GoodEnough Powers Up India's First Battery Gigafactory
- GoodEnough Energy to launch India's first battery gigafactory in Jammu & Kashmir, supporting green energy goals with 20 GWh capacity by 2026.
Indian battery maker GoodEnough Energy is set to open India's first battery gigafactory in Jammu & Kashmir, with initial production starting in October and aiming for full capacity by 2026. The company plans to produce battery energy storage systems with 7 GWh capacity initially, with a total proposed capacity of 20 GWh. The project will require over INR 4.5 billion in investments and is expected to be the largest battery production complex in India.
The gigafactory project is part of India's efforts to expand its renewable energy fleet to 500 GW by 2030, up from 178 GW in August 2023. GoodEnough Energy aims to support industries in achieving their green energy targets and contribute to India's carbon reduction goals. The company's owner, Akash Kaushik, highlighted the projected increase in demand for battery products, expected to reach 260 GWh by the end of the decade.
What are the goals of India's first battery gigafactory in Jammu & Kashmir?
- To produce battery energy storage systems with 7 GWh capacity initially, with a total proposed capacity of 20 GWh
- To support industries in achieving their green energy targets and contribute to India's carbon reduction goals
- To meet the projected increase in demand for battery products, expected to reach 260 GWh by the end of the decade
- To be part of India's efforts to expand its renewable energy fleet to 500 GW by 2030
- To become the largest battery production complex in India, requiring over INR 4.5 billion in investments
