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Tata AutoComp Inaugurates BESS Manufacturing Facility in Pune

Tata AutoComp Systems Limited has inaugurated its Battery Energy Storage System (BESS) manufacturing facility in Pune. This information was given by Tata Power Company Limited in its press release dated November 18, 2023.

Tata AutoComp to Produce Li-Ion-Based BESS for Tata Power

Tata AutoComp will manufacture Li-Ion-based BESS in the aforementioned facility and supply it to Tata Power. This BESS manufacturing plant will have an annual capacity of about 6 GigaWatt-hour (GWh) and is spread over an area of about 22,227 square feet.

TATA AutoComp Supplies BESS to Empower Tata Power’s Energy Storage Park

These newly manufactured batteries at Tata Autocomp’s factory will be utilized at Tata Power’s 120 MW energy storage park located in Chhattisgarh. The company has already received first set of BESS from TATA AutoComp.

Commenting on this partnership, Dr. Praveer Sinha, CEO & Managing Director of Tata Power, said, “We are happy to collaborate with Tata AutoComp for Battery Energy Storage Systems (BESS). With the rise of renewables, energy storage has become critical to address the intermittency of solar and wind energy resources. We shall integrate these BESS at our renewable sites to enable round-the-clock supply of clean power and ensure a speedier green energy transition”.

Tata AutoComp, China’s Gotion Partner for Battery Manufacturing

Tata AutoComp Gotion Green Energy Solutions Pvt. Ltd., a Joint Venture (JV) between Tata AutoComp and China’s Gotion High-Tech Co. Ltd, will oversee the manufacturing of BESS. This BESS manufacturing facility marks Gotion High-Tech’s entry in India, adding to its existing presence in Singapore, USA, Japan, and other countries.

Battery Energy Storage System Market to Reach $17.5 Billion by 2028

Tata Autocomp’s new BESS manufacturing facility comes at a time when global BESS market is projected to grow rapidly. According to a report by Pune-based market research firm, MarketsandMarkets, the global battery energy storage system market is expected to be valued at USD 5 billion in 2023 and USD 17.5 billion by 2028, growing at a CAGR of 26.4%.

According to Mordor Intelligence, a market research company, the Asia-Pacific region is expected to be the largest market for BESS in the coming years. Some of the major players in the BESS market in the region are Panasonic Corporation, LG Energy Solution Ltd., and Tesla Inc.

About Tata AutoComp Systems Limited (Tata AutoComp): Tata Autocomp, a leading global supplier of automotive components and systems, has a product portfolio comprising automotive interiors, exteriors, plastics, composites, sheet metal stampings, engineering services, and supply chain solutions.