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GP Eco Solutions India Ltd informed the exchange about its strategic initiatives aligned with the Government of India’s renewable energy vision. The company is expanding its manufacturing capacity for Battery Energy Storage Systems (BESS) with the establishment of a gigafactory in Uttar Pradesh, operational by Q3 FY 2025-26.
GP Eco Solutions India Ltd is aligning its strategic initiatives with India's renewable energy vision and the Union Ministry of New and Renewable Energy (MNRE) proposed policy.
The policy mandates 10% battery storage capacity in new solar and wind power installations to enhance grid stability and renewable energy integration.
NVERGY India Pvt Ltd, a subsidiary of GP Eco Solutions, is expanding its manufacturing capacity in the Battery Energy Storage Systems (BESS) sector
A gigafactory will be established in Uttar Pradesh with a production capacity of 5 GWh, expected to be operational by Q3 FY 2025-26.
he company’s existing production capacity is 500 MWh in Noida.
Development of state-of-the-art R&D centers focusing on advanced storage technologies, including solid-state batteries and hybrid systems.
Collaborations to create a strong supply chain ecosystem for raw materials, components, and recycling.
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