In Short : Rotomag has increased its skills in renewable integration and industrial applications by acquiring a full stake in Statcon, bolstering its position in the power electronics and clean energy industries.
Encouraging Innovation and Strategic Growth
Through the integration of Statcon’s power converter expertise, the acquisition broadens Rotomag’s technology offering. With this change, Rotomag is better positioned to provide cutting-edge solutions for solar, wind, hybrid, and storage systems while facilitating expansion in the industrial and defense sectors.
Impact and Significance of Clean Energy
Effective power converters are crucial for grid stability and the adoption of renewable energy sources, since India aims to install 500 GW of renewable capacity by 2030. The collaboration will promote innovation in smart grid and storage technologies, decrease dependency on imports, and expedite localized renewable energy solutions.
About Rotomag
With a focus on motors and clean energy technologies, Rotomag is a top producer of renewable energy solutions in India. The company’s role in providing comprehensive solutions for India’s renewable energy transition is strengthened by the acquisition of Statcon.
