Indian solar PV module manufacturer Saatvik Green Energy has entered the energy storage market through a newly incorporated subsidiary, Saatvik Power Storage Solutions, targeting 20 GW of energy storage capacity over the next five years. The move marks a significant diversification for one of India's established solar manufacturers as demand for integrated clean energy systems accelerates.

Energy Storage News reported that Saatvik Power Storage Solutions will develop battery technologies and deploy energy storage systems across utility-scale, commercial and industrial, and distributed renewable energy applications.

The expansion into storage builds on Saatvik's existing manufacturing and engineering base. The company operates a 4.8 GW PV module manufacturing plant in Haryana and is developing a new facility in Odisha with a further 4 GW of module capacity and 4.8 GW of solar cell capacity. Its engineering, procurement and construction arm covers utility, floating and rooftop solar as well as battery energy storage systems.

Prashant Mathur, chief executive of Saatvik Green Energy, said: "Energy storage will play a critical role in enabling the next phase of renewable energy growth. The incorporation of Saatvik Power Storage Solutions Limited reflects our long-term vision to build a comprehensive clean energy ecosystem that integrates solar manufacturing, EPC capabilities and advanced storage technologies. This step positions Saatvik to contribute meaningfully to India's transition toward reliable, round-the-clock renewable power."

India has set a target of 500 GW of non-fossil fuel energy capacity by 2030, with battery energy storage identified as a critical enabler of grid stability alongside accelerating solar and wind deployment. The country's installed renewable capacity stood at approximately 220 GW as of early 2026, according to the Ministry of New and Renewable Energy.

Read the full report on Saatvik Green Energy's entry into energy storage.