September 8, 2025: Indian energy companies Statcon Energiaa and Su-vastika said on August 22 they will work together to promote domestic production of BESS systems.

The firms will focus on the development of lithium-based products as part of their support for the government’s ‘make in India’ program. They will also selected target export markets for their products.

Statcon founder and MD Manoj Pande said the partnership would spearhead development of a new generation of lithium-based solar hybrid systems to meet a diverse customer base.

According to the partners, the value of India’s battery storage market is to increase from nearly $8 billion in 2024 to over $32 billion by 2030, representing a compound annual growth rate of nearly 27%.

The partnership, backed by engineering and components company Rotomag Enertec, will combine Statcon’s knowledge of battery storage and grid-connected solar inverter technologies with Su-vastika’s battery knowhow, including technical patents held for lithium batteries, storage systems, and lift inverters. (These provide backup power to ensure lifts operate safely in the event of a power outage.)

Last July, the India Energy Storage Alliance said tenders for a cumulative 171GWh of energy storage capacity had been launched in India over the past seven years — including more than 55GWh issued in the first half of this year alone.

The trade body said figures as of June 2025 showed that of the 171GWh of total ESS capacity put to tender, this included 106GWh of pumped hydro energy storage and 66GWh of BESS systems.