Reliance Swappable EV Battery
India’s commitment to achieve a net zero emissions economy by 2070 and to meet fifty percent of its electricity requirements from renewable energy sources by 2030 has attracted global players to enter into the green energy industry. Given this, Reliance Industries-India’s refining giant has showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) at THE BATTERY SHOW, Greater Noida. This show is ongoing from 4 to 6 October and more than 200+ brands have joined this expo. Company is already in talks with multiple electric two-wheeler manufacturers who could be interested in the removable battery.
Other Uses of the Battery
The idea of the company is to use the same battery for household electricity needs as well as for driving the vehicle. The battery can be easily swapped from the vehicle for charging or supplying power to home appliances. This battery can be charged at Reliance’s swapping station or by households using rooftop solar panels, hints given by the company executives at the expo. This multipurpose battery uses LFP-based Li-ion chemistry to improve energy and safety.
The company’s presentation at the expo showed it is also working on customizable batteries for business and individual usage, intelligent swap stations, and integrated charging networks. Reliance doesn’t plan to get into EV manufacturing but will partner with EV makers.
Reliance is planning to invest $10 billion in the green energy industry. Earlier Reliance won an incentive to set up a 5 gigawatt hours (GWh) battery manufacturing facility under India’s $2.4 billion programme that targets to boost local battery cell production. This factory will be set up by 2026 to foster the clean energy requirement in India.