Investment commitments of more than Rs 2,000 crore are expected to be announced in energy storage, electric vehicle and green hydrogen sectors at the India Energy Storage Week 2024 in July, the India Energy Storage Alliance (IESA) said on Wednesday.

The IESA is set to host its annual flagship international event, India Energy Storage Week (IESW) International Conference and Exhibition from July 1 to 5, 2024, in New Delhi, a statement said.

The IESW 2024 will become the launch platform for multiple factory and Gigafactory announcements paving way to India's global manufacturing hub mission.

A week ahead of the 10th edition of IESW, the IESA announced the potential investment of over Rs 2,000 crore coming to India at IESW 2024, it stated.

The IESW 2024 is expected to witness the participation of over 150 key partners and exhibitors and more than 1000 companies. The event will hold more than five new factory announcements.

Singapore-headquartered VFlowTech has announced the launch of the largest long-duration energy storage manufacturing facility (non-lithium battery) at Palwal, Haryana during the India Energy Storage Week (IESW) 2024.