Solis Celebrates 10 Years in India, Hits 10 GW Shipment Milestone

A Decade of Growth in India

Solis, a leading inverter manufacturer, has achieved a remarkable milestone in India, shipping 10 GW of its products in the country. This accomplishment coincides with the company's 10-year anniversary in the Indian market. Founded in 2005, Solis has established itself as a key player in the solar industry, with a strong presence in India.

Sustained Growth and Market Leadership

The 10 GW shipment milestone underscores Solis' sustained growth and market leadership in India. As the country continues to expand its renewable energy capacity, inverter manufacturers like Solis play a crucial role in enabling the integration of solar power into the grid. With a significant presence in India, Solis is well-positioned to capitalize on emerging trends, including the government's ambitious PM Surya Ghar initiative, which aims to achieve a milestone of 60 lakh households with rooftop solar installations and has already trained 2.5 lakh workers under the program.

Implications for Developers and the Grid

The company's growth in India also has implications for developers, investors, and consumers. As the country targets increasing its renewable energy share, developers are focusing on utility-scale projects, with Gujarat and Rajasthan accounting for 88% of the installed utility-scale capacity. With a strong track record of delivering reliable and efficient inverter solutions, Solis is poised to support developers in achieving their project goals. Additionally, the company's products enable households and businesses to optimize their solar power usage, contributing to a more efficient and resilient grid.

Product Portfolio and Innovations

Solis has been bolstering its product lineup to meet the rising demand for energy storage solutions in India, where the company recently celebrated its 10-year milestone. In 2025, Solis launched SolisStorage, a comprehensive energy storage solution catering to residential, commercial, and utility-scale projects. The EverCore battery series, a key component of SolisStorage, offers a range of capacities from 100-261 kWh and power ratings from 30-125 kW. This setup enables a swift switching time of just 10 milliseconds between grid-connected and off-grid operation, providing enhanced flexibility and reliability.

Key Features and Achievements

• Solis reached a 10 GW shipment milestone in India in 2026, solidifying its position in the market.
• Overseas markets contributed 60.3% to Solis' total revenue, indicating a strong global presence.
• The company recorded a 106.7% year-on-year increase in energy storage inverter revenue, highlighting the growing demand for such solutions.
• Solis invested $37.7 million in research and development, underscoring its commitment to innovation.
• Upon completion of the Solis Future Factory, the company's annual production capacity is expected to reach 80 GW, significantly ramping up its manufacturing capabilities.

Market Performance and Financials

Strong Revenue Growth and Overseas Presence

In 2026, Solis achieved a significant milestone with a global revenue of $572 million. Overseas markets played a crucial role, contributing 60.3% to the total revenue. This substantial overseas presence underscores Solis' successful expansion strategy beyond its domestic market. The company's energy storage inverter revenue experienced remarkable growth, increasing by 106.7% year-on-year.

Investment in Innovation

Solis has demonstrated its commitment to innovation and growth by investing $37.7 million in research and development. This investment is likely to drive the company's future product developments, such as its energy storage solutions, including the SolisStorage launched in 2025.

Implications for the Renewable Energy Sector

The company's financial performance and investment in R&D have significant implications for the renewable energy sector, particularly in India, where Solis has established a strong presence over the past 10 years. As the country aims to achieve ambitious renewable energy targets, including a battery energy storage system requirement of 236 GWh by FY2031-32, Solis' growth and innovation are expected to play a vital role. With a growing pipeline of 176.66 GWh BESS projects and a focus on rooftop solar, Solis' solutions can support developers, investors, and consumers in achieving their renewable energy goals.

Residential Energy Storage Solutions

Supporting India's Renewable Energy Ambitions

Solis, a leading clean energy company, offers a range of residential energy storage solutions that cater to India's growing demand for renewable energy. One of its flagship products is the AuroraCell battery, which has a capacity of 9.7 kWh and a cycle life of 20,000. The battery comes with a 20-year warranty and operates at a voltage of 48 V, making it a reliable and efficient solution for homeowners.

Residential energy storage systems like AuroraCell are crucial in India's transition to a low-carbon economy. With the government's ambitious PM Surya Ghar initiative aiming to achieve a milestone of 60 lakh households, and having already trained 2.5 lakh workers under the program, solutions like AuroraCell can play a vital role in supporting widespread adoption.

Some key benefits of residential energy storage systems include:

• Reduced reliance on the grid during peak hours
• Increased self-consumption of solar energy
• Backup power during grid outages
• Potential for grid services and ancillary benefits

As India aims to integrate more renewable energy into its grid, residential energy storage solutions like those offered by Solis can help address the intermittency of solar power and provide a stable and reliable energy supply to households. With a growing focus on energy storage, India is expected to require 236 GWh of battery energy storage systems by FY2031-32, indicating a significant market opportunity for companies like Solis.

Industry Trends and Outlook

Ambitious Growth Projections

The Indian renewable energy sector is poised for remarkable expansion, underpinned by ambitious targets and burgeoning demand for clean energy solutions. By FY2031-32, the country is expected to require 236 GWh of battery energy storage systems, signaling a critical need for innovative and scalable energy storage technologies.

Current Project Pipeline and Regional Concentration

The battery energy storage system (BESS) project pipeline currently stands at 176.66 GWh, with a significant concentration of utility-scale capacity in Gujarat and Rajasthan, which together account for 88% of installed capacity.

Rooftop Solar Market Leadership

In the rooftop solar segment, Tata Power Renewables has established itself as a leading player, with an installed capacity of 5.67 GW across 575,000 installations. These developments underscore the sector's growth momentum, driven by supportive policies, declining technology costs, and increasing consumer adoption. Key initiatives, such as the PM Surya Ghar program, aim to further accelerate growth, with a milestone of 60 lakh and training of 2.5 lakh workers.

What to watch

Key Events and Milestones

The renewable energy sector in India is poised for significant developments, driven by ambitious government targets and evolving market trends. As Solis celebrates 10 years in the Indian market, having reached a 10 GW shipment milestone, several key events are worth monitoring:

Event	Date
Renewable Energy India Expo	October 23, 2026
pv magazine Global issue out	October 2026
UPCOMING WEBINAR and IN PERSON EVENT	October 23, 2026

Sector Trends and Implications

The Indian government's PM Surya Ghar initiative aims to achieve a milestone of 60 lakh, with 2.5 lakh workers trained under the program. This push for solar energy is expected to drive growth in the sector, with companies like Tata Power Renewables already having a significant presence in the rooftop solar market with 575,000 installations and a capacity of 5.67 GW. As the sector continues to evolve, the role of energy storage is likely to gain prominence, with India's battery energy storage system requirement projected to reach 236 GWh by FY2031-32, and a current project pipeline of 176.66 GWh. Developers, investors, and consumers will need to adapt to these changing market trends and technological advancements.