Chinese battery maker Eve Energy lands India deal

China-based battery maker Eve Energy said it will supply India-based Godawari New Energy with large-scale batteries.

The deal will start with 8 gigawatt-hours of storage and could rise to 60 gigawatt-hours over five years as India expands renewable power capacity.

The companies did not disclose the deal value or when the first batteries will be delivered.

The global energy storage market passed 100 gigawatts in 2025 and is set to rise 41% in 2026.

India added about 0.9 gigawatt-hours of storage capacity in 2025 and could add 5.4 gigawatt-hours in 2026.

The market may reach 393 gigawatt-hours by 2036, making India the world’s sixth-largest energy storage market.

🔗 Source: Bloomberg

🧠 Food for thought

Implications, context, and why it matters.

Godawari New Energy Private Limited (GNEPL) is a wholly owned subsidiary of Godawari Power and Ispat Limited (GPIL), an Indian steel and power company. GNEPL signed a five-year supply deal with EVE Power, a subsidiary of EVE Energy, for 628 ampere-hour (Ah) lithium iron phosphate (LFP) batteries for phase one of its planned 20 GWh BESS manufacturing project 1.
The cells use a prismatic format, a rectangular design, with higher capacity than the roughly 200 to 300 Ah LFP cells common in large stationary storage today 2.
EVE Energy said it put the first battery storage system using 628 Ah ultra-large cells into service in China through a 200 megawatt (MW) / 400 megawatt-hour (MWh) project 2.
EVE Energy also said it signed more than 50 GWh in strategic cooperation agreements for these large-format batteries with other energy companies 3.

A University of California, Berkeley-led modeling study projects India’s energy storage needs at about 97 gigawatts (GW) / 362 GWh by fiscal year 2032 in its “Reference Case” 4.
That study projects non-fossil sources rising from 26% of electricity generation in 2023 to 58% by 2030, including large hydropower and nuclear. Storage at that level would help keep the grid steady 4.
Global battery manufacturing now exceeds demand. Production capacity in 2024 topped 5,000 GWh a year, while demand was about 1,200 GWh a year 4.
If storage deployment falls short, the study estimates India may need about 80 GW of new thermal power by 2032, including 27 GW of coal capacity already under construction. Lower-cost storage could reduce that need 4.