CLN Energy Ltd

🔋 CLN Energy Expands into Battery Storage with 40.1% Stake in Electrovault

- CLN Energy Limited acquired a 40.1% stake in Electrovault Power Private Limited on June 28, 2025.

- Electrovault focuses on Battery Energy Storage Systems (BESS) and BESS-integrated renewable energy plants in India.

- India’s Central Electricity Authority projects BESS demand at 37 GWh by 2027 and 236 GWh by 2031-32, backed by a ₹5,400 crore VGF scheme.

- Acquisition price: ₹40,010 (₹10/share), aimed at ownership realignment and operational synergy.

- Electrovault, incorporated on March 17, 2025, is a new player with no prior financial history.

- No regulatory approvals were needed for the transaction.