Schneider plans new battery tech in India
₹3,200 crore across segments in the country. “We are looking to invest ₹3,200 crore in the next few years up to 2026. Be it electric vehicle, efficiency, smart home, microgrid, or prosumer story," he said.
Sharma said the company would continue to focus on digitization and automation solutions for power consumption and usage to achieve sustainability and efficiency. The company would also look at enabling power consumers become a “prosumer" with its digitization and automation technologies, the CEO said. Prosumer is referred to a person who both consumes and produces.
“How do you make the consumer into a prosumer? So as a consumer, when we take energy, we feed into our homes, we run our ACs and run our refrigerators, TV and we consume we are done. But if you and I can become actually a prosumer, which means I use when I need, but sell when I don’t need." “So, I go to the grid, and then take what I want, and of course, use technologies to help me first reduce my burden on the grid. I can create my own energy and when I don’t need the energy, I actually give it back through my net metering, back to the grid and I can start making some money." Observing that the prosumer space has a strong value proposition for the future, he said that it is a new model which will come on the new energy landscape.
On the expansion plans, Sharma said: “We are building more and we would be adding 1.2 million sq. ft in the next 18 months. Three new big factories will be inaugurated next year in India.
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