Sanvaru Technology Limited is a leading manufacturer specializing in providing innovative and customized Lithium-Ion Battery Storage solutions. Sanvaru Technology is among the few companies that cater to all three business segments: E-mobility, Stationary BESS, and others (customized BESS and development of in-house IOT, IOE, AI, emerging and future material sciences). During an interaction with Mobility Magazine, Mr. A. K. Shukla, Founder & MD, Sanvaru Technology Limited, talks about the vision of the company, the scope of the lithium battery segment and the future plans.
“At Sanvaru’s Design & Innovation center, we are fulfilling the UN, COP, and Paris Climate Agreement’s SDGs, developing IoT, IOE and AI, and Blockchain through Energy Exchanges. We have created a healthy proportion of Quality and Price for a perfectly competitive market. We don’t believe in price wars based on quality and services,” says Mr. A. K. Shukla.
Sanvaru Technology specializes in the custom design of Lithium-Ion power batteries. Its expertise allows them to design and implement solutions that meet the specific demands of our clients. The most common integration needs are tailored to a specific environment.
Speaking about the focus areas, Mr. A. K. Shukla, comments, “Our procedure is much focused. We target mobility batteries for EV and high voltage batteries for energy storage. We have also developed the 4 wheeler – Construction truck battery.
Understanding of market demand
Sanvaru understands its responsibility towards sustainability and safety, making sure the battery is safe to use and energy efficient as well. On the immediate strategy-front, a focus was placed on factors such as energy efficiency and cost effectiveness for storage solution specific needs. The brand realized the need for lithium batteries and perceived lithium-ion battery market growth. The growth is driven by a surge in demand for e-mobility and stationary BESS and these are some of the key factors that significantly drive the growth of the global lithium-ion battery market.
In a nutshell:
- Energy Storage and Battery storage will play a critical role in supporting the wide-scale deployment of renewable energy resources and reaching net-zero emissions in the near future.
- Though the adoption of energy and battery storage is still considered nascent in many regions, there are strong growth prospects, particularly in the countries moving towards deregulated energy markets with aggressive climate change reforms.
- Lithium-ion has emerged as the leading technology, but other environment-friendly technologies with different benefits are also evolving at a fast pace.
- Energy investment and infrastructure companies are actively exploring the business cases for co-located battery storage to increase Variable Renewable Energy (VRE) asset utilization.
- The foreseeable future of renewables is more hybrid rather than standalone solar and wind powered.
Immense Potential in Lithium Battery segment
Lithium-ion battery technology in stand-alone applications provides high operating life, very low maintenance, and lower operating costs than standard battery technologies. The LFP (LiFePO4) technology, which can operate over wide temperature ranges, is a consistent choice when return on investment is a key element of a project.
While there is a lot of scope, the lithium-ion battery industry relies heavily on the mining of raw materials and production of the batteries-both of which are vulnerable to supply chain interference. Although this type of new technology will ease the supply chain bottleneck, it does not change the fact that lithium-ion battery production heavily relies on raw source material availability.
Mr. A. K. Shukla says, “We perceive a lot of potential in lithium batteries as EV is the new future and it controls pollution and is economical. Some thresholds are there, like supply chain problems, the design of batteries, etc., but overall, it will fade away. We are expecting to reach a turnover of 500 crores for the FY25.”
Future of Battery Storage (near-term)
As power generation, transmission and distribution become more digital, decentralized, and democratized, more defined revenue streams will emerge for energy storage. Use cases for both standalone and hybrid BESS applications such as integration with gas-fired power plants, microgrids, and co-located operations (renewable-plus-storage) will become more evident and bankable. While other applications such as Virtual Power Plants (VPP) and ultra-fast EV charging support will keep evolving and once mature will rise extensively in the future.