The Statevolt Emirates'' gigafactory is to ''meet the surging global demand for energy storage solutions'', deemed as crucial for stabilizing the grid. And will focus on key export markets such as Africa, India, the UAE, and the broader Middle East. It will have an annual production capacity of up to 40GWh on reaching full operations.
The biggest names in EV business have committed massive funds to gigafactories. Now, the UAE could have such a project. (Pictured of Tesla giga-factory in Shanghai used for illustrative purposes.) Image Credit: Agency Dubai: A full-scale battery cell manufacturing plant in the UAE? And that too a gigafactory?
Statevolt plans to build such a facility in Ras Al Khaimah, with a planned capital outlay of $3.2 billion. The battery cells that it will produce will be ''technology-agnostic'', according to the promoters.
The battery cells that it will produce will be ''technology-agnostic'', according to the promoters. Statevolt Emirates will implement a ''modular design'' approach, allowing for a faster entry to market as well as a ''solution to diversify production based on technology readiness''.
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