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Tesla is preparing to enter India’s industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.
The new business will also mark Tesla’s expansion in India beyond just electric cars, which it started selling in August.
The company already operates a Megapack business in the US and other markets, supplying large-scale energy storage systems for industrial and utility users.
Tesla’s new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to “develop and execute a comprehensive market expansion strategy for industrial energy storage solutions”.
The candidate will shape its entry into India for “utility-scale energy storage”, it added, without elaborating.
Reuters is first to report Tesla’s plan. The company did not respond to a request for comment.
Ambani’s Reliance and Adani’s group also have ambitious plans for India’s energy storage sector.
India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions.
Reuters
