India is one of the largest importer of oil in the world, which somehow effect the country economically. India aims to reduce its import burden by promoting the adoption of electric vehicles for specially environmental & economic benefits. Many companies and organisation started investing in green energy filled. Here are some major players:
Reliance New Energy Solar (RNES):- RNES, a part of the Indian conglomerate Reliance, has acquired the UK start up Faradion with a US$135 million. RNES is establishing a Giga-scale manufacturing facility using Faradion’s technology, with a production capacity of 1GWh. This acquisition is considered a strategic move to accelerate green energy production like electric vehicles, mobile applications, and BESS.
Sentient Labs: – It’s a Pune-based research and Tech Company, is developing sodium batteries that are expected to reduce the cost almost half.
Bharat Heavy Electricals Limited (BHEL):- The largest government-owned engineering and manufacturing company in India, it is actively involved in SIB research and they have developed prototypes for trials in renewable energy applications.
Amara Raja Batteries: – One of the leading manufacturer of conventional batteries in India Amara Raja Batteries a Hyderabad based company. They are exploring the development of sodium-ion batteries for energy storage applications.
There are several other organisations trying to do something new like Bharat Energy Storage Technology (BEST), Indo-US MIM Tech Technology, Central Electrochemical Research Institue (CECRI), and Amrita Centre for Nano Sciences and Molecular Medicine (ACNSMM). Additionally, IIT Kharagpur and several start-ups, such as KPIT Technologies and so manys.
Big player like China dominates the renewable energy market. China holds a dominant position in the global lithium-ion battery market accounting for approximately 60% of the market share, with 80% of the largest battery manufacturers based there. China controls the lithium supply chain, possessing 61% of the global lithium refining capacity. The country has made significant progress in mining rare materials. Training engineers, and establishing large factories to meet the rising demand for batteries.
India promote the use of renewable energy. Some new lithium storage sources found in India which is good enough for India for next few decades. Now the challenges are how Indian companies build the infrastructure to put their name in the top of the list.
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