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Vikram Solar Expands Into Solid-State Battery Manufacturing for Energy Storage

Mar 06, 2025

Key Highlights
  • Vikram Solar, a leading Indian solar module manufacturer, is entering the solid-state battery market.
  • It plans to set up a 1GWh battery manufacturing facility, expandable to 5GWh, to meet growing energy storage demand.
  • The company will use proprietary Battery Management System (BMS) technology for efficient storage solutions.
  • Solid-state batteries offer higher efficiency, longer lifespan (up to 10,000 cycles), and improved safety compared to lithium-ion batteries.
Strategic Goals & Impact
  1. India’s Energy Storage & Renewable Targets
    • India aims to reach 50% renewable energy by 2030, but energy storage is crucial for grid stability.
    • Battery Energy Storage System (BESS) capacity is expected to grow by 23-24GW between 2025-2030, as per CRISIL.
  2. Advanced Battery Technology Advantages
    • Higher storage efficiency with minimal electroactive metal loss.
    • No dendrite formation, avoiding performance degradation (a major issue in lithium-ion batteries).
    • Faster charging (5C charge rate) and long-term durability.
    • Safer & environmentally friendly, with non-hazardous, fully recyclable materials.
  3. ‘Atmanirbharta’ & Domestic Manufacturing
    • Vikram Solar plans to use India-made components, reducing import dependency.
    • Partnering with Entity2 Energy Storage Pvt Ltd., which holds patents for non-lithium solid-state battery tech.
    • Strengthening India’s position in the global energy storage industry.
Why It Matters
  • Energy Storage is critical for India's renewable energy future, ensuring reliable power supply even with intermittent solar/wind energy.
  • Vikram Solar’s move makes it an integrated energy solutions provider, combining solar power generation with advanced battery storage.
  • A step towards energy security & sustainability, positioning India as a leader in next-gen battery tech.