Jindal India Renewable Energy, part of the BC Jindal Group, has announced its entry into the battery energy storage systems (BESS) sector. The company plans to build a 1 GWh battery pack assembly line using lithium iron phosphate (LFP) chemistry by 2025 and intends to set up a 5 GWh battery cell manufacturing unit by 2027. To achieve these ambitious targets, the company will collaborate with a world-class technology provider, according to the company’s statement.
The venture aligns with India’s goal of becoming a top global player in renewable energy. The sector is currently experiencing rapid growth, driven by policy measures that support renewable energy for a greener future.
Battery energy storage systems are key to grid stability and efficient energy management, addressing power supply issues during peak periods. The Indian BESS market is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.41% until 2032, highlighting the significant opportunities in this sector.
Punit Gupta, Director of Jindal India Renewable Energy, noted, “By investing in battery energy storage systems, we are expanding our portfolio and contributing to grid stability and the deeper integration of renewable energy sources.”
The company aims to generate 5 GW of power through solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) modes. The company will also manufacture photovoltaic cells and modules to meet growing solar energy demands.
Operating under the BC Jindal Group, which was founded in 1952 by Shri B.C. Jindal, Jindal India Renewable Energy has evolved from being a steel pipe and fittings manufacturer into one of India’s leading conglomerates, now significantly invested in the power sector.
