The facility will fast track India’s journey to net zero emissions by
2070 as it cuts more than 5 million tons of carbon emissions annually,
according to GoodEnough which has already invested 1.5 billion
rupees ($18.07 million) in the 7 gigawatts per hour (GWH) facility.
The company plans to spend an additional 3 billion rupees by
2027 to increase the capacity to 20 GWH. These plans were
revealed by GoodEnough’s founder, Akash Kaushik.
Battery energy storage projects are crucial for India’s ambitious
plan to expand its renewable energy capacity to 500 gigawatts
(GW) by 2030, up from the current 178
The Indian government is offering incentives worth $452 million to
companies under a program to promote battery storage projects.
Battery storage systems enable the storage of energy from solar,
wind, and other renewable sources. This stored energy can be released when
needed, making renewable energy more reliable and consistent.
The establishment of India’s first battery storage
gigafactory is a significant step towards meeting the country’s renewable
energy targets and reducing its carbon footprint.
The gigafactory’s operations in
Jammu and Kashmir will play a pivotal role in supporting the growth of the
renewable energy sector in India