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 operations into markets across Asia, Africa, and the Middle East. Statcon Energiaa, according to its press release, is the first…