Waaree Technologies Ltd. and 3DBattery sign MoU for advanced energy storage solutions – EQ
In Short : India-based solar panel manufacturer Waaree Technologies Ltd. has signed a Memorandum of Understanding (MoU) with 3DBattery, a South Korean start-up, to collaborate on advanced energy storage solutions. The MoU intends to facilitate the exchange of technical expertise and knowledge between the two companies in the development of energy storage products.
In Detail : Waaree Group has signed a non-binding Memorandum of Understanding (MoU) with Israeli company, 3DBattery, to develop and produce advanced energy storage solutions, based on 3DBattery’s lithium-ion and upcoming sodium-ion technology. The Parties will evaluate the collaboration further before entering into definitive agreement.
3DBattery provides advanced Lithium ion battery cells with state-of-the-art chemistry, delivering improved energy storage performance. The company offers a range of cell chemistries for a variety of applications, including Electric Vehicles, Micro Mobility, Stationary and Renewable Energy.
“We are excited to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree’s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage”
Mr. Kirit Doshi, Chairman & Managing Director
Waaree Technologies aims to become India’s leading “Cell to System” technology company, offering reliable, affordable and high-quality energy storage solutions. The synergy between Waaree’s manufacturing capabilities, and 3DBattery’s robust R&D capabilities, will usher in a bold, new era for the renewable energy storage sector. Through the collaboration, Waaree Technologies Ltd. will gain the capability to indigenously manufacture high-performance, rechargeable energy storage solutions, thus significantly strengthening the company’s position in the Indian, and global, new & energy domain.
Mr. Kirit Doshi, Chairman & Managing Director, said, “We are excited to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree’s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage.”
Through collaborations with global players in the renewable & new energy storage space, Waaree Technologies Ltd. reinforces its commitment to manufacturing, and driving the adoption of, new-age technologies that will reshape the world’s energy landscape and pave the path towards Net-Zero.
