Saatvik Green Energy incorporates Saatvik Power Storage Solutions to develop battery energy storage systems
Type: Partnership · Technology: Storage · Country: India · Capacity: 20 GW · Announced: 2026-03-13
Saatvik Green Energy incorporated Saatvik Power Storage Solutions to deploy over 500 MW of grid-scale lithium-ion battery energy storage systems across India. This strategic move targets India's rapidly expanding.
Analysis
Saatvik Green Energy has strategically incorporated Saatvik Power Storage Solutions, a wholly owned subsidiary, to aggressively pursue 20 GW of battery energy storage capacity across India over the next five years. This new entity will develop and deploy systems for utility-scale, commercial, industrial, residential, and distributed renewable energy applications, supporting grid stability and renewable integration. The initiative involves a partnership with the existing Haridwar-based Saatvik Power Storage Solutions, a division of Saatvik Solar, which already manufactures integrated battery energy storage systems. This collaboration allows the New Delhi-based solar PV developer to leverage established manufacturing capabilities for its ambitious expansion into the storage market.
Key points
- Ambitious target of 20 GW energy storage capacity within five years.
- Saatvik Green Energy, a solar PV developer established in 2015, is expanding into battery energy storage systems.
- The newly incorporated wholly owned subsidiary, Saatvik Power Storage Solutions, shares its name with an existing 'partner' entity, a division of Saatvik Solar.
- The new entity will address a comprehensive range of applications: utility-scale, commercial & industrial, residential, and distributed renewable energy.
Counterparties
- Saatvik Power Storage Solutions (Partner)
- Saatvik Green Energy (Parent Company)