Bloomberg reported on November 27 that Chinese Envision Group is considering building a battery production line in India to optimize its energy storage layout in the country. Envision Group is currently one of the main manufacturers of wind turbines in India. The company plans to invest $34 million (340 million) to build a battery factory with an annual production capacity of 5 gigawatt hours, and will make the final decision based on market trends over the next 18 months. The project intends to procure battery cells from China and assemble battery racks and software infrastructure locally in India. It is reported that the current shortage of energy storage facilities severely restricts the growth of renewable energy capacity in India. Battery storage has advantages in scenarios such as grid frequency regulation, with a response speed far faster than coal-fired power plants. However, India's current battery storage capacity is less than 100 megawatts (one gigawatt), leading to widespread curtailment of solar and wind power. Media forecasts suggest that India's energy storage capacity could reach 4,600 megawatts (46 gigawatts) by 2032, indicating significant growth potential. However, current battery projects in India lack active bids from Indian companies with technical and commercial strength. Moreover, the project implementation capabilities of most Indian companies have raised concerns among industry professionals.
Original source: www.toutiao.com/article/1850126958966995/
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