Maharashtra-headquartered energy transition equipment and power technology company Quality Power has announced that its Turkiye-based material step-down subsidiary, ENDOKS ENERJİ ANONİM SİRKETİ, has received an order to supply and integrate battery energy storage systems worth USD 16.32 million from an undisclosed international customer. The company indicated that the order value has the potential to increase to USD 31.36 million.

Company Background and Previous Projects

Quality Power completed the supply of medium-voltage cast-resin rectifier-duty transformers for Greenko's pumped hydro storage project in Andhra Pradesh in 2024. The company operates as an energy transition equipment and power technology firm based in Maharashtra.

The Turkish subsidiary ENDOKS ENERJİ ANONİM SİRKETİ will be responsible for executing the battery energy storage system order. The identity of the international customer placing the order has not been disclosed by the company.

Global Energy Storage Market Trends

Battery energy storage system installations are experiencing significant growth worldwide. Global installations of long-duration energy storage (LDES) systems surpassed 15 GWh in 2025, representing a 49% increase compared with the previous year, according to Wood Mackenzie's Long Duration Energy Storage Trends report.

Among the LDES technologies deployed in 2025, compressed air energy storage accounted for the largest share at 45%, followed by thermal energy storage at 33% and vanadium redox flow batteries at 21%. These statistics highlight the diverse technological approaches being implemented in the energy storage sector.

Investment and Funding Landscape

The overall growth in energy storage installations is supported by increased funding activity. Venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the sector declined 19% to $16.2 billion, according to the Annual and Q4 2025 Funding and M&A Report for Energy Storage.

Overall corporate funding totaled $16.2 billion across 119 deals in 2025, down from $19.9 billion raised through 116 deals in 2024. Despite the decline in total capital raised, deal activity increased 3% during the year, indicating continued investor engagement in the sector.

India's Energy Storage Development

India added nearly 547 MWh of battery energy storage capacity in 2025, representing a 26% year-over-year increase from over 433 MWh, according to the 2H & Annual 2025 India's Energy Storage. India's cumulative installed battery energy storage capacity reached almost 1,082 MWh as of December 2025.

The Central Electricity Authority recently notified the Central Electricity Authority (Measures relating to Safety and Electric Supply) Amendment Regulations, 2026, introducing a comprehensive safety framework for battery energy storage systems. These regulations mandate efficient system design, continuous battery monitoring, fire and explosion protection, ventilation, emergency systems, and automatic shutdown features.

The new regulatory framework demonstrates the government's focus on establishing proper safety standards as the energy storage sector continues to expand. The regulations address multiple aspects of battery energy storage system operations, from design requirements to emergency response protocols.

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