In a groundbreaking move towards revolutionizing the energy storage sector, Waaree Technologies Ltd (WTL), a prominent player in renewable energy and technology, has inked a non-binding Memorandum of Understanding (MoU) with Israeli company 3DBattery. The collaboration is poised to develop and produce cutting-edge energy storage solutions, capitalizing on 3DBattery’s expertise in lithium-ion and upcoming sodium-ion technology. The Parties will meticulously evaluate the collaboration before formalizing a definitive agreement.
3DBattery, a leading innovator in advanced Lithium-ion battery cells with state-of-the-art chemistry, is renowned for delivering heightened energy storage performance. The company’s diverse range of cell chemistries caters to various applications, including Electric Vehicles, Micro Mobility, and Stationary and Renewable Energy.
Waaree Technologies envisions becoming India’s foremost “Cell to System” technology company, offering reliable, affordable, and high-quality energy storage solutions. The collaboration is set to leverage the synergy between Waaree’s robust manufacturing capabilities and 3DBattery’s trailblazing R&D expertise, ushering in a new era for renewable energy storage.
Through this partnership, Waaree Technologies aims to indigenously manufacture high-performance, rechargeable energy storage solutions, thereby fortifying its position in the Indian and global new energy domain. Kirit Doshi, Chairman & Managing Director of Waaree Technologies, expressed enthusiasm about the collaboration, stating, “We are excited to welcome 3DBattery on board as a partner. Leveraging 3DBattery’s path-breaking lithium-ion and sodium-ion battery technology will enable us to build capacities for 5GWh of battery cell production.”
Doshi emphasized the strategic significance of reducing dependency on a single source and diversifying supply chains. He added, “Our ability to produce the first fully Indian-manufactured next-generation battery system assumes special significance. Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market and become a driving force in the global clean energy transition.”
Waaree Technologies Ltd, through strategic collaborations with global players in the renewable and new energy storage space, reiterates its commitment to manufacturing and propelling the adoption of new-age technologies. This initiative is poised to reshape the world’s energy landscape, marking a pivotal step towards achieving Net-Zero goals.
