Premier Energies to Form JV for 12 GWh BESS Facility
POWER & RENEWABLE ENERGY

Premier Energies to Form JV for 12 GWh BESS Facility

Premier Energies has entered into a binding term sheet with RCT India, part of Germany-based RCT Group, to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. The proposed joint venture will target the growing demand for energy storage in India and overseas markets.

The facility will be developed through Premier Energies subsidiary Premier Battery Technologies, with the first phase planned at 6 GWh. The project is expected to serve commercial, industrial and utility-scale applications, supporting the increasing use of renewable energy and the need for reliable storage capacity.

The partners also intend to develop the facility as an export-oriented manufacturing platform. Products manufactured in India are planned to serve international markets, giving the joint venture a role in both domestic supply and overseas demand for BESS solutions.

For Premier Energies, the proposed partnership marks a step towards expanding beyond its established solar cell and module manufacturing operations. The company is seeking to build capabilities across several segments of the renewable energy value chain and develop globally competitive BESS products through the new manufacturing platform.

Managing director Chiranjeev Saluja said the partnership would provide access to a rapidly expanding energy storage market as India increases its renewable generation capacity. He noted that storage would support a reliable, resilient and sustainable power system while enabling the company to serve customers in India and abroad.

Premier Energies operates one of India’s largest integrated solar cell and module manufacturing facilities by capacity. In Q1 FY27, its consolidated net profit rose 50.45 per cent to Rs. 4.63 bn, while revenue increased 35.25 per cent to Rs. 24.63 bn compared with Q1 FY26. Shares declined 0.54 per cent to Rs. 964.80 on the BSE.

Premier Energies has entered into a binding term sheet with RCT India, part of Germany-based RCT Group, to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. The proposed joint venture will target the growing demand for energy storage in India and overseas markets. The facility will be developed through Premier Energies subsidiary Premier Battery Technologies, with the first phase planned at 6 GWh. The project is expected to serve commercial, industrial and utility-scale applications, supporting the increasing use of renewable energy and the need for reliable storage capacity. The partners also intend to develop the facility as an export-oriented manufacturing platform. Products manufactured in India are planned to serve international markets, giving the joint venture a role in both domestic supply and overseas demand for BESS solutions. For Premier Energies, the proposed partnership marks a step towards expanding beyond its established solar cell and module manufacturing operations. The company is seeking to build capabilities across several segments of the renewable energy value chain and develop globally competitive BESS products through the new manufacturing platform. Managing director Chiranjeev Saluja said the partnership would provide access to a rapidly expanding energy storage market as India increases its renewable generation capacity. He noted that storage would support a reliable, resilient and sustainable power system while enabling the company to serve customers in India and abroad. Premier Energies operates one of India’s largest integrated solar cell and module manufacturing facilities by capacity. In Q1 FY27, its consolidated net profit rose 50.45 per cent to Rs. 4.63 bn, while revenue increased 35.25 per cent to Rs. 24.63 bn compared with Q1 FY26. Shares declined 0.54 per cent to Rs. 964.80 on the BSE.

Related Stories

Gold Stories

Next Story
Equipment

Enerpac launches battery and diesel-powered split-flow pumps

Enerpac has introduced two split-flow pump series for multi-point lifting and skidding applications, particularly at remote industrial sites and locations with limited access to conventional power sources.The new SFP-B Series is battery-powered, while the SFP-D Series runs on diesel. Both operate at pressures of up to 700 bar and are designed to simplify equipment setup and provide greater control during lifting operations.The SFP-B Series offers up to 75 minutes of runtime at full capacity and has four outlets for multi-point lifting. Its 150-litre oil reservoir supports demanding application..

Next Story
Infrastructure Urban

Electromech Infraprojects Files DRHP for Rs 3.26 Billion IPO

Electromech Infraprojects has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed initial public offering (IPO). The offering comprises a fresh issue of equity shares aggregating up to Rs 3.26 billion and an offer for sale of up to 1.89 million equity shares by existing shareholders. The shares have a face value of Rs 5 each.The Mumbai-based company provides mechanical, electrical and plumbing (MEP) solutions for data centres, Global Capability Centres (GCCs), and commercial and industrial projects. Its services cover technical de..

Next Story
Real Estate

Dubai South Home Sales Rise 27% Above 2025 Total: Anarock

Dubai South recorded 12,428 residential property transactions between January and August 2026, surpassing the 9,788 transactions registered during the whole of 2025 by 27 per cent, according to Anarock Research's Dubai South Residential Micro-Market Report. Residential sales value reached AED 15.9 billion during the eight-month period, representing 81 per cent of the AED 19.6 billion recorded in 2025.The report highlights significant growth in Dubai South's residential market, with annual sales value increasing from AED 720 million in 2020 to AED 19.6 billion in 2025. Transaction volumes also ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code