PRNewsWire
21 Jul 2026, 07:00 UTC · 6h ago
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Delectrik Systems will deploy India's first industrial-scale vanadium redox flow battery with a 100 MWh capacity at the Khavda solar park by 2027. — Demonstrates a successful transition to non-lithium utility-scale storage in a major market, potentially diversifying energy storage technology risks.
+0.40Delectrik Systems aims to secure a order book of at least 1 GWh of flow battery capacity across India, Australia, ASEAN, and Africa within the next 12 months. — Indicates aggressive international expansion and scaling potential for the company's specific battery technology.
+0.30The company is vertically integrating via new subsidiaries to produce vanadium oxide and eventually hold vanadium-related assets. — Vertical integration into raw materials reduces supply chain risk and could influence vanadium demand/pricing.
+0.20Which stocks this story touches
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The company won a tender to collaborate on India's first industrial-scale flow battery project.
The company is expanding its renewable energy capacity and implementing innovative energy storage solutions.
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Reuters
58m ago
