Statcon Energiaa and Su-vastika collaborate to develop digital energy storage technologies
The collaboration aims to advance innovation in four key technology areas:
•
IoT-enabled Monitoring
: Real-time data from sensors to track charge cycles, temperature, and performance parameters.
• Remote Management: Cloud-based diagnostics and control to reduce downtime and optimize operations.
• Grid Integration: Intelligent systems that can interact with distributed renewable sources and respond dynamically to demand fluctuations.
• Data Analytics: Use of AI and analytics to forecast energy consumption patterns and enhance efficiency.
'Storage is no longer just about hardware capacity. The future lies in digitally intelligent systems that integrate seamlessly with modern grids,' said Manoj Pande, Managing Director, Statcon Energiaa.
According to Kunwer Sachdev, Founder of Su-vastika, developing indigenous BESS with embedded digital control is vital for reducing reliance on imported systems and for ensuring resilience in critical infrastructure.
The partnership is backed by Rotomag Enertec Ltd, which has consolidated investments in solar pumping and energy storage. Industry analysts note that such collaborations align with India's policy focus on clean energy and digital grid modernization.
Beyond renewable integration, digitally enabled storage technologies are expected to support emerging use cases such as electric vehicle charging, urban microgrids, and smart city infrastructure. By embedding IoT and analytics into energy storage, India is positioning itself to build systems that are not only sustainable but also adaptive to the demands of a digital economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
25 minutes ago
- News18
Flipkart and China businesses lift Walmarts sales numbers in Q2 of FY26
New Delhi, Aug 21 (PTI) US-based retail giant Walmart on Thursday reported a 10 per cent growth in its international business in the second quarter of FY26 in constant currency terms, helped by Indian e-commerce arm Flipkart along with the China market and Walmex. Walmart International, which operates in 18 countries outside the US, including India, had a 'growth in net sales led by China, Walmex, and Flipkart", according to the earnings statement from the Bentonville-headquartered firm. Moreover, transaction counts and unit volumes were up across markets of Walmart International, it added. Walmex is the Mexican and Central American division of Walmart. Walmart, which follows February-January financial year, reported a USD 32.7 billion in sales from its international business, registering a growth of 10.5 per cent on constant currency terms. Its net sales were at USD 31.2 million, up 5.5 per cent. Walmart's overall revenue was at USD 177.4 billion, up 4.8 per cent year on year, and 5.6 per cent higher in constant currency terms. However, the operating income of Walmart International declined 9.8 per cent to USD 1.2 billion, 'affected by strategic growth investments in India, Canada and Mexico", it said. Walmart had acquired a 77 per cent controlling stake in Flipkart in 2018 in a USD 16-billion deal. Subsequently, it has raised its shareholding and now owns over 80 per cent stake in the Bengaluru-headquartered e-commerce major. PTI KRH HVA view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
India Today
37 minutes ago
- India Today
S Jaishankar meets Russian President Vladimir Putin in Moscow
External Affairs Minister S Jaishankar, who is on a three-day visit to Russia, met President Vladimir Putin in Moscow on high-stakes meeting came against the backdrop of steep US tariffs of 50 per cent on Indian goods in a move that the Trump administration said was prompted by India's purchase of Russian crude oil, suggesting that it is indirectly funding Moscow's war in Ukraine. advertisementJaishankar later spoke about the meeting with Putin and said he appreciated sharing of perspective on recent developments on Ukraine. "Honored to call on President Putin at the Kremlin today. Conveyed the warm greetings of President Droupadi Murmu & Prime Minister @narendramodi. Apprised him of my discussions with First DPM Denis Manturov & FM Sergey Lavrov. The preparations for the Annual Leaders Summit are well underway. Appreciate his sharing perspectives on the global situation and recent developments on Ukraine," the External Affairs Minister posted on X, along with a few pictures from the in the day, Jaishankar underlined India-Russia ties as "the steadiest of the major relationships in the world after the Second World War".Russian Foreign Minister Sergey Lavrov echoed that sentiment, describing the ties as a "special strategic partnership" shaped by the two countries' who arrived in Moscow after a round of trade and economic talks with Deputy Prime Minister Denis Manturov, said his meeting with Lavrov was an opportunity to review both the political relationship and bilateral also urged stronger trade with Moscow, calling on Russian firms to work "more intensively" with Indian in Moscow alongside Russia's First Deputy Prime Minister Denis Manturov, Jaishankar said the two countries must diversify their trade basket and expand joint ventures. "Doing more and doing differently should be our mantra," he said in his opening remarks."The tariff and non-tariff barriers, removing bottlenecks in logistics, promoting connectivity through the International North-South Transport Corridor, the Northern Sea Route and the Chennai-Vladivostok Corridor, and ensuring smooth payment mechanisms. These are the main issues," Jaishankar Wednesday, Russia's Charge d'Affaires in India, Roman Babushkin said that India-Russia relations are on an "upward trajectory" despite Western sanctions and geopolitical underlined that energy and defence remain crucial pillars of the partnership, which continues to expand despite trade has surged more than five-fold in the past four years, rising from USD 13 billion in 2021 to USD 68 billion in 2024-25, largely on the back of Indian imports of Russian hydrocarbons. The Russian Embassy in New Delhi estimated the growth at 700 per cent over the past five Jaishankar flagged the widening imbalance. India's trade deficit with Russia, just USD 6.6 billion in 2021, has ballooned to nearly USD 59 OF US TARIFFS ON TALKSThe India-Russia Moscow discussions came against the backdrop of fresh strain in India-US ties after President Donald Trump doubled tariffs on Indian goods to 50 per cent, including an additional 25 per cent levy as a penalty for New Delhi's continued purchase of Russian crude White House said the move was intended to pressure Moscow by constraining its trade directly mentioning Washington's decision, Jaishankar acknowledged that the talks were taking place "in the backdrop of a complex geopolitical situation" but stressed that New Delhi and Moscow remained "closely and regularly engaged" at the leadership is on a three-day visit to Russia aimed at consolidating what both sides continue to describe as a 'time-tested' strategic partnership.- EndsMust Watch
Economic Times
an hour ago
- Economic Times
Sebi mulls AI-only AIF regulatory regime with significantly less compliance requirements
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. GIFT City IFSC Fund commitments projected to cross USD 100 billion by 2030: PMS Bazaar Tired of too many ads? Remove Ads Markets regulator Sebi has proposed a new accredited investors-only alternative investment fund (AIF) regime with lesser compliance rules, a move aimed at enabling sophisticated investors to back higher-risk ventures more efficiently, its senior official said on Sebi is also working on an FPI (Foreign Portfolio Investors) portal, a one-stop shop that will provide clear information for existing and new foreign investors on ways to access Indian markets, its Whole Time Member Ananth Narayan G said at FICCI CAPAM 2025 event Accredited Investors (AIs), he said that globally, such investors are identified as experienced and capable of handling risk, so they are given fewer regulatory protections. To qualify, investors must show they can manage risk and are willing to accept fewer introduced an AI framework in 2021, but it hardly gained traction because the process was cumbersome and expensive, and offered few this is now changing, as Sebi has already simplified the process of obtaining AI status, making it largely paper-free, and is working to make it even easier, Narayan said that Sebi is looking to allow AIF (Alternative Investment Fund) managers to do the initial checks for AI Narayan said that Sebi has now " proposed an AI-only AIF regulatory regime that has significantly less compliance requirements around investor protection--our pathway to optimum regulations around AIFs. We want to enable sophisticated investors to back higher-risk ventures in an efficient manner".On FPI front, he said, "Sebi is also developing an FPI Portal, providing clarity and transparency to existing and prospective foreign investors around our regulatory regime".This will also be a one-stop shop for global investors to understand the "how" of accessing India markets, he August 2023, Sebi came out with norms requiring foreign funds with more than 50 per cent of their holdings in a single corporate group to give detailed information about all their owners and beneficiaries. However, some funds such Sovereign Wealth Funds and regulated mutual funds with strict rules on diversification and transparency were exempt, based on a trust-but-verify the regulator wants to turn these exemptions into a positive qualification. The idea is to create a framework called SWAGAT-FI or a Single Window Automatic & Generalized Access for Trusted Foreign Investors. This could cover up to 70 per cent of foreign portfolio investor (FPI) assets, Narayan FPIs would benefit from easier registration, simpler compliance requirements, and broader market access, similar to large domestic the Futures& Options market, Narayan said that Sebi is considering ways to improve the tenor and maturity profile of derivative products, so that they better support sustained capital formation."This may also need to be achieved in a calibrated manner, giving the system adequate time to adjust," he said that the regulator is open to objective and simple mechanisms to ensure that derivative participation is informed, suitable, and approach to arriving at the optimum regulatory regime around derivatives has been, and will continue to be, analytical and daily traded volumes in equity cash markets have grown rapidly by over 25 per cent Compounded Annual Growth Rate over the past 5 years, to well over Rs 1 lakh crore in the day, Sebi Chairman Tuhin Kanta Pandey also stressed on improving the tenor and maturity profile of derivative products.
