Overview

On 12 November 2026, Pai Kane Energy (PKE), the clean‑energy arm of India’s Pai Kane Group, and Shenzhen Gooree Energy Storage Technology Co., Ltd. (Gooree), a joint‑venture subsidiary of BTR New Material Group, signed a Memorandum of Understanding (MOU) for strategic cooperation on battery energy storage systems (BESS) in India.

Scope of the Agreement

The MOU covers the development, supply and deployment of up to 5 GWh of BESS for the Indian market by the end of 2030. The two parties will jointly design BESS products tailored to Indian climate conditions, grid requirements and the needs of commercial, industrial and utility customers.

Roles and Responsibilities

  • Gooree will contribute its product technology, engineering expertise and system‑integration capabilities, including semi‑solid battery technology.
  • Pai Kane Energy will lead product development, sales, project delivery and after‑sales service in India, leveraging its network of EPC contractors and channel partners.

Phased Implementation and Localisation

The partnership is planned to evolve in phases. Initial deployments will be based on Gooree’s existing manufacturing, after which the companies intend to move assembly operations to India. A subsequent step will be a joint investment in a dedicated local manufacturing facility, aligning with the Government of India’s “Make‑in‑India” initiative and the country’s energy‑storage objectives.

Alignment with India’s Energy Goals

India has pledged to achieve 500 GW of non‑fossil power capacity by 2030, with non‑fossil sources already representing more than half of installed capacity. As the share of renewable generation rises, BESS is deemed essential for integrating renewable power, managing peak demand and ensuring reliable supply for businesses and utilities.

Executive Statements

Kapil Kane, Co‑Founder and CEO of Pai Kane Energy, said the partnership is built on trust and a shared commitment to India, and that combining Gooree’s technology with Pai Kane’s market presence will deliver safe, reliable storage solutions built for local conditions and eventually made in India. Kevin Zhuo, CEO of Gooree, described India as one of the most important energy‑storage markets globally and expressed confidence that the collaboration will bring world‑class BESS products to Indian customers and establish a strong local foundation.

About the Companies

  • Pai Kane Energy: Established in 2026, operates in India, the UAE and China, with design centres and labs in China. It provides BESS to commercial, industrial and utility customers through an extensive EPC and channel partner network. The Pai Kane Group, founded in 1989 by Atul Pai Kane, manufactures capital goods for power and infrastructure at five plants in India and one in the United Kingdom, with an annual capacity of 10,000 generator sets and more than 1 GW of power equipment deployed in 86 countries. The Group acquired British manufacturer Wardpower in March 2018.
  • Gooree: A green‑energy technology company specialising in integrated BESS solutions, operating as a joint‑venture subsidiary of BTR New Material Group Co., Ltd. Its portfolio includes commercial, industrial and utility‑scale systems built on semi‑solid battery technology. BTR New Material Group, founded in August 2000 and headquartered in Shenzhen, supplies anode and cathode materials and advanced new materials for batteries used in electric vehicles, consumer electronics and energy storage. It has been the world’s largest anode‑material supplier each year since 2010, reported revenue of approximately CNY 17 billion in 2025 and sold about 600,000 tonnes of anode material, with production facilities in Indonesia and Morocco.

Contact

Media contact: Dhanusha Prabhu, marketing@paikane.energy