Atul Greentech, a subsidiary of Atul Auto, has signed an agreement with Exide Energy Solutions (EESL) to source lithium-ion battery packs from EESL’s facility in Prantij, Gujarat. The agreement also includes sourcing lithium-ion cells once EESL begins production at its Bangalore facility.

This partnership aims to enhance India’s self-reliance in the EV sector, integrating domestically manufactured lithium-ion cells to promote sustainable and innovative electric mobility solutions. 

Atul Auto, known for its three-wheelers, operates in both domestic and international markets, while Atul Greentech (AGPL) focuses on developing EVs for last-mile mobility. EESL, a subsidiary of Exide Industries, manufactures lithium-ion cells, modules, and packs.

Similar Posts

|

ADB approves USD 241.3 million for electricity distribution in West Bengal

By

The Asian Development Bank (ADB) has approved a USD 241.3 million financing package to enhance electricity distribution in West Bengal, ensuring a reliable and sustainable power supply.  This program aligns with the revamped distribution sector scheme (RDSS) to strengthen operational efficiency in power distribution companies. The West Bengal Distribution System Strengthening Program will cover seven districts, benefiting 8.96 million consumers. Key components of the program include replacing low-tension overhead lines with aerial bundled cables, establishing…

|

ReNew plans to double its portfolio to 21 GW in five years

By

ReNew is set to double its aggregate portfolio to 21 GW over the next five years, Chairman Sumant Sinha announced. This statement came after the release of the company’s first Annual Integrated Report, highlighting its commitment to expanding capacity with environmental considerations. The company surpassed the 10 GW capacity mark in FY24.

|

JSW wins 1,500 MW pumped hydro storage contract from MSEDCL

By

JSW Neo Energy, a subsidiary of JSW Energy, has received a letter of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL) to provide 1,500 MW/12,000 MWh of pumped hydro energy storage. The Bhavali pumped hydro project, located across Nashik and Thane districts, will feature an eight-hour discharge capacity with a maximum of five continuous hours of discharge. The energy storage capacity will be provided for 40 years. With this order, JSW Neo Energy’s total locked-in…

|

EWEC receives three bids for 1,500 MW Khazna Solar PV project in Abu Dhabi

By

Emirates Water and Electricity Company (EWEC) has received three bids for its new 1,500 MW Khazna Solar Photovoltaic (PV) Independent Power Project in Abu Dhabi.  The bidders include ENGIE, a consortium led by EDF Renewables and Korea Western Power (KOWEPO), and a joint consortium of Jinko Power and JERA. The Khazna project is expected to reduce Abu Dhabi’s carbon emissions by over 2.4 million tonnes annually, contributing 5 percent toward EWEC’s targeted 36 percent reduction…

|

US DOE grants $1.45 billion loan to Qcells for Georgia solar facility

By

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has granted conditional support for a loan of up to $1.45 billion to Qcells, aiding the construction of a first-of-its-kind solar supply chain manufacturing facility in Cartersville, Georgia. Once finalized, the loan will support Qcells, the largest silicon-based solar panel manufacturer in the West, in producing critical solar technologies at a multi-gigawatt scale, including ingots, wafers, cells, and finished panels. Qcells aims to complete the…

|

India’s renewable capacity reaches 190.57 GW, solar leads the way

By

In FY 2024, India added 11.5 GW of new utility-scale solar capacity, an 18% increase from the previous year, according to a report by JMK Research. The rooftop solar sector also showed impressive growth, with 3 GW installed, a 34% year-on-year increase. Wind capacity additions reached 3.25 GW, a 42.9% rise compared to FY 2023. The momentum continued in Q1 2024, with approximately 7.5 GW of utility-scale solar capacity added, five times the amount installed…

Leave a Reply

Your email address will not be published. Required fields are marked *