Solaryaan has initiated pitching Hybrid Energy Solution plans for India, which is worth generating Rs 400 crore in the current fiscal year.
This initiative is driven by the aim of expanding their product portfolio, which will in turn strengthen their channel network and further contribute to promoting clean energy solutions.
The demand for Hybrid energy rises despite consumers and industries surging in seeking the reduction of fossil fuels and thereby choosing environment friendly, cost-effective energy solutions.
Similarly, in the case of corporates, stricter carbon pricing rules and environment-friendly mandates are pushing companies to equip themselves with renewable energy products; also selling the same will raise awareness of it.
Also Read: How Advanced Filtration Driving the Future of Sustainable Mobility
The company currently plans to strengthen its goal of Hybrid Energy Solutions, which also includes battery storage systems and integrated energy technologies, which will support India with its goal of clean energy transition.
This goal aims to target a revenue of Rs 1000 crore by FY29 and looks forward in expanding it over 15 states. The company marks a significant milestone in its journey by unveiling Solaryaan 2.0. Chirag Patel, Solaryaan CEO, quotes that “Solaryaan 2.0 will promote the future goal of the company through three strategic business pillars, Grid-Tied Investors, Hybrid Energy Solution, and Battery Energy Storage Systems.
In the last financial year, the company has reportedly recorded a growth of worth 200 crore. That significantly helped in building strong momentum in its growth. Currently, the company is on board with generating revenue of 400 crore in the current financial year. Through the grand unveiling of Solaryaan 2.0, the company has shifted its growth from a solar- inverter focused to a leading brand in advanced energy solutions.
India has currently seen multiple initiatives in the renewable energy sector, from installing power plants to new emerging brands that specialize in the energy solutions sector. This decreases dependence on fossil fuels and carbon-intensive processes. These multiple projects on renewable energy raise awareness among the public and corporate companies, pushing them to continue in the renewable energy sector.
Solaryaan is an emerging Indian renewable energy and semiconductor manufacturing company headquartered in Ahmedabad, Gujarat. The company was established in 2019. It previously started as a solar inverter manufacturer, grid-tied solutions, and battery storage systems for residential, commercial, and Industrial markets.
We use cookies to ensure you get the best experience on our website. Read more...
