The investment may spark momentum in clean energy expansion and wider applications in sustainable power across multiple sectors.
To accelerate its clean energy initiatives and global expansion, Statcon Energiaa Private Limited has secured a strategic investment from Rotomag Enertec Limited, which now holds a majority equity stake in the company. The company’s input assures that this investment will strengthen Statcon Energiaa’s vision to project themselves as the first Indian company to fully design, manufacture, and commercially sell on-grid solar inverters.
As per official data, with the investment already done, the companies are now eyeing to achieve their ambitious vision together:
- Next-generation Megawatt Battery Energy Storage System (MW-BESS) solutions development
- Leveraging production of indigenous solar inverter, especially hybrid and three-phase on-grid systems
- Enhancing efforts in the green hydrogen rectifier sector
- R&D in advanced energy solutions using lithium-ion batteries
- Expansion in Asia, Africa, the Middle East, and other markets
Statcon has also recently finalized a strategic agreement with AEG Power Solutions, Germany in the field of green hydrogen rectifiers. Company’s data reaffirms that the deal and investment is in alignment with the national priorities, including the Make-in-India initiative, transition to clean energy, and energy independence through domestic innovation.
Joint Statement by Umesh Balani, Managing Director, Rotomag Enertec Limited, and Manoj Pande, Managing Director, Statcon Energiaa Private Limited:
“Our collaboration brings together complementary strengths in renewable energy and power electronics. Rotomag’s experience in solar pumping and industrial drive solutions, combined with Statcon Energiaa’s proven capabilities in power converter design and manufacturing, enables us to address a broad range of applications across India’s clean energy landscape..”.
Rotomag Enertec Limited is a manufacturer, supplier, and installer of industrial drive solutions (motors, gearboxes, and drivetrains) and solar products (including solar pumps, solar pumping systems, and inverters and battery energy storage systems) in India.
Statcon Energiaa is an India-based manufacturer of power-converters. They have experience in designing and manufacturing equipment for static energy conversion, covering a broad spectrum of power, especially Static Converters/ Rectifiers. The company caters to sectors like Green Hydrogen, Defence, Railways, and Power, reflecting its interest in diverse and strategic critical infrastructure and emerging clean energy applications.
