Gooree and Pai Kane Energy Sign 5 GWh Strategic Cooperation Agreement to Accelerate Battery Energy Storage in India
#News ·2026-11-12
Partnership will bring advanced BESS solutions to Indian customers and lay the groundwork for local manufacturing#News ·2026-11-12
Partnership will bring advanced BESS solutions to Indian customers and lay the groundwork for local manufacturingShenzhen, China, 12 November 2026.
Shenzhen Gooree Energy Storage Technology Co., Ltd. (Gooree), a joint venture subsidiary of BTR New Material Group, and Pai Kane Energy (PKE), the clean energy business of India's Pai Kane Group, have signed a Memorandum of Understanding (MOU) for strategic cooperation targeting 5 GWh of Battery Energy Storage Systems (BESS) for the Indian market by 2030.
Signed at Gooree's offices in Shenzhen, the agreement establishes a framework for the two companies to jointly develop energy storage products, expand market presence and explore local manufacturing opportunities in India. The partnership combines Gooree's energy storage technology and system integration expertise with Pai Kane Energy's local market presence and partner network.
Under the MOU, Gooree and Pai Kane Energy will work together to develop India's growing energy storage market. Their cooperation will focus on Battery Energy Storage Systems designed for Indian operating conditions, taking into account local climate, grid requirements and the needs of commercial, industrial and utility-scale customers.
The two companies will contribute complementary capabilities to the partnership:
The cooperation is intended to develop progressively alongside market deployment. As projects and demand scale, the partners plan to move towards local assembly in India and subsequently explore joint investment in a local manufacturing facility.
This phased approach is aligned with the Government of India's Make in India initiative and its broader energy storage development goals. It also establishes a framework for combining international energy storage technology with local market capabilities and manufacturing opportunities.
India has set a target of achieving 500 GW of non-fossil power capacity by 2030, while non-fossil sources already account for more than half of its installed power generation capacity. As renewable energy continues to expand, battery energy storage is becoming increasingly important to the country's power system.
Battery Energy Storage Systems can help address several challenges associated with integrating renewable electricity into the grid, including:
Against this backdrop, the Gooree–Pai Kane Energy partnership aims to contribute to India's evolving energy storage landscape through locally adapted BESS products, market development and potential manufacturing cooperation.
Kevin Zhuo, CEO of Gooree, said:
“India is one of the most important energy storage markets in the world. In Pai Kane Energy we have found a partner that understands the market deeply and shares our long-term vision. Together we will bring world-class BESS products to Indian customers and build a strong local foundation.”
Kapil Kane, Co-Founder and CEO of Pai Kane Energy, said:
“This is a long-term partnership built on trust, transparency and a shared commitment to India. By combining Gooree's technology with Pai Kane's market presence and partner network, we can give Indian customers storage solutions that are safe, reliable and built for local conditions, and over time, made in India.”
Shenzhen Gooree Energy Storage Technology Co., Ltd. is a green energy technology company specialising in energy storage system solutions and a joint venture subsidiary of BTR New Material Group Co., Ltd.
Gooree combines hardware and software in integrated energy storage systems, alongside smart energy operation and full lifecycle service management. Its portfolio covers commercial, industrial and utility-scale energy storage applications and includes Battery Energy Storage Systems built on semi-solid battery technology.
BTR New Material Group was founded in August 2000 and is headquartered in Shenzhen, China. The company supplies anode materials, cathode materials and advanced new materials used in batteries for electric vehicles, consumer electronics and energy storage. BTR has been the world's largest anode material supplier every year since 2010.
In 2025, BTR reported revenue of approximately CNY 17 billion and anode material sales of around 600,000 tonnes. The Group also operates production facilities in Indonesia and Morocco.
Pai Kane Energy is the energy storage and clean energy business of the Pai Kane Group. It provides battery energy storage solutions for commercial, industrial and utility-scale customers across India through a network of EPC and channel partners.
Established in 2026, Pai Kane Energy is based in India, the UAE and China. With design centres and laboratories in China, alongside an extensive network across the regional battery supply chain, the company develops grid-native products for India and international markets.
The Pai Kane Group was founded in 1989 by Atul Pai Kane with the establishment of its flagship company, Power Engineering (India) Pvt. Ltd. The Group manufactures capital goods for the power and infrastructure sectors at five plants in India and one in the United Kingdom, with an annual manufacturing capacity of 10,000 generator sets.
Its power equipment has been deployed in more than 86 countries, representing over 1 GW of installed capacity. A long-established manufacturer in India's generator industry, the Group acquired British manufacturer Wardpower in March 2018.
Gooree: Edward Zheng | Edward@gooree.com
