October 25, 2024: Exide Industries’ subsidiary in India has agreed a solar power supply deal for its li-ion cells manufacturing project in Karnataka.

Exide confirmed in a National Stock Exchange of India announcement on October 15 that the deal was a result of Exide Energy Solutions (EESL) agreeing to purchase not less than 26% in renewables developer Clean Max Beta Private.

Under the agreement, Clean Max is set to develop and supply solar power of 17MWp (megawatt peak) for EESL’s production of lithium ion cells, modules and battery packs.

EESL’s activities include a collaboration deal with China’s SVOLT Energy. The partners are building the lithium ion battery cells manufacturing plant on an 80-acre site in Karnataka state — the first phase of which is scheduled to become operational by the end of this year.

SVOLT, in addition to providing the technology for the plant, is providing unspecified support for construction on a turnkey basis.