Latest news with #AdvancedChemistryCell
New Indian Express
09-07-2025
- Automotive
- New Indian Express
India's lithium-ion battery demand expected to reach 115 gigawatt-hours (GWh) by 2030
NEW DELHI: India's lithium-ion battery (LiB) demand is expected to reach 115 gigawatt-hours (GWh) by 2030, driven primarily by electric vehicles (EVs), stationary storage, and consumer electronics. According to a study by Accenture, commissioned by the India Cellular and Electronics Association (ICEA), the LiB demand in the EV sector will rise at a compound annual growth rate (CAGR) of 48%, followed by stationary storage at 14% and consumer electronics at 3% between 2025 and 2030. India's increasing demand for LiBs is expected to be supported by domestic cell manufacturing, driven by ambitious plans from cell manufacturers. Domestic cell manufacturing capacity is anticipated to reach approximately 220 GWh by 2030, thanks to the production-linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage. Companies like Rajesh Exports, Ola Electric Mobility, and Reliance New Energy Solar have already received PLI incentives for establishing a cumulative capacity of 40 GWh. However, this capacity will require an estimated USD 5-11 billion worth of key battery-active materials, including lithium, cobalt, nickel, and manganese, which are predominantly imported due to a lack of domestic reserves. Consequently, recycling LiBs could provide a reliable domestic source of supply, the study suggests.
Time of India
09-07-2025
- Automotive
- Time of India
India's Lithium-ion battery demand to rise to 115 GWh by 2030; graphite recycling a major hurdle: Study
NEW DELHI: India's Lithium-ion battery (LiB) demand is expected to reach 115 gigawatt-hour (GWh) by 2030, led by electric vehicles (EVs), stationary storage (SS), and consumer electronics, according to the findings of a study conducted by Accenture, commissioned by the India Cellular & Electronics Association (ICEA). The study, released on Wednesday, projected that the LiB demand in the EV sector will rise at a compound annual growth rate (CAGR) of 48 per cent, followed by stationary storage (14 per cent) and consumer electronics (3 per cent), between 2025 and 2030. India's rising demand for LiBs is expected to be supplemented by domestic cell manufacturing, driven by the ambitious plans of cell manufacturers. The domestic cell manufacturing is expected to reach approximately 220 GWh by 2030, supported by the production-linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage, according to the study. Manufacturers such as Rajesh Exports, Ola Electric Mobility, and Reliance New Energy Solar have already received PLI incentives for establishing a cumulative capacity of 40 GWh. This capacity would require an estimated $5-11 billion worth of key battery-active materials, including lithium, cobalt, nickel, and manganese, which are predominantly imported due to a lack of domestic reserves. Consequently, recycling of LiBs could present a reliable domestic source of supply, the study said. But the domestic supply is largely dependent on recycling, where India lags. The Bureau of Waste Management Rules (BWMR) has estimated that demand for domestic recycling and recycled material may reach 200-250 kilotons (kT) by 2030. By contrast, the study found that the recycled battery active material supply from existing and lab-stage operations is a mere 1-3 kT, falling far short of the anticipated need of 3-15 kT between 2027 and 2030. The key hurdle is the recycling of graphite, a primary active material in cell anodes. Globally, too, graphite recycling presently yields lower-purity outputs, making them unsuitable for battery applications, effectively leading to a zero-supply assumption for recycled graphite from LiBs. 'As a result, producers would have to rely on non-critical materials in batteries, such as aluminum and plastics used in the module and peripheral components of battery systems for recycled materials,' the study said, adding that these materials contribute 24–25 per cent of the weight of EVs and stationary storage batteries. 'Even if gradually 50 per cent of peripheral materials are manufactured using recycled plastic and aluminum by 2030, which is challenging in itself, the recycled content targets starting from 2027 are unlikely to be achieved due to progressively increasing targets,' according to the study, which cautioned that this does not augur well with India's desired transition towards circularity in critical battery materials. Simultaneously, the LiB recycling ecosystem can potentially create more than 25,000 direct and indirect jobs between 2025 and 2030.
Time of India
15-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
Time of India
15-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
New Delhi: The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
Time of India
14-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
New Delhi: The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cracks in Concrete? Repair Methods Most People May Not Know About Concrete Crack Repair | Search Ads Search Now Undo If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Live Events Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
