Published On:June 11 2024
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"High Energy Batteries Diversifies into Fuel Cells and Flow Batteries"

High Energy Batteries (India) Ltd is embarking on a strategic expansion of its product lineup to encompass fuel cells and flow batteries, with a particular emphasis on Vanadium Redox Flow Batteries (VRFB), set to be employed in power generation using hydrogen and for bulk energy storage applications.

In an announcement made during the company's annual general meeting conducted via video conference, N Gopalaratnam, Chairman of High Energy Batteries, emphasized the company's proactive stance towards leveraging technological opportunities. Gopalaratnam stated that the company is actively soliciting proposals to diversify its offerings into energy and power systems, particularly emphasizing hydrogen usage.

High Energy Batteries highlighted the pivotal role of its research and development laboratories in propelling its growth trajectory. These labs have been instrumental in meeting stringent requirements for strategic defense-related high-power, high-energy batteries across various chemistries, including silver oxide zinc, nickel cadmium, magnesium silver chloride, cuprous chloride, and metal-air systems. This expertise has enabled the company to supply batteries for mission-critical platforms such as torpedoes, fighter aircraft, supersonic missiles, army battle tanks, UAVs, drones, autonomous underwater vehicles, and satellite launch vehicles.

The company is presently in the process of developing fuel cells for on-site power generation using hydrogen (HFC) and for long-duration energy storage (LDES), aiming to deliver more than 10 hours of uninterrupted power through flow battery systems.

In collaboration with IIT-Madras and ONGC Energy Centre Trust (OECT), High Energy Batteries has achieved a significant milestone over the past two years by developing a 1kW / 10kWh Vanadium Redox Flow Battery (VRFB). This development, focusing on the integration of energy storage systems with renewable sources like solar and wind, marks a significant step forward.

Furthering its commitment to innovation, the company successfully demonstrated a 5kW system and is currently working on developing a 10kW/ 100 kWh VRFB storage system integrated with Solar PV, targeting applications such as "24/7 charging stations" for electric two or three-wheelers. Scaling up to higher power and energy levels is planned over the next two years, with a focus on addressing technical challenges related to material availability, component indigenization, and cost-effectiveness.

In addition to these endeavors, High Energy Batteries is actively engaged in ongoing research and development efforts for a 1kW and 2.5kW fuel cell system utilizing hydrogen and air under normal ambient conditions, in collaboration with the Centre for High Technology (CHT), Indian Oil Corporation, and Gas Authority of India.

Despite reporting revenue of ₹77 crore in FY24, down from ₹93 crore in the previous year, and a profit-after-tax of ₹17 crore, a decline from ₹20 crore, High Energy Batteries remains a debt-free (long-term) company since FY23, demonstrating its financial stability amidst evolving market conditions.

HBL





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