Waaree Energies shares in focus after subsidiary launches 5.15 GWh battery energy storage facility

Shares of Waaree Energies are expected to be in the spotlight on Friday, July 17, as the company, in its press release on Thursday, informed exchanges that its subsidiary Waaree Energy Storage Solutions Pvt Ltd (Waaree ESS) has commenced its Battery Energy Storage System (BESS) Container Manufacturing Facility.

The company said it believes this marks a major milestone in building India's integrated energy storage manufacturing ecosystem.

The press release added that this BESS Container Manufacturing facility is of 5.15 GWh - uprated from an originally planned 3.5 GWh- driven by debottlenecking of production throughput and improved energy density of battery cells.

The facility is equipped with advanced Industry 4.0 technologies, Automated Guided Vehicles (AGVs), intelligent material handling, automated assembly lines, and advanced testing and quality assurance systems.

Designed for utility-scale and commercial & industrial applications, we believe the facility will deliver high-quality, reliable, and scalable energy storage solutions.

"The BESS container facility is the first milestone in Waaree ESS's manufacturing roadmap of 20 GWh. In the current financial year, we intend to operationalise the following facilities.

• 5.15 GWh of Battery Pack Manufacturing -uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells;

• 3.5 GWh of Lithium Cell Manufacturing,” the company said.

Together, these facilities will create a robust domestic energy storage ecosystem, aiding India's clean energy ambitions while reducing dependence on imported technologies, it added.

BESS details

Waaree Energies said that as India rapidly expands solar and wind power, Battery Energy Storage Systems (BESS) have become critical for ensuring reliable, round-the-clock electricity.

BESS enables renewable energy generated during the day to be stored and supplied during peak demand, improving grid stability, reducing curtailment of renewables, and minimizing reliance on conventional peaking power plants.

Energy storage will play a pivotal role in supporting India's renewable energy targets, enhancing energy security, and enabling a resilient, low-carbon power system.

"Through integrated manufacturing of lithium cells, battery packs, and BESS containers, Waaree ESS is building comprehensive energy storage platforms. This investment supports the Government's Make in India and Atmanirbhar Bharat initiatives while offering customers reliable, locally manufactured energy storage solutions with quality and faster delivery," it added.

What did the Waaree Energies Director say?

Sunil Rathi, Director, Waaree, said: "Battery Energy Storage Systems are the backbone of a renewable-powered future. As India accelerates its clean energy transition, reliable and domestically manufactured energy storage will be essential for ensuring grid stability, energy security, and sustainable growth."

Rathi added, "The commencement of our advanced BESS container manufacturing facility is an important step towards building a fully integrated energy storage ecosystem. With planned capacities of 3.5 GWh lithium cells and 5.15 GWh battery packs, Waaree ESS is committed to delivering world-class, Made-in-India energy storage solutions that empower our customers and contribute to India's vision of becoming a global clean energy manufacturing hub."

About Waaree Energy Storage Solutions

Waaree Energy Storage Solutions (Waaree ESS), a subsidiary of Waaree Energies, manufactures battery technologies and energy storage solutions for utility-scale, commercial and industrial, and infrastructure applications.

The company is expanding its manufacturing footprint across lithium-ion cells, battery packs, and Battery Energy Storage Systems (BESS) as part of its energy storage business.

About Waaree Energies

Waaree Energies is an Indian renewable energy company with operations spanning solar modules, engineering, procurement and construction (EPC), inverters, energy storage systems, and green hydrogen.

Founded in 1990 and headquartered in Mumbai, the company has manufacturing facilities in India and the United States and operates in more than 20 countries.