IANS | 19 Mar, 2024
GoodEnough Energy on Tuesday announced that it would make an
investment of over Rs 450 crore for setting up a Battery Energy Storage
System (BESS) gigafactory in Jammu & Kashmir.
The gigafactory will ensure grid stability with an Initial
capacity of 7GWh which will then be scaled up to 20 GWH capacity by
2026, the company said.
GoodEnough Energy founder Akash Kaushik
said the company aims to support India’s Net-Zero goal and various
industries with high CO2 emissions including molding industries (plastic
etc.), automation, mining, hospitals, refineries, malls and shopping
complexes with its 7GWH of annual storage leading to the reduction of
over 5 Million tonne of CO2 emission in a year.
The Gigafactory
will also create job opportunities for over 100 SMEs as vendors and
suppliers and will boost job generation in the J&K region.
The
announcement was made here at an event attended by Dinesh Jagdale,
Joint Secretary, MNRE, and Rahul Walawalkar, president, India Energy
Storage Alliance (IESA).
