ACME Solar raises FY27 battery storage target to 12 GWh
In short
ACME Solar has raised its FY27 battery storage commissioning target to 12 GWh. The company’s CEO said battery storage could make up 30% to 50% of revenue in the next two years.
This matters because it points to stronger growth from storage projects and power contracts. The report does not say how much of the target is already secured.
What the reporting says
ACME Solar raised its FY27 battery storage commissioning target to 12 GWh, according to a publisher-supplied summary citing company remarks. The report says Joint MD and CEO Nikhil Dhingra expects battery energy storage systems to contribute 30% to 50% of revenue over the next two years, supported by rising peak-power demand and additional long-term power purchase agreements. The exact project pipeline and timing were not stated.
Why it matters
ACME Solar raised its FY27 battery storage commissioning target to 12 GWh, and the company said battery energy storage systems may account for 30% to 50% of revenue over the next two years. The update was linked to rising demand for peak power and more long-term power purchase agreements. The report does not provide project details, execution timing, or whether the target is fully contracted.