Havells Forays into Battery Energy Storage Through Pixii AS Collaboration

Havells India has partnered with Norway-based Pixii AS to develop and introduce modular Battery Energy Storage Systems (BESS) for the Indian market. The collaboration targets the residential, commercial, and industrial segments, aiming to leverage Pixii's technology alongside Havells' extensive manufacturing and distribution network. This strategic move positions Havells to capitalize on a domestic BESS market projected to reach up to INR 12,000 crore by FY2030.

Havells India and Pixii AS have established a phased roadmap to build a comprehensive BESS ecosystem in India, beginning with pilot installations to validate commercial opportunities and the co-development of an all-in-one energy storage solution. The partnership eventually aims to establish local manufacturing facilities in India to produce storage solutions specifically tailored to the needs of Indian customers. The Memorandum of Understanding (MoU) was signed in the presence of the Norwegian Ambassador to India, May-Elin Stener, signaling a significant cross-border technology transfer intended to support India's clean energy transition.

This foray into energy storage builds upon Havells India's existing footprint in the renewable energy sector, which includes a recent Rs. 600 crore investment in Goldi Solar for an approximate 9% stake. Havells is also recognized by the Ministry of New and Renewable Energy (MNRE) on the Approved List of Models and Manufacturers (ALMM) for its Surat-based solar PV module manufacturing facility, which has a capacity of 1,221 MW. By integrating Pixii's modular battery technology, Havells aims to provide scalable and efficient power infrastructure to meet the rising demand for renewable energy integration.

The Indian BESS market for residential and commercial & industrial (C&I) segments is expected to grow at a CAGR of more than 100% over the next three years, reaching a valuation between INR 10,000 and 12,000 crore by FY2030. Pixii AS CEO Thomas Ingebretsen identified India as one of the world's most exciting growth markets for energy storage, noting that the collaboration combines Pixii's differentiated technology with Havells' deep market expertise. Executives from Havells, including Reshu Madan and Aseem Goyal, emphasized that the partnership strengthens the company's energy solutions portfolio while contributing to national sustainability goals through localized innovation.