Battery energy storage systems maker GoodEnough Energy will invest Rs 450 crore for setting up a 20 GWh per annum capacity plant in Jammu & Kashmir by 2026.

Presently, the company is in the process to make its plant operational by October this year with initial battery energy storage systems (BESS) manufacturing capacity of 7GWh per annum.

Founder of GoodEnough Energy Akash Kaushik said, "We have invested Rs 160 crore so far to create a BESS manufacturing facility of 7GWh. It will be operational by October this year."

He informed that the company has chalked out a plan to invest Rs 450 crore for having a BESS manufacturing facility with total capacity of 20GWh per annum by 2026.