Hyderabad, Nov 29 : Waaree Technologies Limited. (WTL), an energy storage division of the leading renewable energy and technology player Waaree Group, on Wednesday announced that it has signed a non-binding Memorandum of Understanding (MoU) with Israeli-based 3DBattery, to develop and produce advanced energy storage solutions, based on 3DBattery’s lithium-ion and upcoming sodium-ion technology.
Providing advanced Lithium ion battery cells with state-of-the-art chemistry, delivering improved energy storage performance, 3DBattery company offers a range of cell chemistries for a variety of applications, including Electric Vehicles, Micro Mobility, Stationary and Renewable Energy, a release said.
WTL aims to become India’s leading “Cell to System” technology company, offering reliable, affordable and high-quality energy storage solutions.
Through the collaboration, WTL will gain the capability to indigenously manufacture high-performance, rechargeable energy storage solutions, thus significantly strengthening the company’s position in the Indian, and global, new & energy domain.
Commenting on the partnership, Mr. Kirit Doshi, Chairman & Managing Director, WTL, said “We are excited to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree’s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage.
Leveraging 3DBattery’s path-breaking lithium-ion and sodium-ion battery technology will enable us to build capacities for 5GWh of battery cell production. Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market, and to become a driving force in the global clean energy transition.”
Through collaborations with global players in the renewable & new energy storage space, WTL reinforces its commitment to manufacturing, and driving the adoption of, new-age technologies that will reshape the world’s energy landscape and pave the path towards Net-Zero.