacturing plant in Karnataka with an annual capacity of 600 MWh scalable to 1.5 GWh to produce LFP cylindrical 32140 format cells. The factory will start production by next month.”

BatX Energies proudly announces the opening of its cutting-edge battery recycling and materials extraction facility, HUB-1 at IESW 2024. The new HUB-1 facility is designed to extract 2.5 thousand metric tons of battery materials annually, encompassing all battery chemistries to drive the global energy transition to a sustainable and circular economy pathway. This plant is fully integrated with an advanced material science research lab (funded by the Ministry of Heavy Industries), a commercial-scale battery refurbishing setup (10 MW), and a patented, indigenously designed material extraction plant.

Lohum the Leading company in battery material specializing in Lithium-Ion Battery recycling is also announcing to enter next-gen ‘Manganese-rich’ Lithium-ion battery technology manufacturing, supported by an R&D grant from India’s Ministry of Mines. Aligned with this objective, the company has roped in ex-Tesla veteran Chaitanya Sharma, Founder of Nascent Materials.

Bharat Cell by Khusmanda Power also announced its entrance to BSES space with the announcement of a 2 GWh BSES system manufacturing facility at IESW 2024.

India Energy Storage Week (IESW) has successfully established itself as Asia’s biggest launchpad for new products, solutions, and technologies in the space of energy storage, electric mobility, and green hydrogen. New product launches at IESW 2024 include a 20 ft BESS System, specialized solvent extractant chemical for the recovery of cobalt from spent lithium-ion batteries and mining ores, Isothermal Air compression & expansion Technology for extra Long Duration Energy Storage, and Composite Overwrapped Pressure Vessel for green Hydrogen storage by various companies.

IESW 2024 is also expected to witness the signing of 5+ MoUs and Partnership deals at the event including one of the MoU between IESA and Powering Australia. Three knowledge papers will be unveiled by government officials during the event which includes, “India’s roadmap for battery-grade graphite” by India Battery Manufacturing & Supply Chain Council (IBMSCC), “Battery Raw Materials Availability and Global Partnership” by Customized Energy Solutions “Mobility Electrification Journey, Prospects and Outlook in India” by India Electric Mobility Council (IEMC),

IESW 2024 has received confirmations from 10+ central Ministries and bodies of active participation including MNRE, MoP, MHI, MoRTH, MEITY, Ministry of Mines, Ministry of Science & Technology, MoEFCC, NITI Aayog, Principal Scientific Advisor (PSA), Government of India and CEA, CERC, SECI, GRID India, EESL and others. Australia, Norway, and Finland are the country partner, and Govt of Western Australia is the Global State Partner for IESW 2024. IESW 2024 received confirmations from 150+ partners & Exhibitors and 1000+ global delegates from 30+ countries including Japan, Southern Korea, Germany, France, Norway, Singapore, Australia, the UK, the USA, and other countries.

10+ Parallel sessions organized by multiple partners including LDES Councils, Indo-German Energy Forum (IGEF), WRI, Shakti Foundation, ULSE, and Internal Solar Alliance (ISA). 50+ start-ups, 10+ incubation centers, and leading investors including Shell Ventures, Chakra Growth Fund Singularity, and others are joining the IESW Start-Up Day program and Founders Roundtable. Women in Energy Forum, co-hosted with the German Energy Forum (IGEF-SO) will have the presence of 200+ women leaders from energy storage, electric Mobility, and green hydrogen sectors as part of IESW 2024.

Source:  India Energy Storage Alliance (IESA).