Havells and Pixii AS Partner to Launch Advanced Battery Energy Storage Systems in India
New Delhi, July 9, 2026 — Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) and consumer durables company, has announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology firm. The partnership aims to develop and introduce advanced Battery Energy Storage Systems (BESS) for the dynamic Indian market.The collaboration signifies a strengthening of Havells' presence in India's evolving energy transition sector. By merging Havells' extensive sales and distribution network and strong manufacturing capabilities with Pixii’s globally proven energy storage technology, the joint initiative seeks to provide reliable, efficient, and scalable solutions across small-scale, commercial, and industrial segments, supporting clean energy transition goals in India.
The Memorandum of Understanding (MoU) was signed following representatives from Havells, Pixii, and the Embassy of Norway, including H.E. Ms. May-Elin Stener, Ambassador of Norway to India.
Phased Approach for Ecosystem Development
The strategic collaboration mandates a phased roadmap to build a long-term Battery Energy Storage System ecosystem in India. This process will begin with pilot installations designed to validate commercial opportunities and co-develop an all-in-one energy storage solution. The partnership is set to advance toward local manufacturing of products within India, ensuring that solutions are specifically tailored to the needs of Indian customers.Reshu Madan, SBU head - Renewables at Havells India Limited, stated that this collaboration "brings together global innovation to India" as the country accelerates its transition towards a cleaner energy future. Aseem Goyal, BU Head - Renewables, added that the partnership reinforces commitment to expanding Havells' energy solutions portfolio and contributing to India’s sustainability goals through the combined strengths of both companies.
Thomas Ingebretsen, CEO of Pixii AS, commented on the signing, emphasizing that "India represents one of the world's most exciting growth markets for energy storage." He noted that by partnering with Havells, we are combining Pixii's differentiated technology with a trusted local partner that offers deep market expertise, manufacturing strength, and an extensive customer reach.
Market Potential and Overview
The outlook for India's Battery Energy Storage System (BESS) market in the Residential and Commercial & Industrial segments is robust, projected to reach approximately 1012k INR Cr by FY30, with a compound annual growth rate exceeding 100% over the next three years.This significant growth is expected as renewable energy adoption increases and the demand for reliable power infrastructure continues to rise. Havells and Pixii are committed to introducing globally proven technology to drive local innovation and contribute to building a sustainable, future-ready energy ecosystem in India.
Company Profiles:
Havells India Ltd remains a leading FMEG (Fast moving electrical goods) and consumer durable company with a presence across 60 countries. Its product range includes Industrial & Domestic electrical goods and consumer durables, encompassing prestigious brands like Havells, Lloyd, Crabtree, Standard, and Reo.
Pixii AS is a premier Norwegian BESS company, headquartered in Kristiansand, operating across Europe, Asia-Pacific, and the Americas. Their portfolio features modular, scalable storage systems ranging from few kWh to multi-MWh, catering to grid, commercial & industrial applications, as well as EV charging needs.
HAVELLS Stock Price Movement
Havells India Limited shares today slipped by 1.10% to close at ₹1,190.80. The stock traded with a volume of 2.32 million shares and settled significantly lower than its day's high of ₹1,223.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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