GoodEnough Energy plans to build a gigafactory for battery energy storage systems (BESS) with a seven GWh initial capacity in Jammu and Kashmir. The project has received over Rs 450 crore in commitments from the company.
Furthermore, by 2026, the factory will reach full capacity with a 20 GWh capacity. In addition to providing over 100 SMEs with job opportunities as suppliers and vendors, the gigafactory will help reduce CO2 emissions by over five million metric tons (MT) annually. This will increase the number of jobs created in the state.
It seeks to assist industries with high CO2 emissions in reaching their environmental goals by concentrating on the development of domestic BESS technologies with global competency. By 2026, the company hopes to cut its CO2 emissions by 15 million tons thanks to the capacity expansion.
The business manufactures BESS and provides energy backup solutions for commercial, industrial, and institutional settings. In addition to several industries with high CO2 emissions, such as the molding industry, automation, mining, hospitals, refineries, malls, and others, it seeks to support India’s net-zero goal.
