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Deal▲ Bullish for Advait Energy Transitions
Advait Energy secures battery cell supply for 2.5 GWh Gujarat plant as it prepares to make BESS in India
The brief
- Subsidiary signed a deal with Hithium for up to 1 GWh of battery cells
- Advait Energy is preparing to start BESS production in Gujarat
- Battery-cell supply supports Advait Energy Transitions’ storage ambitions, though execution remains key
- India to add up to 50 GWh battery storage capacity over next 2 yrs: Crisil
- India may need over Rs 4 lakh crore investment in energy storage by FY32: Report