Indian energy storage manufacturing to attract $3 billion investment over 3 years: IESA

Posted by Web Master 6 on November 15, 2017 10:30 AM EST
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New Delhi: Large-scale adoption of energy storageis expected to attract investment over $3 billion in the next three years, industry body India Energy Storage Alliance (IESA) said in a statement on Wednesday.

“These opportunities are expected to attract investment in 2-4 giga factories for advanced li-ion batteries in India, attracting over $3 billion investments in next 3 years. Already, over 1 GWh of annual assembling capacity is being set up for converting imported li-ion cells into battery modules by various Indian companies,” IESA said.

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