|
Private Sector | Jammu-kashmir - India | PID: 202657
|
GoodEnough Energy will set up a battery energy storage systems (BESS) gigafactory in Jammu and Kashmir with an initial capacity of seven GWh. The company has committed a total investment of over Rs 450 crore towards the project.
Moreover, at full scale, the factory will have 20 GWh capacity by 2026. The seven GWh of annual storage will help reduce more than five million tonne (MT) of CO2 emissions annually, and the gigafactory will also create employment opportunities for over 100 SMEs as vendors and suppliers and would further boost job ceation in the state.
With its focus on developing indigenous BESS technologies with global competence, it aims to empower high CO2 emission industries in achieving their green targets. Through the capacity expansion, the company aims to reduce 15 million tonne of CO2 emissions by 2026.
The company is a manufacturer of BESS offering commercial, industrial, and institutional energy backup solutions. It aims to support India’s net-zero goal and various industries with high CO2 emissions, including molding industries, automation, mining, hospitals, refineries, malls, and others.
| Updated on: 22 - Mar - 2024
|
|
|
|