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Premier Energies, RCT Group Plan 12 GWh Battery Facility Telangana
Premier Energies makes solar equipment in India.
It now plans to work with Germany’s RCT Group to make large batteries.
These batteries will store electricity for later use.
The factory will be built in Telangana.
The full factory is planned to produce 12 GWh of storage, with the first stage producing 6 GWh.
The batteries could help businesses, industries and power companies.
The partners also want to export batteries from India.
They say more storage is needed as India builds more solar and wind power.
Premier Energies signed a binding term sheet with RCT India to create a battery energy storage manufacturing joint venture in Telangana.
The planned facility will have 12 GWh of capacity, with the first phase designed for 6 GWh.
The project will be developed through Premier Battery Technologies Pvt. Ltd. and target commercial, industrial and utility-scale customers.
The partners intend to use India as an export base, serving domestic and international energy-storage markets.
The filing did not disclose the joint venture’s investment size, equity split or timeline for the first phase to begin operations.
- Who
- Premier Energies and RCT India, part of Germany’s RCT Group, are establishing the proposed joint venture.
- What
- They signed a binding term sheet for a battery energy storage system manufacturing facility with planned capacity of 12 GWh.
- Where
- The facility is planned for Telangana, India.
- When
- Premier Energies disclosed the agreement on September 10; no operational timeline was provided.
- Why
- The companies cited growing renewable-energy generation and the need for storage to manage intermittent power and support grid reliability.
Key facts
- Planned capacity
- 12 GWh
- First phase
- 6 GWh
- Project vehicle
- Premier Battery Technologies Pvt. Ltd.
- Target customers
- Commercial, industrial and utility-scale customers
- Export plan
- The facility is intended to serve international markets from India.
- RCT experience
- RCT Solutions Group has more than 10 GW of experience setting up BESS-related projects globally.
- Undisclosed details
- The filing did not specify investment size, equity split or the first-phase operating timeline.
Quotes
Sukumar Reddy Madugula
Managing Director of RCT India
“This latest venture to establish a state-of-the-art battery manufacturing facility is a testament to the strength of our relationship with Premier Energies.”
financialexpress.com
“Energy storage is the need of the hour for the Indian power system.”
financialexpress.com
