Beyonder and India’s Midwest Energy have signed an agreement to begin planning what the company describes as a giant battery factory based on Beyonder’s unique and patented technology.
The agreement was signed at Beyonder’s battery center at Forus in Sandnes. Beyonder reports this in a press release on Friday.
– India is a very interesting and enormously large market for the Beyonder technology. In the long term, this agreement will be an important contribution to the green shift in India where batteries are a key factor, says Beyonder CEO Svein Kvernstuen, who emphasizes that this is in addition to the plans for the large factory in Haugalandet.
The two companies have found suitable solutions to speed up the decarbonisation of the energy sector in general and the transport sector in particular. By pooling their respective resources, technical knowledge, experience and expertise, they agree to establish a battery cell manufacturing facility in Hyderabad, India.
– It is a great pleasure to finally have the opportunity to visit Beyonder in Norway and sign this important agreement based on their unique technology, says Soumya Kureti, CEO of Midwest Energy. – The agreement fits into our strategy for the electrification of the transport sector, initially mining trucks and buses.
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