India's first battery storage gigafactory launched in Jammu and Kashmir

Daily Current Affairs / India's first battery storage gigafactory launched in Jammu and Kashmir

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Category : National Published on: March 22 2024

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India's first battery storage Gigafactory will be operational in Jammu and Kashmir by October, helping cut carbon emissions by 5 million tonnes per year.
The target of this factory is equivalent to Indian Railways' carbon reduction target of 4 million tonnes, which supports India's goal of achieving net zero by 2070.
Goodenough Energy has invested Rs 1.5 billion for this gigafactory, which will be increased to 20 GWH by 2027.
This is crucial for India's goal of reaching 500 GW of renewable energy capacity by 2030 from the current 178 GW.
The main goal of this gigafactory is to establish an integrated ecosystem, which strengthens storage systems and facilitates the production of advanced battery energy.