What is the scale and potential expansion of Eve Energy's battery supply deal with Godawari New Energy?

Eve Energy agreed to initially supply Godawari New Energy with batteries totaling 8 gigawatt-hours (GWh) of storage capacity, with the potential to expand the deal to 60 GWh over the next five years, according to a statement from Eve released late Tuesday.

How does the Eve–Godawari deal reflect broader global and regional trends in energy storage demand?

The deal reflects accelerating global demand for large-scale batteries driven by the energy transition—intensified by the Middle East conflict’s disruption of energy markets—and highlights India’s rapidly growing energy storage market, which BNEF projects will expand from 0.9 GWh added in 2025 to 5.4 GWh in 2024 and potentially 393 GWh by 2036, making it the sixth-largest storage market worldwide.

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