Lithium Iron Phosphate (LFP) Battery
Under Construction
BARREL ENERGY INC.
4005 West Reno Ave, Suite F,
Las Vegas, NV 89118 USA
Lithium Iron Phosphate (LFP) Battery Project
Phase I:
25000 KWh battery pack assembly pilot plant with an investment of USD 0.68 Million for the applications – UPS, Solar, 2-Wheeler & 3-Wheeler, for a peak business of USD 3.42 Million by the year 2023. Commercial business will be commenced effective from April 2021.
Phase II:
50000 KWh battery pack assembly with automation, with an investment of USD 1.37 Million as expansion of phase 1, with own land and building. Aiming for a business of USD 6.85 Million by the year 2025 including MWh Energy Storage Systems and export business. Project execution – year 2022 and increased capacity will be available by the year 2023.
Phase III:
Establishing 400 MWh Lithium Iron Phosphate cell manufacturing in addition to battery pack assembly plant, with an investment of USD 16.44 Million . Aiming for a business of USD 54.80 Million by the year 2029. Project execution – year 2025 – 27 and commencement of commercial production will be planned by mid of 2027.
Lithium Ion Battery Manufacturing Process
Project Strengths
- Proven track record of promoters in establishing start-up battery companies and to make it grow manifold
- Believes in technology and has wide contacts with Indian research institutes and industry experts in India, China and South Korea
- Believes in low-cost execution of projects and work for viability, focussing on profits right from first year
- Thorough understanding of the battery market and competition for dynamic changes
- In-house product development engineering to cater to UPS, Solar, EV and Energy Storage applications
- Phased manner project execution for minimal risk and adaptability for new technologies
