Two main Indian power corporations, Statcon Energiaa and Su-vastika, have fashioned a strategic partnership to speed up the deployment of lithium-based battery storage methods in India and choose export markets. The collaboration between the established gamers in energy electronics and renewable power goals to advance the nation’s clear power transition by means of home and worldwide promotion of cutting-edge Battery Power Storage Methods (BESS) know-how.
Talking on the partnership, Mr Kunwwer Sachdev, founder Su-kam popularly generally known as the ‘Inverter Man of India’, remarked, “My imaginative and prescient is evident – to get rid of the necessity for DG units in each residential and business sectors by empowering India with dependable, environment friendly BESS options.”
Mr. Manoj Pande, Founder and Managing Director of Statcon Energiaa, expressed robust optimism in regards to the collaboration: “With the aspirations of a rising New India, we firmly imagine that lithium batteries is the longer term. This strategic partnership empowers us and our channel companions with an entire and future-ready vary of lithium-based photo voltaic hybrid options designed to satisfy the evolving wants of our various buyer base.”
India’s battery storage market is experiencing unprecedented progress, with projections exhibiting a rise from $7.8 billion in 2024 to over $32 billion by 2030—representing a compound annual progress fee of practically 27%. This enlargement is fueled by efforts to decarbonize backup energy methods and the widespread adoption of lithium-ion know-how.
The partnership leverages Statcon Energiaa’s established experience in battery storage methods and grid-connected photo voltaic inverters alongside Su-vastika’s innovation capabilities, which embrace know-how patents for lithium batteries, storage methods, and raise inverters. By means of shared mental property, analysis and growth assets, and repair capabilities, the alliance seeks to make superior power options extra accessible because the trade strikes away from conventional lead-acid battery know-how.
Trade veterans Manoj Pande, founding father of Statcon Energiaa, and Kunwer Sachdev, creator of the Su-kam model, are main this initiative with backing from Rotomag funding. The collaboration is designed to strengthen each corporations’ market positions domestically and internationally, positioning them to capitalize on the sector’s vital progress trajectory.
Mrs. Khushboo Sachdeva (co-founder of Su-vastika Methods Non-public Restricted) added, “That is the period of collaboration, not competitors, for Indian energy electronics corporations.”
The partnership operates underneath the strategic backing of Rotomag Enertec Ltd, which has acquired majority stakes in each Statcon Energiaa and Su-vastika. Rotomag Managing Director Umesh Balani envisions consolidating India’s photo voltaic trade throughout technology and storage applied sciences, constructing on the corporate’s present main place in photo voltaic water pumping methods. This substantial monetary dedication positions Rotomag to drive speedy progress and international enlargement for each corporations throughout the clear power market.
For media enquiries, please contact:
Khushboo Sachdev (Director, Su-Vastika Methods) – khushboo@suvastika.com
Dr. Charusmita (Director, Statcon Energiaa) – charusmita@energiaa.in
