Renewable energy firms plug into broader play for scale, growth

“As renewable penetration increases, the focus is slowly shifting from standalone products to integrated energy solutions. Global markets have shown that companies expanding into storage, energy management and system-level solutions are better positioned to create long-term value,” said Arun Mittal, CEO of VSL PowerHive, a BESS company founded by Vikram Solar. The company aims to build 5 gigawatt hours of BESS production capacity by FY27 and 7.5 gigawatt hours of battery cell production capacity by FY29, he said.