Havells India Limited has announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce Battery Energy Storage Systems (BESS) for the Indian market.
The partnership aims to combine Havells' manufacturing capabilities and market reach with Pixii's energy storage technology to offer reliable and scalable energy solutions for residential, commercial and industrial customers.
Under the collaboration, Havells and Pixii will work together to develop advanced battery energy storage solutions that support India's growing renewable energy sector.
The partnership is expected to provide energy storage systems for:
The companies aim to deliver efficient and scalable solutions that help improve energy reliability while supporting India's clean energy goals.
The collaboration will be implemented in phases.
Initially, Havells and Pixii will conduct pilot projects to understand market demand and validate commercial opportunities. The companies also plan to co-develop an all-in-one battery energy storage solution.
In the later stages, the partnership will focus on:
Havells said the collaboration supports its strategy of expanding its renewable energy solutions portfolio while contributing to India's transition towards cleaner energy.
Pixii said India is one of the world's fastest-growing energy storage markets and that partnering with Havells will help combine advanced global technology with strong local manufacturing and market expertise.
According to the company, India's battery energy storage system market for residential, commercial and industrial applications is expected to reach ₹10,000–12,000 crore by FY30.
The market is projected to grow at a compound annual growth rate (CAGR) of over 100% during the next 3 years, driven by increasing renewable energy adoption and rising demand for reliable power infrastructure.
Havells India Limited is a leading fast-moving electrical goods (FMEG) and consumer durables company with operations in over 60 countries. Its portfolio includes electrical products and consumer appliances under brands such as Havells, Lloyd, Crabtree, Standard and Reo.
On July 9, 2026, Havells India share price (NSE: HAVELLS) closed at ₹1,194.50 on the NSE, down 1.10% (₹13.30) for the day. The stock opened at ₹1,212.00, touched an intraday high of ₹1,223.00, and fell to a low of ₹1,182.60.
The collaboration between Havells India and Pixii AS marks Havells' entry into India's battery energy storage segment.
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Published on: Jul 9, 2026, 5:16 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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