Ravindra Mohan, Group Director at ChargeZone, highlighted the thoroughness of the Battery Passport System. "ChargeZone’s Battery Passport System, developed on the Industrial IoT 5.0 platform, meets industry standards to ensure accuracy, security, and accessibility of battery information. It encompasses everything from data verification to battery storage, sharing, and identification, while also adhering to legal requirements for EV disintegration into battery and vehicle. Our solution streamlines operations and enhances efficiency for manufacturers and users alike, fostering environmental sustainability and contributing to a cleaner and greener future."
Battery Passport System; a guide to the battery's life
The Battery Passport System by ChargeZone is designed to provide comprehensive information throughout a battery's lifecycle and to facilitate a circular economy. By offering transparent energy costs for a predefined mileage using a Battery-as-a-Service (BaaS) model, the system will benefit various stakeholders, including EV buyers, manufacturers, economic operators, and recyclers. This model separates EV costs from battery costs to enhance financial prudence.
"We are excited to unveil the Battery Passport System, a revolutionary innovation set to redefine India's EV landscape," said Kartikey Hariyani, Founder and CEO of ChargeZone. "Notably, our Battery Passport System incorporates a sophisticated financial engineering aspect, strategically splitting EV from Battery cost, ensuring fiscal prudence and viability. With initial implementations catering to electric buses with 200KWh battery capacity, we anticipate forging long-term contracts for both Charging-As-A-Service (CaaS) and Energy as a Service (EaaS) for high-growth electric bus segments in India. Our value proposition extends beyond financial realms, emphasising the repurposing of batteries with residual life for Lower Duty Cycle applications. This strategic differentiation, facilitated by our Digital Battery Passport, underscores our commitment to technical excellence."
Battery storage market
India's electric vehicle sector is rapidly expanding, driving substantial growth in the battery storage market. Projections indicate that India's cumulative battery storage capacity will reach 600 GWh by 2030, primarily fueled by the push for electric mobility. Supporting its renewable energy goals, India's government plans to add roughly 500 GW of renewable energy capacity by 2030, highlighting the importance of flexible energy storage solutions like battery systems.
The estimated cumulative potential of lithium-ion batteries in India, from 2022 to 2030, stands at approximately 600 GWh, with recycling volumes expected to hit 128 GWh by 2030. Investment in energy storage infrastructure is seen as crucial to advancing the adoption of renewable energy and electric vehicles across the country.
To learn more about the electric vehicle ecosystem and meet the key industry leaders, click here.
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