Purely planned capital expenditure of Rs 4 billion in energy storage operations in the next three years
New Delhi: Energy storage and electric two-wheeler companies purely plan to spend around ₹Over the next three years, its battery storage capacity was expanded to 2.5 GWH.
On Wednesday, the company launched a battery-based 5 MWH grid storage product called the Pure Power Grid.
“Purely investing ₹In the next 18-36 months of energy storage, production and internal firmware capabilities of battery and power electronics can be expanded, thereby increasing their capacity from the current 250 MWH to 2.5 GWH. This expansion through fairness and debt funding is built on ₹“10 billion+ invested in R&D, factory setup and battery manufacturing,” the company statement said.
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It added: “The expansion will help with energy storage products, thereby bringing battery and power electronics and internal firmware capabilities from the existing 250 MWH to the expected 2.5 GWH.”
It said the expansion will be funded through a mix of equity and debt.
“Our products are 69% native. So when we talk about rectifiers, converters, capacitors, super targets… we localize everything. This kind of power electronics and firmware integration is a very, very important thing for us. Our startup and effective ability and pure energy and pure effect in battery technology and power products, and the effect is solid and effective, and effective, effective and effective. Seamless integration of renewable energy.” said Nishanth Dongari, founder of Pure.
The company’s newly launched Purepower grid features multi-stage thermal management or cooling systems, packaging-level liquid cooling, and rack-level liquid cooling, adding that the clever design guarantees effective heat dissipation, extends life, better round-trip efficiency, and provides enhanced safety.
It says: “PurePower grid also combines cloud and predictive AI for seamless remote monitoring and 100% uptime, minimizing disruptions and maximizing operational efficiency.”
The development comes at a time when the Center requires the tender for integrated battery storage for all upcoming solar projects.
Beth’s demand grows
India’s demand for battery energy storage systems (BES) is growing, with the market expected to exceed $36 billion by the end of the decade, thanks to the country’s commitment to an ambitious 500GW non-fossil energy convergence and a need to exceed 200 GWH to Bess by 2030.
Storage is of great significance in India’s ambitious energy transition goals. Since renewable energy from solar and wind are intermittent, they can unstable the grid and storage solutions will ensure grid stability.
