Pace Digitek subsidiary establishes R&D center in Pune for advanced battery tech
Pace Digitek's subsidiary, Lineage Power, has launched a dedicated R&D center in Pune for advanced battery technologies and energy storage solutions. The company is collaborating with IISER Pune on research for ACC, including Li-ion and Na-ion battery materials. This initiative aims to strengthen indigenous technology development.
The R&D center and collaboration are strategic initiatives that are expected to enhance the company's technological capabilities and market position in the growing energy storage sector.
The establishment of a dedicated R&D center and a research collaboration with IISER Pune are positive developments that indicate investment in innovation and future growth in advanced battery technologies.
Pace Digitek Limited's material subsidiary, Lineage Power Private Limited (LPPL), has established a dedicated Research & Development (R&D) Center named Pace-Lineage Research Center in Pune. This facility aims to bolster the company's research, engineering, and product development capabilities in advanced battery technologies, including Advanced Chemistry Cells (ACC) and energy storage solutions.
Aligned with the 'Atmanirbhar Bharat' and 'Make in India' vision, the center will focus on developing indigenous technologies and strengthening domestic capabilities in energy storage. As part of this initiative, Lineage Power has entered into a research collaboration with the Indian Institute of Science Education and Research (IISER), Pune, to conduct research on advanced battery technologies and materials.
The research program will concentrate on ACC, such as Lithium-ion (Li-ion) and Sodium-ion (Na-ion) battery materials, to enhance battery capacity and cycling stability. The scope includes optimizing material coatings, microstructures, electrolytes, and detailed material characterization, alongside evaluating raw materials from domestic suppliers to support local technology development.
This R&D facility establishment is part of Pace Digitek's long-term strategy to expand its research and engineering expertise in ACC and advanced battery systems, aiming to accelerate technology development and foster innovation across the energy storage value chain. Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that the R&D center marks a significant step in strengthening research capabilities and that the collaboration with IISER Pune will advance battery materials and indigenous technology development, creating long-term stakeholder value.
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Pace Digitek Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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