Chennai-Based Swelect Energy Systems to Launch Battery Storage Solutions
Chennai-based renewable energy company Swelect Energy Systems has announced plans to launch its commercial and industrial Battery Energy Storage System (BESS) solutions during the current quarter. The upcoming launch, which will feature systems integrated with hybrid inverters, marks the company's formal entry into the rapidly expanding energy storage market.
Formerly known as Numeric Power Systems, Swelect is positioning energy storage as a natural extension of its core renewable energy business. Arulkumar Shanmugasundaram, the CEO and MD of the company, stated that the adoption of these BESS solutions is being driven by several key market factors. These factors include rapidly falling battery prices, the introduction of time-of-day electricity tariffs, rising renewable energy penetration, and an increasing demand for reliable power across the commercial and industrial sectors. The company expects the energy storage market to become a key growth driver for its business in the future.
As part of its broader expansion strategy, Swelect plans to commission a 10 MWh battery energy storage system at its solar photovoltaic manufacturing facility in Coimbatore during the year. The company expects this project to provide essential operational experience as it scales up its storage business. The Coimbatore project will also serve to demonstrate the real-world viability of large-scale, battery-backed energy solutions.
The company is already seeing market traction, having secured a 5 MWh rooftop BESS order from a commercial and industrial customer. According to the company, this initial order indicates a growing acceptance of storage-integrated renewable energy solutions within the commercial and industrial segment.
To further strengthen its integrated clean energy portfolio, Swelect has also initiated two new wind turbine projects with a combined capacity of 6.6 MW. Additionally, the company has set plans to grow its Independent Power Producer portfolio to 1 GW.
