An energy storage subsidiary of Waaree Energies has raised INR10 billion (US$110.9 million) for a planned manufacturing plant in India.

Wins in competitive solicitations for large-scale battery storage projects in India have been announced by KPI Green Energy Ltd and Power Grid Corporation of India in the past few days.

National and regional agencies in India tendered for 9.5GW of utility-scale ESS in Q1 2025, more than two-thirds for standalone systems.