Waaree Solar Americas Inc., a subsidiary of Waaree Energies Ltd., announced a $200 million investment dedicated to battery energy storage systems. The initiative is part of Waaree Energies’ broader commitment of up to $1 billion to the U.S. solar ecosystem. With this, the total planned investment in the U.S. is set to reach $1.2 billion by 2028.
Driving Technological Advancement and Adoption
The new $200 million will specifically enhance Waaree’s battery energy storage capabilities. It aims to accelerate the adoption of affordable and efficient energy solutions across the U.S. This strategic investment will support the growing demand for reliable, renewable power, particularly as energy markets evolve.
Strategic Vision and Market Opportunity
Amit Paithankar, Whole-time Director and CEO of Waaree Energies said, “The U.S. energy market is one of the largest and most dynamic globally, offering immense opportunities for growth and innovation. With the U.S. leading technological advancements—especially in AI and data centers—there is an urgent need for substantial and reliable power sources. Our investment directly aligns with these expanding demands”. He added, “Solar energy remains the cheapest and fastest-to-commission power source, making it the ideal focus for our expansion in the U.S.”
Expansion of Manufacturing Capacity
In parallel, Waaree Solar Americas recently announced plans to expand its solar module manufacturing facility in Brookshire, Texas. The current production capacity of 1.6 GW will double to 3.2 GW, further strengthening Waaree’s position in the competitive U.S. solar market. As reported by pv-magazine-india.com, the comprehensive investment plan highlights Waaree’s ambition to drive innovation and sustainability. It also aims to boost economic growth within the American renewable energy sector.
