PURE investing ₹400 crore in storage expansion
Electric two-wheeler manufacturer PURE will invest ₹400 crore in the next 18 to 36 months to sharply enhance its presence in the energy storage business. The initiative will increase the company’s battery energy storage capacity from 250 megawatt-hours (MWh) to a whopping 2.5 gigawatt-hours (GWh), catering to India’s fast-growing demand for renewable energy infrastructure.
The finance will be both equity and debt, complementing the ₹100 crore that has already been put into R&D, plant setup, and battery production. Part of this expansion, PURE has introduced a new product—PuREPower Grid, a 5 MWh grid-scale energy storage solution. The solution is designed for deployment in solar and wind farms, industrial installations, and EV quick-charging points, aiding the management of grid stability and the integration of clean energy sources.
The PuREPower Grid has a state-of-the-art thermal management system with liquid cooling at pack and rack levels, which improves the battery’s lifespan and performance. It also comes with cloud-based predictive AI, allowing remote monitoring, minimizing downtime, and ensuring maximum efficiency.
This strategic investment is well-timed, considering that India’s Battery Energy Storage Systems (BESS) market is likely to surpass $36 billion by 2030. With plans by the government to install 500 GW of non-fossil energy capacity, there will be a need for over 200 GWh of BESS towards the end of the decade.
PURE’s daring move not only solidifies its position within the EV and energy tech space but also serves India’s vision for a green, energy-secure future. By meeting the increasing storage requirements of the renewable market, PURE is poised to play an instrumental role in India’s transition towards clean energy.
