AltEons Energy Secures Sanmar Investment For One Point Five GW RTC
POWER & RENEWABLE ENERGY

AltEons Energy Secures Sanmar Investment For One Point Five GW RTC

Renewable energy platform AltEons Energy has received a strategic investment from The Sanmar Group to accelerate development of one point five gigawatt (GW) of round-the-clock (RTC) renewable energy projects across India.

The funding will support expansion of an integrated platform that aims to combine solar and wind generation with battery energy storage systems (BESS) and digital energy management solutions to supply firm renewable power to corporate and industrial (C&I) customers.

AltEons intends to deliver RTC solutions that integrate generation and storage with software enabled energy management to provide sustained supply beyond intermittent renewable output. The platform is being developed to offer tailored contracts and deployment models for C&I customers seeking long term decarbonisation and environmental, social and governance objectives. This approach is intended to improve reliability and enable industrial off takers to replace fossil fuel based generation with renewable alternatives.

The company currently has a 210 MW hybrid portfolio under construction in Maharashtra, combining wind, solar and BESS assets to meet the needs of local industry. AltEons plans to add a further 800 MW of project pipeline by the end of 2026, with projects serving sectors including manufacturing, automotive, data centres and industrial engineering. The combination of grid scale assets and customer facing services is intended to support long term energy transition goals for corporate clients.

Vijay Sankar, chairman of The Sanmar Group, said the investment reflected the group's belief that AltEons' leadership and execution capabilities would position it to become a significant player in India's renewable sector. Srinivasan Viswanathan, founder and chief executive of AltEons Energy, said the capital would strengthen the company's ability to develop its RTC portfolio and support decarbonisation requirements of industrial customers. The Sanmar Group itself has businesses across chemicals, specialty chemicals, shipping, engineering and foundry with operations in India and overseas.

Renewable energy platform AltEons Energy has received a strategic investment from The Sanmar Group to accelerate development of one point five gigawatt (GW) of round-the-clock (RTC) renewable energy projects across India. The funding will support expansion of an integrated platform that aims to combine solar and wind generation with battery energy storage systems (BESS) and digital energy management solutions to supply firm renewable power to corporate and industrial (C&I) customers. AltEons intends to deliver RTC solutions that integrate generation and storage with software enabled energy management to provide sustained supply beyond intermittent renewable output. The platform is being developed to offer tailored contracts and deployment models for C&I customers seeking long term decarbonisation and environmental, social and governance objectives. This approach is intended to improve reliability and enable industrial off takers to replace fossil fuel based generation with renewable alternatives. The company currently has a 210 MW hybrid portfolio under construction in Maharashtra, combining wind, solar and BESS assets to meet the needs of local industry. AltEons plans to add a further 800 MW of project pipeline by the end of 2026, with projects serving sectors including manufacturing, automotive, data centres and industrial engineering. The combination of grid scale assets and customer facing services is intended to support long term energy transition goals for corporate clients. Vijay Sankar, chairman of The Sanmar Group, said the investment reflected the group's belief that AltEons' leadership and execution capabilities would position it to become a significant player in India's renewable sector. Srinivasan Viswanathan, founder and chief executive of AltEons Energy, said the capital would strengthen the company's ability to develop its RTC portfolio and support decarbonisation requirements of industrial customers. The Sanmar Group itself has businesses across chemicals, specialty chemicals, shipping, engineering and foundry with operations in India and overseas.

Related Stories

Gold Stories

Next Story
Equipment

Terex to Acquire Keestrack, Expanding Crushing Portfolio

Terex Corporation has signed a definitive agreement to acquire Keestrack, a manufacturer of mobile crushing, screening and related equipment for the aggregates, recycling, construction and demolition industries. Financial terms were not disclosed.Founded in Belgium in 1988, Keestrack serves customers in more than 65 countries through a network of over 70 distributors. The acquisition will expand Terex Materials Processing’s crushing and screening portfolio and add manufacturing and distribution capabilities.After completion, Keestrack will continue as an independent brand within the Terex Ma..

Next Story
Infrastructure Energy

IES Taskforce Reviews Final Report on Power-Sector Digital Platform

The India Energy Stack (IES) Taskforce has reviewed its Final Report in New Delhi. The document sets out a strategy, architecture, governance framework and pathway to scale IES as digital public infrastructure for India’s power sector. The Ministry of Power constituted the Taskforce in June 2025.The report was presented by Prince Dhawan, Executive Director, REC Limited, and Swetha Ravi Kumar, Executive Director, FSR Global. Dr Ram Sewak Sharma, Chairperson of the Taskforce, outlined the way forward.IES is a common set of open standards and protocols designed to let utilities, regulators, mar..

Next Story
Infrastructure Urban

LANXESS, HINCOL Partner on Road Construction Technologies

LANXESS India and Hindustan Colas Private Limited (HINCOL) have signed a Memorandum of Understanding to assess technical and commercial opportunities in bitumen and asphalt modification for India’s infrastructure market.The companies will conduct laboratory and commercial-scale evaluations of Addipave CR 36, LANXESS’ cross-linking technology for polymer-modified bitumen (PMB). LANXESS will provide the product, technical expertise and trial support, while HINCOL will contribute testing facilities, operational support and performance assessments under local conditions. The trials will examin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code