Image: Wikimedia/Yann Forget
Haryana-based electronics manufacturer Indian Technological Products (ITP) has announced the opening of a lithium battery factory in Gurgaon, which has the capacity to produce 100MWh of battery storage annually. The plant will produce lithium batteries for solar, energy storage, and electric vehicle applications.
Ajay Gupta, chief operating officer, ITP, told pv magazine, “The plant will be processing both nickel-manganese-cobalt (NMC) and lithium-iron-phosphate (LFP) chemistries to begin with. We will also explore other chemistries as we move ahead in our journey.”
The cells for the battery packs will be sourced from tier-1 listed companies in China and from Europe for critical applications, said Gupta.
ITP plans to increase the plant capacity to 200MWh/annum by December end of this year.
“This [100MWh] is just the first phase. We plan to bring many strong design-based solutions for off-grid and electric vehicles by the end of 2022, and it will also include a further doubling of the capacity,” said Gupta.
The plant has been operational since April 10. The battery packs, sold under the Wakai brand, will pass through rigorous tests and simulations to ensure the desired performance for the targeted applications.
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