Waaree Technologies, the energy storage division of the Mumbai-based renewable energy and technology player Waaree Group has signed a non-binding Memorandum of Understanding (MoU) with Israel-based 3DBattery, to develop and produce advanced energy storage solutions based on 3DBattery’s lithium-ion and upcoming sodium-ion technology.
The Israeli company provides advanced lithium ion battery cells and offers a range of cell chemistries for a variety of applications, including electric vehicles, micro mobility, stationary and renewable energy. Waaree Technologies aims to become India’s leading ‘Cell to System’ tech company, offering reliable, affordable and high-quality energy storage solutions.
The partners aim to leverage Waaree’s manufacturing capabilities, and 3DBattery’s robust R&D capabilities for the renewable energy storage sector. Through the collaboration, Waaree Technologies 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.
Kirit Doshi, Chairman & MD, Waree Technologies 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. Given the growing awareness of the need to diversify supply chains and reduce dependency on a single source, our ability to produce the first fully Indian-manufactured next-generation battery system assumes a special significance.”
