Kabra Extrusion Technik Ltd. (BSE: 524109, NSE: KABRAEXTRU, ISIN: INE900B01029) and Eve Power Co. Ltd. (EVE) have formed a collaboration to deliver advanced Battery Energy Storage System (BESS) solutions in India.
Under this agreement, EVE will supply battery cells and DC-side ESS products to Kabra, which will then assemble and integrate these products at its manufacturing facility in India. This partnership aims to leverage global technology and local production, providing a competitive edge in the market.
Kabra Extrusiontechnik Limited, through its BATTRIXX brand, currently leads the Indian e-mobility market in lithium-ion battery manufacturing, boasting a production capacity of 2GWh.
“The Battery Energy Storage System (BESS) market in India is witnessing significant growth driven by factors such as increasing renewable energy integration, grid stability concerns, and the rising demand for reliable power supply. The demand for the BESS market is set to soar and will be a major disruptor in India’s power sector in the coming years,” said Ekta Kabra, Managing Director of Kabra Extrusiontechnik Limited. According to the Central Electricity Authority’s (CEA) latest optimal generation mix report, the BESS market in India is projected to exceed 208 GWh by 2030.
Ekta further emphasized, “Renewable energy growth is pivotal to the expansion of the BESS market in India. We are thrilled to work with EVE to deepen our cooperation in the green energy sector and for the development of Battery Energy Storage Systems (BESS). This cooperation shows our dedication to transforming the energy industry and fostering a greener future.”
About Kabra Extrusiontechnik Ltd. (KET):
Kabra Extrusiontechnik Ltd. (KET) is India’s leading manufacturer and exporter of plastic extrusion machinery. Part of the renowned Kolsite Group, KET has over six decades of experience, more than 15,000 installations, and a presence in over 100 countries across the Americas, Middle East, Asia, and Africa. KET holds a leadership position in the extrusion market.
About Battrixx:
Battrixx, the future technologies division of KET, focuses on developing and producing green energy systems and solutions to power India’s transition to green energy storage and electric transportation. As one of the largest chemistry-agnostic battery pack manufacturers, Battrixx fosters a culture of continuous innovation through strong R&D capabilities. The brand features state-of-the-art facilities for design, development, and production in Chakan, Pune, and is renowned for its advanced lithium-ion battery packs and modules for e-vehicles.
About EVE Power Co. Ltd. (EVE):
Established in China, EVE Power specializes in cell development and system integration, providing products and solutions ranging from cells and modules to BMS and systems. These are widely used in new energy vehicles, energy storage, new energy construction machinery, and electric ship markets.