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India Energy Storage Alliance(IESA) is India’s largest industry alliance. It is focused on increasing the adoption of energy storage in India. The company signed a Memorandum of Understanding (MoU) with the Australian Future Battery Industries Cooperative Research Centre (FBICRC) that will focus on raw materials, and supply chain for advanced battery manufacturing in India, it’s development & integration and Australian and India battery value chains.
Debi Prasad Dash, Executive Director, India Energy Storage Alliance, (IESA), and Shannon O’Rourke (CEO, Australian Future Battery Industries Cooperative Research Centre, (FBICRC), signed the MoU in the presence Hon. Roger Cook, Deputy Premier of Western Australia, was among others representing Western Australia and companies involved in energy storage, battery supply chains, and raw materials.
Hon. Roger Cook, Deputy Premier of Western Australia, said that “This MoU is a milestone for the new partnership between Australia and India on critical minerals specific to energy storage or battery minerals.”
He also mentioned that Australia’s vast lithium mineral reserves will be a boon to India’s ambitious plans in energy storage manufacturing.
Shannon O’Rourke CEO of, Australian Future Battery Industries Cooperative Research Centre, (FBICRC), stated that “By 2040, IEA predicted India to be one the largest battery storage markets, Australia to be the largest critical mineral producer. This collaboration will allow for closer ties to global battery manufacturing.”
Debi Prasad, Executive Director, India Energy Storage Alliance, (IESA), commented on the partnership. “Western Australia has a very strong reach in critical minerals, including lithium-ion. IESA anticipates that 6-8 Giga factories will be built in India in the next 3-5 years, as the Indian government now focuses on Giga factory in India. To set up these Giga factories, lithium, cobalt, and other raw materials will be required. There are over 20-30 companies that are part of IESA India Battery Supply Chain Council and are interested in chemical processing or mineral refining to support these gigafactories.”
IESA works closely with the Ministry of Mines and Khanij Bidesh India Ltd. (KABIL), and industry counterparts to import raw materials and develop this process industry in India. The partnership between India and Western Australia will help procure lithium hydroxide as well as lithium carbonate for advanced energy storage Giga plants.
The MoU between IESA & FBICRC will continue to be in force for a period of 3 years from the date of its signing.