Rotomag Enertec acquires stake in Statcon Energiaa
Rotomag Enertec Limited has purchased a 50.99 per cent stake in Statcon Energiaa Private Limited. The partnership will focus on developing megawatt-scale battery energy storage systems (BESS) and increasing the production of domestically manufactured solar inverters. The companies also plan joint research and development on advanced energy solutions using lithium-ion batteries. They aim to expand…