Rotomag Enertec Acquires Majority Stake In Statcon Energia

Statcon Energiaa Private Limited (Statcon Energiaa) has secured an investment from Rotomag Enertec Limited, which now holds a majority stake in Statcon Energiaa.

Sharing the details of the company's latest project, it said in a press release, "This investment marks a significant milestone in Statcon Energiaa’s journey, enabling them to scale their indigenously developed solutions. Statcon Energiaa is the 1st Indian company to fully design, manufacture, and commercially sell their on-grid solar inverters. Statcon Energiaa’s existing product range also includes power converters for Green Hydrogen, Defence, Railways, and Power sectors." 

The company, while sharing details of its previous project, said, "Statcon Energiaa has also recently finalised a deal with AEG PS, Germany, through which they aim to capture a significant market share in Green Hydrogen rectifiers in India."

Joint Statement by Umesh Balani, Managing Director, Rotomag Enertec Limited, and Manoj Pande, Managing Director, Statcon Energiaa Private Limited, “Our collaboration brings together complementary strengths in renewable energy and power electronics. Rotomag’s experience in solar pumping and industrial drive solutions, combined with Statcon Energiaa’s proven capabilities in power converter design and manufacturing, enables us to address a broad range of applications across India’s clean energy landscape.”

Expansion & Global Vision

Through this investment, both companies are set to pursue their goal, which includes:

• Development and deployment of next-generation MW-BESS solutions

• Scaling of indigenised solar inverter production, especially for hybrid and three-phase on-grid systems

• Deepening efforts in the green hydrogen rectifier space

• Joint R&D for advanced energy solutions using lithium-ion batteries

• Expansion into international markets with a focus on Asia, Africa, and the Middle East