Energetica India Magazine March 2022

Exide to Set up Multi-GW Li-Ion Cell Manufacturing Facility in India in Collaboration with Chinese Battery Maker SVOLT Gogoro Introduces World’s First Swappable Solid State Battery Prototype for EVs 59 energetica INDIA- Mar_2022 Indian lead-acid battery major Exide Industries has entered into a long-year technical collaboration agreement with Chinese lithium-ion (Li-Ion) battery maker SVOLT Energy Technology Co. Ltd (SVOLT) to set up a GW scale li-ion cell manufacturing facility. In this regard, the seven decades older battery maker said that it is in the pro- cess of forming a Special Purpose Ve- hicle (SPV) by way of a wholly-owned subsidiary, and is in a fairly advanced stage of discussions for finalising the land parcel for this facility. The move is in line with the compa- ny’s participation in the Government’s Production-Linked Incentives (PLI) Scheme for the National Programme on Advanced Chemistry Cell (ACC) Bat- tery Storage. Under the agreement, the Chinese bat- tery maker will grant Exide an irrevoca- ble right and license to use, exploit and commercialise necessary technology and know-how owned by them for li-ion cell manufacturing in India. Additionally, SVOLT will also provide the support required for setting up a state-of-the-art greenfield manufactur - ing plant on a turnkey basis. SVOLT has been engaged in the busi- ness of production and development of li-ion batteries and battery systems for electric vehicles (EV) as well as for ener- gy storage. Commenting on the partnership, Sub- ir Chakraborty, MD & CEO, Exide, said, “Exide is excited to partner with SVOLT as this collaboration is a major step forward in Exide’s aspiration of becoming a leading player in the rap- idly emerging new-age electric mobility and stationary application businesses in India. With SVOLT’s strong tech- nical expertise, R&D capabilities and rich experience in manufacturing lithi- um-ion batteries, Exide plans to set-up a multi-gigawatt lithium-ion cell man- ufacturing facility. Spread out across two popular cell chemistries and three cell formats, this unit shall be uniquely placed to cater to the diverse require- ments of customers in India. This stra- tegic partnership is in line with Exide’s commitment to provide best-in-class batteries and energy storage solutions for automotive and industrial applica- tions.” Intel’s plan to invest in a major semi- conductor manufacturing facility in Licking County is the latest clear sign that Ohio’s growing solar energy econ- omy is providing a strong and competi- tive foundation for its future. Intel has committed to 100% renewable energy supply by 2030 to power its glob- al manufacturing operations, including its new facility planned for Licking County. Ohio was the first state to attract a mega battery factory to serve the grow- ing electric vehicle market when the $2.3 billion GM/LG Chem battery man- ufacturing facility selected Lordstown as its home. Many large automotive companies, such as GM, have plans to buy 100% renew- able energy located near their opera- tions. Ohio Power Siting Board approved a construction permit for 107.7 MW Union Ridge Solar project in Licking County’s Harrison Township. Addition- ally, 350 MW Harvey Solar project in Hartford Township is currently pending at the Siting Board. These two projects will generate more than $4 million per year in local tax revenue and bring hun- dreds of jobs during construction. “Ohio’s future prosperity lies in thoughtful economic development and the solar industry looks forward to con- tinuing to contribute to the economic growth of Ohio and to helping provide clean renewable energy to companies like Intel,” said Jake Kuss, USSEC’s Assistant Director. “Our state is ex- tremely well positioned to capitalize on the growth sectors of today’s economy thanks to a robust well-trained labor force, geography and access to least-cost energy in the form of solar power paired with complementary resources.” STORAGE