GoodEnough Energy plans to invest ₹750 crore over the next three years to expand battery manufacturing capacity at its Noida facility to over 25 GWh, a company spokesperson said to Financial Express.
The company has commissioned a battery energy storage system (BESS) gigafactory in Noida with an initial capacity of 7 GWh, which has begun commercial operations. The expansion will be executed in phases and is expected to cater to rising demand for grid-scale energy storage, particularly from renewable power projects and industrial consumers, the official said.
Meeting Energy Demand
The investment comes as India’s renewable energy capacity has crossed 254 GW, more than half of the government’s target of 500 GW of non-fossil power by 2030. Power system studies estimate that the country will require up to 230 GWh of energy storage to manage intermittency and maintain grid stability as renewable penetration increases.
Energy storage has emerged as a key requirement for integrating large volumes of solar and wind power into the grid. Battery systems allow excess electricity to be stored and supplied during peak demand, reducing dependence on coal- and diesel-based backup power.
Founded in 2023, GoodEnough Energy has begun supplying battery energy storage systems to projects across sectors including manufacturing, infrastructure, healthcare, mining and commercial real estate, according to people familiar with its operations.
Supporting EV Infrastructure
Battery storage is also expected to support the expansion of electric vehicle charging infrastructure, particularly in areas with weak grid connectivity, by enabling peak load management and time shifting of electricity use.
At full scale, the company estimates that its battery systems could help reduce carbon emissions by displacing fossil fuel-based power generation. At current capacity, installations linked to the Noida facility are designed to prevent more than 5 million tonnes of carbon dioxide emissions annually, based on company estimates.
The Noida plant is expected to support a domestic supplier ecosystem, with small and medium enterprises participating in the supply chain, and generate employment in the region, officials said.