GoodEnough Energy to invest Rs 450 cr in 20GWh BESS manufacturing plant

Given that the share of intermittent renewable energy (RE) generation in India’s grid is expected to triple from current levels by 2030, battery energy storage systems (BESS) will play a key role in facilitating RE integration. While India is considerably import-dependent for its BESS requirements, there is now a concerted policy push to indigenise supply chains, including manufacturing. Investments have been further facilitated by a decline in lithium prices, which has lowered input costs.