Wednesday, April 24, 2024

GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K


Share post:


Shillong, March 19: 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). (IANS)


Related articles

Opposition INDIA bloc working on ‘one year, one PM’ formula: PM Modi

Betul (Madhya Pradesh), April 24:  Urging people to be cautious of Congress' 'agenda', Prime Minister Narendra Modi said...

Sushant Singh Rajput’s pic with Dhoni and baby daughter goes viral, fans get emotional

Mumbai, April 24:  A throwback monochrome photograph featuring late Bollywood star Sushant Singh Rajput has gone viral on...

Legend recognises legend: A.R. Rahman wishes Taylor Swift all the best for her new album

Mumbai, April 24: Oscar and Grammy-winning music composer A.R. Rahman has wished American singer-songwriter Taylor Swift success for...

PM Modi hopes new Ramakrishna Mission President will guide society to ‘greater wisdom and compassion’

New Delhi, April 24:  Prime Minister Narendra Modi on Wednesday extended his best wishes to Swami Gautamanandaji Maharaj...