India’s government is reportedly finalising a plan to build at least four battery cell factories with a capacity of 10 GWh each. A strong expansion of production is already planned by 2030.
According to a report in the Indian financial newspaper Mint, the investments will amount to around four billion dollars. The cells are to be used both for electric cars and for stationary energy storage devices for the power grids and for the consumer electronics industry. “Why should India import battery storage units when we have the largest market here,” a high-ranking government official is quoted as saying.
According to a conservative scenario of the NITI Aayog think tank used by the Indian government, India will need six such battery factories with a capacity of 10 GWh each by 2025 and twelve by 2030. According to the report, the Indians want to achieve something “along the lines of what Tesla has done in Nevada”.
However, it remains to be seen just how this will be achieved. As Mint writes, a performance-related subsidy for sold cells could be offered in kilowatt hours (kWh). It is also possible to offer cheaper financing options or tax reductions.
Plans for the construction of a semi-state-owned battery cell plant in India were already published in January of this year. The plan provides for the battery factory to be built by the Libcoin consortium together with the state-owned Indian company Bharat Heavy Electricals. Initially, the plant is to have a production capacity of 1 GWh, with a gradual increase in capacity to up to 30 GWh per year.