Strategic Initiative Details
Pace Digitek Limited announced that its material subsidiary, Lineage Power Private Limited (LPPL), has established a dedicated Research & Development (R&D) Centre named the Pace-Lineage Research Center in Pune. The center is designed to strengthen research, engineering, and technology capabilities in advanced battery technologies including Advanced Chemistry Cells (ACC) and energy storage solutions.
Research Collaboration
The subsidiary has entered into a research collaboration with the Indian Institute of Science Education and Research (IISER), Pune to undertake research on advanced battery technologies and battery materials. This collaboration brings together scientific research and industry expertise.
Research Focus Areas
The research program will focus on:
- Advanced Chemistry Cells (ACC), including Lithium-ion (Li-ion) and Sodium-ion (Na-ion) battery materials
- Improvement of battery capacity and cycling stability
- Optimization of material coatings
- Tuning of material microstructure and porosity
- Design of new electrolytes
- Detailed material characterization
- Electrochemical evaluation
- Optimization of cell parameters
Supply Chain Development
The Center will evaluate and validate raw materials from domestic suppliers to support indigenous technology development and strengthen the local supply chain.
Strategic Alignment
The initiative is aligned with the vision of Atmanirbhar Bharat and Make in India, aiming to contribute to the development of indigenous technologies and strengthen domestic capabilities in energy storage. The establishment reflects Pace Digitek's long-term strategy to expand research and engineering capabilities in Advanced Chemistry Cells technologies and advanced battery systems.
Market Context
India's energy storage market is expected to witness significant growth, driven by increasing renewable energy integration, grid modernization, and the growing need for reliable energy storage solutions. The R&D Center complements Pace Digitek's manufacturing, engineering, and project execution capabilities.
Management Commentary
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, stated: "Technology and innovation will play a defining role in the future of energy storage. The establishment of our dedicated R&D Center marks an important step in strengthening our research and engineering capabilities. Our collaboration with IISER Pune brings together scientific research and industry expertise to advance battery materials and support indigenous technology development. We believe this initiative will strengthen our innovation capabilities and create longterm value for our stakeholders."
Company Background
Pace Digitek Limited is an integrated infrastructure and energy solutions company operating across two business segments: Energy and Telecom & ICT. The Company operates across the value chain, spanning manufacturing, engineering, procurement and construction (EPC), and operations and maintenance (O&M).
In the energy segment, the Company undertakes Battery Energy Storage System (BESS) design, manufacturing, product supply, integration, and deployment. Through Lineage Power Private Limited, the Company manufactures and supplies BESS, telecom power systems, and related energy infrastructure products.