RAASI Solar Power Private Limited and the Central Electrochemical Research Institute (CECRI) which comes under the Council of Scientific & Industrial Research (CSIR), have signed a memorandum of agreement (MoA) for the technology transfer to set up the country’s first lithium-ion (li-ion) battery project.
The organisations aim to make li-ion cells affordable for large-scale applications in electric vehicle (EV) and grid-connected energy storage segments. As per the MoA, the RAASI Group will set up a manufacturing unit in Krishnagiri, Tamil Nadu.
Prior to the MoA, CSIR and CECRI had set up a demo facility in Chennai to manufacture prototype li-Ion cells, after securing global intellectual property rights. The new development is expected to give a tremendous boost to the 175 GW of renewable energy by 2022 target and the target to switch completely to EVs by 2030 as part of the National Electric Mobility Mission.