In a recent interview with Renewable Watch, Amod Anand, Co-Founder and Director, Loom Solar, outlined the company’s evolving business strategy, expanding product portfolio and growing focus on integrated solar-plus-storage solutions, as well as its rising domestic manufacturing, localisation efforts and the upcoming 1.2 GW manufacturing facility in Uttar Pradesh. He also discussed declining battery costs in India, the growing adoption of hybrid inverters and the policy support needed to accelerate the adoption of high-efficiency technologies. Edited excerpts…
What is Loom Solar’s business focus, product mix and key offerings?
Headquartered in Faridabad, Haryana, we operate as a fully integrated renewable energy manufacturer, combining in-house production with a digital-first distribution model. Alongside our e-commerce platform, we work with a nationwide network of over 10,000 dealers and distributors, enabling us to deliver clean energy solutions across India and in more than 10 international markets.
We manufacture high-efficiency solar modules up to 750 W under the Approved List of Models and Manufacturers (ALMM) and approved by the Bureau of Indian Standards; made-in-India on-grid and hybrid photovoltaic (PV) inverters ranging from 3 kW to 50 kW, and a wide range of lithium-based battery energy storage systems (BESSs) from 1 kWh to 5 MWh.
Beyond products, we provide end-to-end services, including professional installation, engineer-led site surveys, and financing and EMI support. To meet the rapidly growing demand for renewable energy, we are also setting up a new 1.2 GW manufacturing facility in Uttar Pradesh, further strengthening domestic manufacturing capacity and reinforcing India’s clean energy supply chain.
How much of your module and balance-of-system (BoS) supply chain is sourced domestically versus imported?
Loom Solar’s supply chain reflects the broader transition under way in India’s solar manufacturing ecosystem, with a clear shift towards domestic sourcing while selectively relying on imports where local capacity is still evolving. Solar modules are manufactured and assembled in India and are listed on the ALMM, which is mandatory for government-supported programmes such as the PM Surya Ghar: Muft Bijli Yojana and other public sector projects. In line with regulations effective June 2026, these ALMM-listed modules increasingly integrate approved, India-made solar cells, accelerating domestic value addition. At the same time, the industry continues to depend on imports for upstream materials such as polysilicon, wafers and certain advanced cell technologies, where India’s manufacturing base is still scaling.
On the BoS side, Loom Solar has significantly increased localisation. It manufactures made-in-India PV inverters (on-grid and hybrid) and lithium-based BESSs in-house. However, some specialised BoS subcomponents, including encapsulants, backsheets and high-end junction boxes, are still partially imported. Overall, Loom Solar is steadily increasing domestic sourcing in line with policy direction and supply chain resilience goals.
Has recent geopolitical uncertainty changed your procurement or inventory strategy?
Yes, recent geopolitical uncertainty has materially influenced procurement and inventory strategies across the Indian solar industry, including at Loom Solar. Volatility in global trade flows, evolving tariff regimes and tighter localisation requirements have accelerated a shift away from import-dependent models towards greater domestic integration and supply chain resilience.
At an industry level, policy measures, such as stricter ALMM norms and trade barriers across multiple regions, have encouraged manufacturers to secure long-term domestic sourcing arrangements, particularly for solar cells, while becoming more cautious about holding excess finished-module inventory amid global oversupply risks. At the same time, uncertainty in upstream materials has necessitated higher safety stocks of critical inputs to mitigate disruption.
In response, Loom Solar has recalibrated its approach by prioritising vertical integration in BoS components, including inverters and BESSs, reducing dependence on imported finished goods. Our inventory strategy has also shifted from volume-led stocking to value-led products, such as high-efficiency modules and storage-backed solutions, aligning with growing demand for reliability and despatchable renewable power rather than price-driven commodity supply.
How are battery prices evolving in India, and when do you expect storage to become mainstream for rooftop users?
From our perspective, battery pricing in India has reached a clear inflection point. Over the last few years, lithium-ion costs have fallen sharply, with residential storage now available in the Rs 20,000-Rs 25,000 per kWh range for mainstream lithium-iron phosphate systems. At the grid scale, storage tariffs have dropped to nearly Rs 2-Rs 3 per unit in recent tenders, making stored solar competitive with peak-hour grid power. While 2026 may see some short-term volatility due to global raw material dynamics, the long-term trajectory remains firmly downward.
Looking ahead, the next few years will mark a structural shift in how storage is perceived and adopted. Storage is moving from being a backup solution to becoming the core of energy management. With policy support, falling EMIs and plug-and-play hybrid systems, solar-plus-storage is entering the mainstream. By 2028-30, we expect storage to be bundled with most rooftop systems, enabling energy independence, electric vehicle (EV) readiness, and eventually two-way grid participation through virtual power plants.
Which inverter architectures (string, central or hybrid) are gaining the most market acceptance today, and why?
From an industry standpoint, inverter adoption is clearly moving towards decentralised and multifunctional architectures. Hybrid inverters are the fastest growing segment today, particularly across residential and small to medium commercial and industrial (C&I) installations. Their ability to seamlessly manage solar generation, battery storage and grid interaction within a single intelligent unit aligns well with rising demand for energy reliability, storage integration and policy initiatives such as PM Surya Ghar. Customers increasingly prefer plug-and-play, all-in-one systems that simplify installation, reduce downtime and enable future upgrades like EV charging.
At the same time, string inverters have become the workhorse for large C&I and utility-scale projects. Their modular design improves uptime, allows granular performance optimisation, and lowers operation and maintenance risks compared to centralised systems. Central inverters, while still relevant for ultra-large solar parks, are gradually declining due to higher maintenance complexity and single-point failure risks. Overall, the market is converging towards software-driven, flexible inverter platforms that prioritise resilience, safety and intelligent energy management.
From a policy perspective, which incentives or reforms would most accelerate the domestic adoption of high-efficiency solar module technologies?
From an industry perspective, the fastest way to accelerate the domestic adoption of high-efficiency technologies is through a combination of performance-linked manufacturing incentives and yield-oriented demand policies. On the supply side, the production-linked incentive framework, especially when linked to efficiency and value addition, has proven to be a decisive enabler. By rewarding higher efficiencies rather than just capacity, it helps offset the higher capex associated with advanced cell technologies like heterojunction technology (HJT) and encourages manufacturers to invest in next-generation lines within India.
Equally important is the ALMM cell localisation mandate, which structurally shifts the market away from imported high-efficiency cells and creates a long-term incentive to build domestic cell capabilities. On the demand side, schemes such as PM Surya Ghar, time-of-day tariffs and storage-linked incentives can further accelerate adoption by valuing energy yield, space efficiency and reliability, not just installed kilowatts.
What are Loom Solar’s plans for scaling its manufacturing base over the next five years?
From our standpoint, scaling manufacturing over the next five years is not just about adding capacity, but about staying ahead of the technology curve. We have historically been early adopters of technologies such as bifacial modules, nono-PERC and TOPCon, and that pioneering mindset continues to guide our road map.
Between 2026 and 2030, our focus is on building future-ready, flexible manufacturing rather than rigid volume expansion. The upcoming 1.2 GW facility at Kosi, Uttar Pradesh, is a significant milestone and is designed to support high-efficiency platforms like TOPCon and HJT, while remaining adaptable to next-generation cell architectures as they mature. In parallel, we are steadily strengthening domestic capabilities across inverters and battery energy storage to reduce dependency on global supply chains and deliver fully integrated solutions.
Equally important is investment in research and development, automation and smart manufacturing, enabling us to introduce new technologies faster and at scale. Without being prescriptive about timelines, our intent is clear: evolve from a product manufacturer into a technology-led, vertically integrated energy solutions company, shaping how solar and storage are adopted in India over the next decade.