Saatvik Green Energy Limited expanded its clean energy portfolio by incorporating a wholly owned subsidiary, Saatvik Power Storage Solutions Limited. The new entity will focus on developing battery technologies and energy storage systems to support the growing deployment of renewable energy. Through the initiative, Saatvik aims to strengthen its presence in India’s rapidly evolving energy storage sector and support the integration of renewable power into the electricity grid.
Strategic Move Beyond Solar Manufacturing
The establishment of the new subsidiary is part of Saatvik’s broader strategy to expand beyond solar module manufacturing and engineering, procurement and construction (EPC) services. By entering the energy storage segment, the company plans to build a fully integrated clean energy platform that combines solar power generation with advanced storage capabilities. This integrated approach is expected to improve the efficiency and reliability of renewable energy systems.
Targeting 20 GW Energy Storage Opportunities
Looking ahead, the subsidiary plans to explore opportunities to develop up to 20 GW of energy storage capacity over the next five years. Such storage infrastructure will play a critical role in enhancing grid stability and improving renewable energy integration across key electricity markets in India. As renewable generation increases, energy storage systems will become essential for managing fluctuations in power supply and demand.
Expanding Storage Solutions Across Multiple Segments
Saatvik intends to develop battery and energy storage solutions across multiple application areas. These include:
*Utility-scale storage projects supporting large renewable power plants
*Commercial and industrial (C&I) energy storage systems
*Distributed renewable energy solutions for retail and residential users
By addressing diverse market segments, the company aims to create a broad and scalable energy storage portfolio.
Leadership Emphasizes Role of Storage in Energy Transition
Prashant Mathur, CEO of Saatvik Green Energy Limited, emphasized that energy storage will play a crucial role in the next phase of renewable energy growth. He noted that the formation of the subsidiary reflects the company’s long-term vision of building an integrated clean energy ecosystem that includes solar manufacturing, EPC services, and advanced storage technologies.
Supporting India’s Renewable Energy Expansion
According to the company, the move will contribute to India’s transition toward reliable and sustainable renewable power systems. As the country continues to expand its renewable capacity, demand for energy storage solutions is expected to grow significantly.
Strong Manufacturing Base in Solar Sector
Saatvik Green Energy Limited is currently a major solar photovoltaic (PV) module manufacturer serving utility-scale, commercial and industrial, EPC, and distributed solar markets. The company operates a 4.8 GW solar module manufacturing facility in Ambala, Haryana. In addition, it is developing an integrated solar manufacturing facility in Odisha, which will include 4 GW module capacity and 4.8 GW solar cell production capacity.
Strengthening Position in the Renewable Energy Ecosystem
With the launch of its energy storage subsidiary, Saatvik aims to strengthen its role in the renewable energy value chain. As reported by manufacturingtodayindia.com, by combining solar generation, manufacturing expertise, and energy storage technologies, the company plans to capitalize on emerging opportunities in grid-scale and distributed storage solutions, further supporting India’s clean energy transition.
