From pv magazine India
Having arrange electric vehicle (EV) chargers at its gasoline stations, Indian Oil Corporation Ltd is increasing into the manufacture of EV batteries in partnership with an abroad start-up. The state-owned oil and fuel firm will use a non-lithium ion uncooked materials obtainable in India to make the batteries.
The information was revealed by IndianOil chairman Sanjiv Singh after the fossil gasoline big’s annual assembly yesterday in Mumbai.
IndianOil final 12 months signed an settlement with Israeli agency Phinergy for the joint R&D, manufacturing and deployment of metal-air batteries for electromobility options in addition to stationary vitality storage techniques.
Singh mentioned India, which has no important lithium reserves, should take a look at batteries that can be made using the raw materials available to it.
IndianOil is battery chemistries that may be simply recycled and is contemplating establishing a particular objective car with its unnamed abroad accomplice to ascertain the deliberate battery plant.
The corporate not too long ago unveiled plans to speculate Rs25,00zero crore in different vitality and sustainable improvement tasks and to scale up its renewable vitality era capability from 212 MW to 260 MW this 12 months.
Taking its cue from the government’s EV push, IndianOil needs its refuelling stations to turn into ‘gasoline answer facilities’ which function EV chargers alongside petrol and diesel amenities, and has already put in chargers at some retailers.
Writer: Uma Gupta