Luminous strengthens position in battery storage biz, sets up lead acid battery unit at Haridwar

In a strategic move towards strengthening its position in the battery storage segment, Luminous Power Technologies, India's leading energy solutions company, has expanded its manufacturing capabilities with the setup of a production unit for Lead Acid Batteries in North India.

- RITWIK MUKHERJEE

Significantly, the Energy Storage Solutions market in India is valued at around $4 billion. It is expected to grow at a CAGR of 11.41 percent between 2024 and 2032. The Global Energy Storage Solutions market, in turn, is estimated to be $266.82 billion in 2024 and is expected to reach $535.53 billion by 2033 at a CAGR of 8.05 percent.

Luminous' new facility spanning across 8 acres is strategically located at the SIDCUL Industrial Estate in Haridwar, Uttarakhand, close to the burgeoning customer base. The plant is set to significantly boost the company's capacity and support the growing demand for power storage solutions across both domestic and export markets.

In adherence to the global standards, the factory champions the cause of sustainable production with 3036 solar panels, 1MW solar power generation, making it the second largest industrial solar rooftop installation in Uttarakhand.

The Haridwar plant's key features include the first-ever green positive plate manufacturing in the industry with the use of 100 percent grey oxide through Wet paste filling process for Industrial Battery. Additionally, the plant has an acid circulation system and an automatic battery assembly line with 2X speed than conventional assembly lines. This cutting-edge technology is water-efficient and delivers high-speed battery charging method.