Waaree Technologies Ltd. (WTL), the energy storage division of the Waaree Group in renewable energy and technology, has entered into a non-binding Memorandum of Understanding (MoU) with the Israeli firm, 3DBattery. The collaboration aims to develop and manufacture advanced energy storage solutions using 3DBattery’s cutting-edge lithium-ion and upcoming sodium-ion technology.
3DBattery is known for providing advanced lithium-ion battery cells featuring state-of-the-art chemistry, resulting in enhanced energy storage performance. The product range includes various cell chemistries tailored for diverse applications, such as electric vehicles and microgrids. Waaree Technologies Ltd. envisions becoming India’s premier ‘Cell to System’ technology company, offering dependable, cost-effective, and high-quality energy storage solutions.
The collaboration leverages Waaree’s manufacturing capabilities and 3DBattery’s robust research and development expertise, ushering in a transformative era for the renewable energy storage sector. Through the partnership, Waaree Technologies Ltd. aims to domestically produce high-performance, rechargeable energy storage solutions, thereby significantly bolstering its position in the Indian and global renewable energy domain.
As reported by CXOtoday.com, by actively engaging with global players in the renewable and new energy storage sector, Waaree Technologies Ltd. is committed to manufacturing and promoting the adoption of cutting-edge technologies. The strategic move aligns with the brands goal of reshaping the global energy landscape and contributing to the journey towards achieving net-zero emissions.
Kirit Doshi, Chairman and Managing Director commented, “We are happy to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree’s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage. Leveraging 3DBattery’s path-breaking lithium-ion and sodium-ion battery technology will enable us to build capacities for 5GWh of battery cell production. Given the growing awareness of the need to diversify supply chains and reduce dependency on a single source, our ability to produce the first fully Indian-manufactured next-generation battery system assumes a special significance. Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market, and to become a driving force in the global clean energy transition”.
