Saatvik Green Energy, one of India’s fastest-growing fully integrated renewable energy firms listed on the BSE and NSE, has launched a wholly owned subsidiary, Saatvik Power Storage Solutions, in India. This new company will focus on the renewable energy and energy storage sector, specializing in developing and deploying advanced battery technologies and energy storage systems.
This move represents a key part of Saatvik’s vision to create a comprehensive clean energy platform that combines solar power generation with storage solutions. Over the next five years, the subsidiary aims to explore opportunities totaling 20 GW of energy storage capacity, enhancing grid stability and facilitating the integration of renewables in major markets. Additionally, it plans to offer a wide range of battery and energy storage solutions for utility-scale, commercial & industrial, as well as residential applications.
Commenting on the development, Prashant Mathur, CEO of Saatvik Green Energy Limited, said: “Energy storage will play a critical role in enabling the next phase of renewable energy growth. The incorporation of Saatvik Power Storage Solutions Limited reflects our long-term vision to build a comprehensive clean energy ecosystem that integrates solar manufacturing, EPC capabilities, and advanced storage technologies. This step positions Saatvik to contribute meaningfully to India’s transition toward reliable, round-the-clock renewable power.”
The subsidiary has been incorporated with an authorised capital of ₹10,00,000 divided into 1,00,000 equity shares of ₹10 each, with 100% shareholding held by Saatvik Green Energy Limited.
The establishment of the subsidiary reinforces Saatvik’s commitment to innovation, technology-led growth, and supporting India’s clean energy transition, particularly as the country accelerates deployment of renewable energy capacity supported by grid-scale and distributed storage solutions.
