New Delhi: Energy storage and electric two-wheeler company PURE plans to spend around ₹400 crore over the next three years to expand its battery energy storage capacity to 2.5 gigawatt hours (GWh).On Wednesday, the company launched a battery-based 5 MWh grid storage product, called PuREPower Grid.”PURE is set to invest ₹400 crore in the next 18-36 months in energy storage products to expand battery and Power electronics production and in-house firmware capabilities, boosting its capacity to 2.5 GWh from the current 250 MWh. This expansion, funded through equity and debt, builds on the ₹100 crore+ invested in R&D, plant setup, and battery manufacturing,” said a company statement.Also Read | Schneider plans next phase of India investments, eyes energy storage solutions”The expansion will aid energy storage products to boost battery and power electronics production and in-house firmware capabilities from an existing 250 MWh to the projected 2.5 GWh,” it added.It said that the expansion will be funded through a mix of equity and debt.“Our products are 69% indigenous. So, when we talk about rectifiers, converters, capacitors, super-capacitors…everything we have localized. This power electronics and firmware integration has been a very, very critical thing for us. We have harnessed our deep expertise in battery technology and power electronics to create a grid-scale product that is powerful, intelligent, and cost-effective. PuREPower Grid will contribute to grid stability and the seamless integration of renewables,” said Nishanth Dongari, founder, PURE.Also Read | New solar projects to have 2-hour energy storage capacity to ensure stable gridThe company’s newly launched PuREPower Grid features a multi-level thermal management or cooling system, liquid cooling at pack-level, and rack-level, said a company statement, adding that the ingenious design guarantees efficient heat dissipation, extending the lifespan, better round-trip efficiencies and offers enhanced safety.”PuREPower Grid also incorporates Cloud & Predictive AI for seamless remote monitoring and 100% uptime, minimizing disruptions and maximizing operational efficiency,” it said.Also Read | Sembcorp bags 150 MW solar project with 300 MWh energy storageThe development comes at a time when the Centre has mandated 10% integrated battery storage for all upcoming tenders for solar power projects.Demand for Battery Energy Storage Systems (BESS) in India is growing, with the market projected to reach over $36 billion by the end of this decade, driven by the nation’s commitment to integrating its ambitious 500GW of non-fossil energy and a need for over 200 GWh of BESS by 2030.Storage gains significance in amid India’s ambitious energy transition goals. 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PURE has allocated ₹400 crore for capital expenditures in its energy storage sector over the next three years.
