The upcoming BESS companies in India are set to play a crucial role in the country’s clean energy transition, which has been largely shaped by the rapid rise of solar and wind power over the last decade. Today, India is one of the world’s leading renewable energy markets, with an ambitious target of 500 GW of non-fossil fuel capacity by 2030. While this growth has significantly reduced the cost of renewable electricity, it has also highlighted one of the biggest challenges of a renewable-powered grid: energy storage.
Solar panels do not produce electricity when the sun sets. Wind generation fluctuates with the weather. With renewable energy making up a larger proportion of India’s electricity mix, grid stability and reliability need a technology that can store excess power when generation is high and provide it back when demand peaks. This is where Battery Energy Storage Systems (BESS) have become an important enabler of the country’s energy transition. Over the latest years, the Indian battery storage market has developed intensely. Various programs have created opportunities for battery energy storage system (BESS) projects to thrive. For instance, the Government of India has established some programs, such as the Viability Gap Funding (VGF) scheme.
Further, large-scale bids for projects such as those held by SECI and NTPC, demand for battery storage development due to projects from the Program or National Electricity Plan (NEP) – all of these initiatives have created an excellent environment for the BESS sector in India. In accordance with the Central Electricity Authority, India will need hundreds of GWh of battery storage capacity by 2032 to be able to utilize renewable energy in the electric distribution market. Thus, the Indian BESS market is rapidly transforming.
This change is also transforming the industrial landscape in India. Companies traditionally known for manufacturing solar modules, EV chargers, power electronics, telecom power systems and industrial batteries are now focusing on battery storage. At the same time, progressive startups are developing advanced BESS solutions and EPC companies are expanding their ability to deliver integrated energy storage projects. Battery storage has emerged as one of the fastest growing segments in India’s clean energy ecosystem, with billion-dollar gigafactory announcements, strategic technology partnerships and investments in domestic manufacturing.
As this new industry develops, a new crop of businesses is positioning itself to take advantage of the country’s growing demand for grid-scale and commercial energy storage solutions. Some have set out ambitious manufacturing plans, others are ramping up innovative technologies, and a number of established players are expanding into storage to bulk up their renewable energy portfolios.
In this article, we look at the upcoming BESS companies in India that are shaping the next phase of the country’s energy storage journey. From large scale battery manufacturing plans announced by companies to emerging startups and operational manufacturers expanding their footprint, these organisations are building the ecosystem that will power India’s clean energy future.
Why is India’s BESS Market Accelerating?
Battery Energy Storage Systems (BESS) are no longer considered a mere add-on to projects in renewable energy, but a vital element of India’s changing power infrastructure. Efficient storage solutions are required to provide a steady electricity supply to balance generation, and demand as solar and wind energy are steadily increasing their share .
Against this background, the Government of India has introduced several initiatives to hasten the adoption of battery storage. The National Electricity Plan (NEP) 2023 has projected a requirement of about 236 GWh of Battery Energy Storage System (BESS) capacity for India by 2031-32, highlighting the huge potential for manufacturers, builders and technologists in the years to come. “Also, the ₹3,760 crore Viability Gap Funding (VGF) programme for standalone BESS projects and competitive tenders being floated by agencies such as SECI, NTPC, NHPC and state utilities are creating significant demand for utility-scale storage projects.”
And economics moves the market as well. Over the past decade, global lithium-ion battery prices have fallen sharply, reducing the cost of energy storage for utilities, commercial and industrial users and renewable energy developers. In India, investments in the battery value chain are seeing a boom as the government is focused on pushing domestic manufacturing through ‘Make in India’ and Production Linked Incentive (PLI) schemes.
This favorable policy environment has encouraged companies from diverse sectors—including renewable energy, battery manufacturing, power electronics, EV charging, and industrial engineering—to expand into energy storage. While some are investing in large-scale gigafactories, others are developing innovative BESS solutions or integrating storage into their existing clean energy portfolios.
So, who are the companies positioning themselves at the forefront of India’s rapidly growing battery storage industry?
Let’s explore the upcoming BESS companies in India that are driving this transformation.
Yes, dear. Since this is the core section of the article, it should not read like a list of bullet points. It should begin with a strong editorial introduction, followed by company subheadings and concise, information-rich pointers. This is how readers stay engaged while Google also understands the structure.
The Upcoming Companies That Have Announced Their Entry into BESS in India
India’s Battery Energy Storage System (BESS) industry is poised to enter a new growth phase, driven by surging demand for energy storage as well as a rising number of companies announcing ambitious manufacturing plans. Companies from across sectors including EV charging firms, battery start-ups, renewable energy firms and industrial conglomerates are gearing up to tap into the fast-growing storage market in the country.
Unlike established battery manufacturers already delivering storage solutions, the companies below are entering the BESS segment with gigafactory projects, strategic partnerships or dedicated battery manufacturing facilities. Most of these projects are still under development, but they represent the next wave of investments that could significantly bolster India’s domestic battery ecosystem in the coming years.
Let’s take a closer look at the companies preparing to shape India’s battery storage future.
1. Reliance New Energy
Reliance Industries has taken a huge bet on the battery manufacturing ecosystem in India with its Jamnagar Green Energy Giga Complex in Gujarat. As part of Chairman Mukesh Ambani’s broader clean energy vision, the company is creating a holistic manufacturing ecosystem for electric mobility and grid-scale Battery Energy Storage Systems (BESS).
Key Highlights
- Parent Company: Reliance Industries Limited
- Previous Business: Oil & gas, petrochemicals, telecom, retail, and renewable energy
- BESS Entry: Through the Jamnagar Green Energy Giga Complex
- Manufacturing Capacity: 40 GWh annually in the first phase
- Expansion Plan: Long-term roadmap to scale production up to 120 GWh annually
- Technology Focus: Lithium Iron Phosphate (LFP) batteries for utility-scale storage and electric mobility
- Current Status: Manufacturing facility under commissioning, with phased production expected to begin soon
Why It Matters: Reliance’s investment is among India’s largest battery manufacturing announcements and could significantly strengthen domestic cell production while reducing import dependence.
2. Vikram Solar
Vikram Solar, one of India’s largest makers of solar modules, is looking to move beyond photovoltaics and into battery manufacturing. The move is reflective of the growing demand for integrated solar-plus-storage solutions as utilities and businesses increasingly look to renewable energy with storage.
Key Highlights
- One of the leading solar PV manufacturers in India
- announced a 1 GWh battery manufacturing facility, scalable to 5 GWh
- Tamil Nadu to join integrated renewable energy manufacturing ecosystem with planned investments
- Targeting lithium-ion batteries for utility-scale and commercial BESS applications
- Seeks to provide integrated solar-plus-storage solutions
- Status: Announced, in development
3. Solex Energy
Solex Energy today announced plans to diversify from solar manufacturing to battery storage with one of the largest proposed BESS manufacturing projects by an Indian solar company. The expansion aligns with the industry’s broader shift to integrated renewable energy solutions.
Key Highlights
- Gujarat solar manufacturer enters BESS market
- Signed MoU with Government of Gujarat
- Plans to build a 10 GW Battery Energy Storage plant
- Investment proposed to the tune of Rs 4,000 crore
- The project also includes the expansion of the production of solar cells and modules.
- Present Status: Planning and project development phase
4. Servotech Renewable Power System
Known for its EV charging infrastructure and solar energy solutions, Servotech Renewable has entered the BESS market through strategic technology collaborations and domestic manufacturing plans. The company aims to strengthen its clean energy portfolio by offering battery storage solutions for commercial, industrial, and utility-scale applications.
Key Highlights
- Established player in EV charging and solar solutions
- Entered BESS through a strategic international technology partnership
- Plans to manufacture Battery Energy Storage Systems under the Make in India initiative
- Target markets include commercial, industrial, and utility-scale projects
- Expanding beyond EV charging into integrated clean energy solutions
- Current Status: Manufacturing plans announced; commercial rollout in progress
5. ChemVolt Global
Chem Volt Global is an emerging Indian battery company that aims to establish domestic lithium-ion manufacturing capabilities. The startup announced big investments into building gigafactories for both mobility and stationary energy storage applications.
Key Highlights
- Indian battery technology firm
- Announced a gigafactory for 5 GWh Lithium-ion batteries in Andhra Pradesh.
- Planned multi-phase expansion to boost manufacturing capacity
- Focus on lithium-ion cells, battery packs and Battery Energy Storage Systems
- Partnering with global technology providers to increase manufacturing capacities
- Current Status: Manufacturing plant in development
A New Wave of Battery Manufacturers
What brings these five companies together is a common belief that Battery Energy Storage Systems will be a key part of India’s clean energy transition. Their manufacturing plants are at varying stages of development, but each has announced major investments that suggest rising confidence in the country’s future demand for energy storage.
As renewable energy capacity scales up and grid-scale storage becomes ever more important, these companies are well placed to be major players in India’s nascent BESS manufacturing ecosystem.
Emerging BESS Startups in India
Even as large corporations are investing billions into battery manufacturing, a new generation of startups is leading India’s Battery Energy Storage System (BESS) market. They are not traditional battery manufacturers. They are dedicated to developing advanced energy storage solutions, battery management technologies and integrated storage systems for commercial, industrial and utility-scale applications.
These startups are carving out a niche for themselves as key players in India’s budding BESS ecosystem, with demand for energy storage in the country expected to skyrocket over the next decade.
1. GoodEnough Energy
GoodEnough Energy was founded in 2023 and is one of India’s fastest growing battery storage startups. The company specialises in the design and manufacture of lithium-ion Battery Energy Storage Systems for commercial, industrial and grid-scale applications.
Key Highlights
- Founded in 2023
- Developing a 7 GWh battery gigafactory with plans to expand capacity to 25 GWh
- Manufactures lithium-ion BESS solutions for commercial, industrial, and utility-scale applications
- Offers containerized energy storage systems under the StorEDGE product portfolio
- Focused on supporting renewable energy integration and grid stability
- Aims to strengthen India’s domestic battery manufacturing capabilities
2. AmpereHour Energy
AmpereHour Energy is an India-based pioneer in the Battery Energy Storage Systems space and is headquartered in Pune. The company has a track record of intelligent storage solutions, combining battery technology with advanced energy management software.
Key Highlights
- Indian energy storage technology company based in Pune
- Develops Battery Energy Storage Systems for commercial, industrial, and utility-scale projects
- Manufacturing capacity planned at 5 GWh
- Proprietary ELINA Energy Management System (EMS) for intelligent battery operations
- Provides integrated BESS solutions for renewable energy, microgrids, and industrial backup applications
- Focused on improving energy efficiency, peak load management, and renewable energy integration
India’s startup ecosystem is proving that innovation in battery storage is not just about massive investments in manufacturing. The companies are helping to speed up the uptake of BESS across different sectors by developing advanced technologies and intelligent energy management solutions.
Operational & Scaling BESS Manufacturers in India
Many companies, as well as new entrants and startups, have already set up manufacturing facilities or are in the process of scaling up their Battery Energy Storage System operations. These players are also supporting the domestic manufacturing ecosystem in India by providing battery packs, containerised storage systems and integrated BESS solutions for commercial, industrial and utility scale projects.
Waaree ESS
- Dedicated energy storage subsidiary of the Waaree Group
- Manufacturing facility in Gujarat
- Around 5.15 GWh annual manufacturing capacity with plans to expand significantly
- Offers containerized Battery Energy Storage Systems for utility and commercial applications
- Strengthening India’s domestic BESS manufacturing ecosystem
Pace Digitek
- Expanded from telecom power solutions into battery energy storage
- Manufacturing capacity of approximately 2.5 GWh, with expansion plans underway
- Supplies containerized BESS and integrated energy storage solutions
- Focuses on renewable energy, telecom infrastructure, and industrial applications
iNVERGY
Energy storage division of GP Eco Solutions
Developing a 3 GWh lithium-ion battery manufacturing facility in Uttar Pradesh
Focused on LFP-based Battery Energy Storage Systems
Serves residential, commercial, industrial, and utility-scale markets
Feston SEV
Renewable energy company expanding into battery storage manufacturing
Announced a 3 GWh battery manufacturing facility
Developing BESS solutions ranging from residential systems to multi-megawatt-hour containerized storage
Strengthening India’s domestic clean energy manufacturing ecosystem
BESS EPC & System Integration Companies
While battery cell manufacturing often grabs the headlines, the successful deployment of Battery Energy Storage Systems (BESS) depends equally on EPC contractors and system integrators. These companies are responsible for designing, engineering, integrating, commissioning, and maintaining complete BESS projects by combining batteries, Power Conversion Systems (PCS), Energy Management Systems (EMS), Battery Management Systems (BMS), cooling solutions, and grid infrastructure into a single operational system.
As India moves towards utility-scale energy storage, EPC and system integration specialists will play a critical role in translating manufacturing investments into commercially operational BESS projects.
1. Larsen & Toubro (L&T)
- One of India’s largest EPC companies actively executing solar + BESS projects.
- Won the EPC contract for a 185 MW solar plant integrated with a 254 MWh BESS in Bihar.
- Its renewables business now handles 15 GWh of BESS globally across executed and ongoing projects, with capabilities spanning EPC, SCADA, EMS, and grid integration.
- Operates an integration facility capable of assembling about 1.2 GWh of BESS annually.
2. Sterling and Wilson Renewable Energy Why?
- Among India’s biggest renewable EPC companies.
- Awarded the EPC contract for India’s largest standalone BESS project—a 1 GWh (500 MW × 2 hours) storage plant in Rajasthan.
- Scope includes engineering, procurement, erection, testing, and commissioning.
- Clearly positioning itself as a leading BESS EPC contractor.
3. Pace Digitek
Apart from manufacturing battery containers, Pace Digitek has also quickly become one of the fastest-growing BESS EPC companies in India. The company was awarded a 250 MW/500 MWh EPC and 12-year O&M contract with NLC India Renewables, further strengthening its growing footprint in the delivery of large-scale storage infrastructure.
Key Highlights:
- Provides full EPC, and long-term O&M services for utility scale BESS.
- Design, engineering, installation, testing & commissioning are provided.
- Develops integrated containerised BESS solutions.
- Utilities, renewable energy developers and industrial customers.
- Rapidly growing its EPC order book in India’s utility-scale battery storage market.
The Road Ahead for India’s BESS Industry
India’s battery storage industry is not a future opportunity, it is emerging as a key pillar in the country’s clean energy transition. As renewable energy capacity increases and the need for reliable, around-the-clock power grows, Battery Energy Storage Systems (BESS) will play a key role in delivering grid stability, energy security and better integration of renewable energy sources.
The companies featured in this article are located at various points within this evolving ecosystem. Some big plans are in the pipeline for the BESS market including Reliance New Energy, Vikram Solar, Solex Energy, Servotech Renewable and ChemVolt Global through large scale manufacturing facilities and strategic investments. Others, like pioneering startups and operational manufacturers, are already developing technologies and solutions that are helping to drive the adoption of battery storage across commercial, industrial and utility scale applications.
Especially important about this transition is the range of participants. Legacy solar companies are adding storage to their product lines, start-ups are working on new battery technologies, and incumbent manufacturers are ramping up production. This will help build a stronger domestic ecosystem in line with Make in India vision and reduce dependence on battery technologies imported from abroad.
The next decade is expected to see significant growth in BESS manufacturing in India, supported by government policies favouring energy storage deployment and the increasingly competitive costs of batteries. The future of the country’s energy storage industry is likely to be decided by early investment in technology, manufacturing and innovation.
It will be important for businesses, investors, project developers and renewable energy professionals to keep an eye on these BESS companies emerging in India. Some are still building their first manufacturing facilities even as others are scaling up rapidly, but all are contributing to the development of an industry that will fuel India’s next phase of sustainable growth.
Note:
Several companies featured in this article have capabilities spanning multiple areas of the BESS ecosystem. For example, a company may manufacture battery systems while also executing EPC projects or providing system integration services. To keep the article concise and avoid repetition, each company has been included only once under the category that best reflects its primary BESS focus or latest strategic announcement.
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