Chinese energy storage
systems maker Sigenergy plans to invest an initial $250 million
in India to set up manufacturing facilities for inverters and
battery energy storage systems, a senior company executive said.
* The company, which began operations in India earlier this year, will first build an inverter manufacturing plant that is expected to be operational by the second quarter of 2027, Rahul Morde, head of sales for Sigenergy India, told Reuters
* Sigenergy is exploring possible locations for the factory
* The company will subsequently establish a battery energy
storage systems factory, which is expected to come online six to
eight months after the inverter facility, Morde said on the
sidelines of Renewable Energy India Expo
* The company also plans to set up a research and
development centre focused on battery energy storage systems in
India, he said
* Sigenergy has complied with India’s regulations on storing
data in the country and is seeking investment clearances, Morde
said
* India is looking to rapidly expand renewable energy
capacity and grid-scale energy storage to support its clean
energy goals, creating opportunities for manufacturers
* Sigenergy develops and manufactures energy storage
systems, including battery products, inverters and energy
management software for residential and commercial customers
* The company debuted on the Hong Kong stock market in April
after raising HK$4.4 billion ($562 million) through an initial
public offering
Published on October 23, 2026
