Lithium Iron Phosphate (LFP) Battery
BARREL ENERGY INC.
Lithium Iron Phosphate (LFP) Battery Project
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.
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.
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.