Premier Energies, RCT India to Form 12 GWh BESS JV in Telangana
Premier Energies and RCT India will form a joint venture to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. The venture aims to cater to domestic and global markets, leveraging Premier Energies' manufacturing and RCT's global expertise. The facility is expected to strengthen India's BESS manufacturing ecosystem.
The formation of a joint venture for a significant manufacturing facility in the BESS sector represents a major strategic expansion and diversification for the company, with potential to impact its market position and revenue streams significantly.
The announcement details a strategic joint venture for a new manufacturing facility in a growing sector, indicating expansion and future growth potential for the company.
Premier Energies Limited and RCT India, a part of Germany's RCT Group, have entered into a binding term sheet to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. This joint venture, to be developed through Premier Energies' subsidiary, Premier Battery Technologies Pvt. Ltd., marks a significant expansion into clean energy beyond solar manufacturing.
The facility's first phase is planned at 6 GWh and is expected to serve the growing demand for energy storage in commercial, industrial, and utility-scale applications, both in India and internationally. The venture aims to be an export-oriented platform, leveraging Premier Energies' manufacturing capabilities and RCT's global energy-sector experience, engineering expertise, and supply-chain network to deliver competitive BESS solutions.
This strategic move positions Premier Energies as a broader clean-energy company. Mr. Chiranjeev Saluja, Managing Director of Premier Energies, highlighted the critical role of energy storage in India's power system and the aim to build globally competitive BESS products. Mr. Sukumar Reddy Madugula, Managing Director of RCT India, expressed excitement about bringing global expertise to India's BESS sector and developing the facility as a global serving platform.
The partnership is expected to strengthen India's domestic BESS manufacturing capabilities and cater to renewable power developers, C&I consumers, and utility-scale projects. Premier Energies is an integrated solar manufacturer with over 30 years of experience, while RCT Solutions Group brings over 10 GW of BESS project expertise worldwide.
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Premier Energies Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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