Havells Enters Battery Energy Storage Market With Pixii
POWER & RENEWABLE ENERGY

Havells Enters Battery Energy Storage Market With Pixii

Havells India Limited has entered the battery energy storage systems sector through a strategic collaboration with Norway-based Pixii AS. The partnership will develop, manufacture and sell modular energy storage systems for homes, businesses and industry across India. The tie-up combines Havells' manufacturing capabilities, sales and distribution network with Pixii's energy storage technology to offer reliable and scalable solutions. The collaboration is intended to support India's transition towards cleaner energy.

The companies will follow a phased roadmap that begins with pilot installations to validate commercial opportunities and co-develop an all-in-one energy storage product. Subsequent phases envisage local manufacturing of products in India and tailoring of solutions to domestic customer requirements. The roadmap targets small-scale, commercial and industrial segments and aims to build a long-term battery energy storage ecosystem. Work will focus on modularity and efficiency to meet varied site and load profiles.

Havells reported that quarterly earnings before interest, tax, depreciation and amortisation declined by four point five per cent year-on-year to Rs 7.27 billion (bn). The EBITDA margin stood at 10.8 per cent, down by 90 basis points from 11.7 per cent a year earlier, while the margin remained above analyst expectations. The company's cable business revenue rose by 14 per cent year-on-year and earnings before tax grew by 36 per cent, with an EBIT margin increasing to 14.2 per cent from 11.9 per cent. Shares of Havells India Limited ended at Rs 1,191.50, down by Rs 16.95 or one point four per cent on the BSE.

Havells' renewables head said that the collaboration would bring global innovation to India and combine local market expertise with advanced technology. Pixii's chief executive indicated that India represented an important growth market for energy storage and that the partnership would leverage a trusted local partner to scale solutions. The companies said they would pursue validation, co-development and localisation while leveraging existing sales and service networks. The strategic move positions both firms to address growing demand for flexible and reliable energy storage in India.

Havells India Limited has entered the battery energy storage systems sector through a strategic collaboration with Norway-based Pixii AS. The partnership will develop, manufacture and sell modular energy storage systems for homes, businesses and industry across India. The tie-up combines Havells' manufacturing capabilities, sales and distribution network with Pixii's energy storage technology to offer reliable and scalable solutions. The collaboration is intended to support India's transition towards cleaner energy. The companies will follow a phased roadmap that begins with pilot installations to validate commercial opportunities and co-develop an all-in-one energy storage product. Subsequent phases envisage local manufacturing of products in India and tailoring of solutions to domestic customer requirements. The roadmap targets small-scale, commercial and industrial segments and aims to build a long-term battery energy storage ecosystem. Work will focus on modularity and efficiency to meet varied site and load profiles. Havells reported that quarterly earnings before interest, tax, depreciation and amortisation declined by four point five per cent year-on-year to Rs 7.27 billion (bn). The EBITDA margin stood at 10.8 per cent, down by 90 basis points from 11.7 per cent a year earlier, while the margin remained above analyst expectations. The company's cable business revenue rose by 14 per cent year-on-year and earnings before tax grew by 36 per cent, with an EBIT margin increasing to 14.2 per cent from 11.9 per cent. Shares of Havells India Limited ended at Rs 1,191.50, down by Rs 16.95 or one point four per cent on the BSE. Havells' renewables head said that the collaboration would bring global innovation to India and combine local market expertise with advanced technology. Pixii's chief executive indicated that India represented an important growth market for energy storage and that the partnership would leverage a trusted local partner to scale solutions. The companies said they would pursue validation, co-development and localisation while leveraging existing sales and service networks. The strategic move positions both firms to address growing demand for flexible and reliable energy storage in India.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code