Newen Systems Private Limited
Newen Systems manufactures battery energy storage systems, power conversion inverters, DC-DC converters, and energy management software for utilities, independent power producers, and commercial & industrial customers across India and 65+ countries, backed by TPG Growth and Norfund.
- Company typePrivate
- Founded2016
- HeadquartersVadodara, India
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Newen Systems Private Limited does
Newen Systems Private Limited is an India-based, privately held manufacturer and engineering company specializing in battery energy storage systems (BESS), power conversion systems, and microgrid solutions for renewable energy, e-mobility, green hydrogen, and industrial applications. Founded in 2016 and headquartered in Vadodara, Gujarat, the company operates India's first gigawatt-scale power conversion system (PCS) manufacturing facility, expanded in 2024 to a combined capacity of 4 GW across two facilities. Its product stack comprises bi-directional inverters (CPS Series for utility-scale and MPS Series for behind-the-meter/microgrid), bi-directional DC-DC converters (DPS Series), the proprietary NEEMS energy management platform, ISO-certified energy storage containers, and high-power rectifiers — supported by technology licensing from Dynapower (USA) and patented Dynamic Transfer capability for seamless grid-to-grid-forming transitions.
The company generates revenue through three streams: hardware sales of inverters, converters, and storage containers; pre-bid and post-award engineering services covering system design, grid integration, commissioning, and ongoing support; and OPEX-based BESS deployment via partnerships with independent power producers (IPPs) where customers pay for energy services rather than capital equipment. Go-to-market is enterprise field sales targeting utilities, IPPs, commercial & industrial (C&I) customers, defense (ONGC), and emerging segments such as green hydrogen (Hygenco) and EV charging (JBM). Strategic investors include TPG Growth and Norfund (Norway), with IFC serving as a development-finance channel partner for India and South Asia. Cumulative deployments span 3,000+ MW across 65+ countries, with a 900+ MW firm order book as of 2024.
Newen Systems Private Limited firmographics
Firmographics- Name
- Newen Systems Private Limited
- Legal name
- Newen Systems Private Limited
- Website
- https://newensystems.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Short description
- Newen Systems manufactures battery energy storage systems, power conversion inverters, DC-DC converters, and energy management software for utilities, independent power producers, and commercial & industrial customers across India and 65+ countries, backed by TPG Growth and Norfund.
- Ownership category
- akta.pro rank
Newen Systems Private Limited industry classification
Industry- Product category
- Energy Storage Solutions
- NAICS
- Battery Manufacturing (33591), Switchgear and Switchboard Apparatus Manufacturing (335313)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613)
- akta.pro primary industry
- Stationary Energy Storage Systems (BESS/ESS Integrators) (IMAGAHAD)
- akta.pro secondary industries
- Power Conversion Systems for Storage & Charging (PCS, bidirectional inverters, DC/DC) (IMAGAHAE), Power Conversion Systems (PCS), Inverters & Transformers for BESS (EUAFAAAE), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG)
Keywords
Where Newen Systems Private Limited is headquartered
LocationHeadquarters
- HQ city
- Vadodara
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Newen Systems Private Limited business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Hardware Sales - Bi-Directional Inverters and DC-DC Converters: Sale of power conversion equipment including CPS Series inverters (utility-scale), MPS Series inverters (behind-the-meter), and DPS Series DC-DC converters. Equipment is sold as part of integrated BESS solutions.
- Energy Storage Container Sales: Sale of ISO Certified energy storage containers with integrated HVAC, thermal management, and fire safety systems.
- Pre-bid and Post-Award Engineering Services: Technical services including system design, performance analysis, grid impact assessment, commissioning, training, and ongoing support. Provided as part of BESS project deployment.
- BESS Project Delivery (OPEX Model): Battery Energy Storage Systems deployed under an operational expenditure model in partnership with Independent Power Producers (IPPs), where Newen provides the complete BESS solution and customers pay for energy services rather than capital equipment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-specific enterprise pricing - no public pricing available |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Newen Systems Private Limited product offering
Product offeringCore offering
Newen Systems designs, manufactures, and deploys Battery Energy Storage Systems (BESS) including bi-directional inverters (CPS and MPS Series), DC-DC converters (DPS Series), the NEEMS energy management software platform, ISO-certified energy storage containers, and high power chopper rectifiers. The company delivers complete stack solutions integrating proprietary power conversion systems with energy management software for utility-scale, commercial and industrial, microgrid, green hydrogen, and e-mobility applications across India and 65+ countries.
Product overview
Newen Systems offers a comprehensive stack of energy storage and power electronics products designed for both front-of-the-meter (utility-scale) and behind-the-meter (commercial and industrial) applications. The product portfolio centers on five core offerings: (1) CPS and MPS Series Bi-Directional Inverters for power conversion between batteries, grid, and loads; (2) DPS Series DC-DC Converters for integrating battery storage with solar PV; (3) NEEMS (Newen Energy Management Systems) for unified monitoring, control, and optimization of distributed energy resources; (4) Energy Storage Containers providing ISO-certified, fire-rated enclosures; and (5) High Power Rectifiers for industrial processes. These products work together as an integrated system with native PCS and EMS integration, enabling applications across BESS, Green Hydrogen, E-Mobility, and Microgrids markets. Technology collaboration with Dynapower (USA) provides the underlying power conversion technology.
Differentiator
Problem solved
Functional benefit
Products and services
- CPS Series (Compact Power System) Bi-Directional Inverters Utility-scale energy storage inverter available in indoor and outdoor configurations with three-level topology, air-cooled design, four-quadrant operation, grid-tied and grid-following modes, and patented Dynamic Transfer for seamless grid-to-stand-alone transitions. Sold to utility-scale and grid operators for large BESS deployments.
- MPS Series (Micro Power System) Bi-Directional Inverters Behind-the-meter energy storage inverter optimized for reliability and safety, with four-quadrant operation, grid-tied and grid-forming modes, parallel capability in grid-forming mode for microgrids, patented Dynamic Transition, galvanic isolation, and full current unbalancing per phase. Sold to commercial and industrial customers and microgrid operators.
- DPS Series (Direct Power System) DC-DC Converters Bi-directional DC-DC converter engineered to integrate battery energy storage with new and existing PV power plants on the DC side, with automated clipping recapture, low-voltage harvesting, DC-coupled architecture, and parallel scalability up to six units. Sold for solar-plus-storage, EV charging, and green hydrogen production applications.
- NEEMS (Newen Energy Management Systems) Unified hardware and software platform combining power conversion systems with energy management capabilities for remote visibility, control, monitoring, and management of individual assets or entire fleets. Supports PV ramp rate control, AVR mode, renewable energy capacity firming, power quality mode, active standby mode, energy capacity firming, remote dispatch, load following, renewable energy time shift, and dynamic frequency regulation.
- Energy Storage Containers ISO Certified battery storage containers with 25-year service life, IP54 ingress protection, 2-hour fire rating, C5M paint level, temperature range of -30°C to 60°C, integrated HVAC and thermal management, fire alarm system, and kiosk-type enclosure for batteries and associated components. Sold as part of integrated BESS solutions.
- High Power Rectifier IGBT Chopper rectifier with high frequency switching technology in modular design, converting secondary AC voltage to regulated output DC voltage for industrial processes. Features high power factor, low harmonic distortion (eliminating need for power factor correction and harmonic filters), inherently low ripple (<2%), modular approach, and intuitive touchscreen controller with PLC. Sold for industrial processes requiring large voltages and currents.
- Pre-bid Engineering Services Customer-tailored pre-bid engineering services for deploying battery energy storage solutions, including technical evaluations, energy storage system design, system performance analysis, cost estimation, grid impact and compliance analysis, and risk assessment. Sold to utilities, IPPs, and C&I customers as part of BESS project acquisition.
- Post-Award Engineering Services Post-award engineering services including detailed engineering design, equipment procurement assistance, project management, construction supervision, commissioning, testing, grid integration, control system configuration, training, performance monitoring, and upgrades. Sold to BESS project customers to support successful implementation and operations.
Quantifiable outcome
- ~40% savings from DG tariff in DC-coupled solar + BESS industrial operations
- +5 more outcomes
Companies that use Newen Systems Private Limited
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Newen Systems Private Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature8 records
Newen Systems Private Limited partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Dynapower, USAcoreDynapower, USA is Newen's technology partner with Technology License, Development, and Supply Agreement. Dynapower provides globally proven BESS technology with over 1500MW installations. They develop next-generation energy storage and power conversion systems in collaboration with Newen Systems, India. Dynapower also leads Green Hydrogen adoption with some of the largest Green Hydrogen projects under execution using their technology.
- IFC (International Finance Corporation)coreNewen has signed an agreement with IFC for implementation of BESS platform in India and South Asia. IFC acts as a partnership channel for deploying Newen's BESS solutions through its development finance network across the region.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Newen Systems Private Limited competitors and assessment
Company assessmentBroad incumbents
- ABB: Global electrification and automation major with power conversion, drives, and energy storage offerings. Comparable to Newen on PCS technology and microgrid solutions, but with a much wider portfolio spanning industrial automation, robotics, and motion.
- Schneider Electric: Global energy management and automation major offering BESS, microgrid solutions, and power conversion through its EcoStruxure platform. Overlaps with Newen on C&I microgrids, behind-the-meter BESS, and EMS layers, with much broader portfolio and global reach.
- Sungrow: World's largest inverter manufacturer with a fast-growing BESS and PCS business. Comparable to Newen on utility-scale PCS and DC-coupled PV+BESS, but at vastly larger scale with global procurement and a broader product portfolio across solar inverters, ESS, EV chargers, and hydrogen.
- Tesla Energy (Megapack): Vertically integrated BESS provider with Megapack product line for utility-scale storage. Comparable on integrated PCS+BESS+EMS stack targeting utilities and IPPs, with a global manufacturing footprint and Lathrop facility comparable in scale to Newen's 4 GW India capacity.
- Hitachi Energy (formerly Hitachi ABB Power Grids): Global grid solutions provider offering power conversion, energy storage integration, and grid-forming inverters. Comparable to Newen on utility-scale BESS and grid-forming PCS, with broader portfolio in transformers, HVDC, and grid automation.
Regional players
- Tata Power Solar Systems: India-focused EPC and BESS integrator from the Tata group, offering solar PV plus battery storage for utilities, C&I, and rooftop customers. Direct competitor in India on C&I and utility-scale BESS, with deeper domestic brand and balance sheet.
- Adani Energy Solutions: Indian conglomerate's transmission and BESS arm deploying multi-GW storage projects across India. Comparable to Newen on large-scale BESS project execution and IPP-led storage deployment, with substantially larger balance sheet and integration across generation, transmission, and distribution.
Direct peers
- Dynapower: US-based PCS and BESS specialist and Newen's technology partner. Directly comparable as a bi-directional inverter and energy storage integrator serving utility, military, and hydrogen markets; the technology relationship makes Dynapower both a partner and a partial competitor in global markets.
- Fluence Energy: Global BESS integrator with utility-scale and C&I offerings, including the Mosaic OS platform for fleet management. Directly comparable to Newen as a vertically integrated BESS solutions provider targeting utilities, IPPs, and C&I customers with PCS + EMS + containerized delivery.
- Ingeteam: Spanish power electronics specialist with battery inverters, PV inverters, and BESS integration. Closely comparable to Newen on bi-directional PCS, grid-forming inverters, and EPC of utility-scale storage projects across Europe, Americas, and emerging markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Newen Systems Private Limited social profiles
Digital presenceNewen Systems Private Limited compliance and trust
Trust signalCompliance6 records
Newen Systems Private Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newen Systems Private Limited leadership team
Management profileNumber of profiles
Profiles8 records
Newen Systems Private Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newen Systems Private Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newen Systems Private Limited
What does Newen Systems Private Limited do?
Newen Systems designs, manufactures, and deploys Battery Energy Storage Systems (BESS) including bi-directional inverters (CPS and MPS Series), DC-DC converters (DPS Series), the NEEMS energy management software platform, ISO-certified energy storage containers, and high power chopper rectifiers. The company delivers complete stack solutions integrating proprietary power conversion systems with energy management software for utility-scale, commercial and industrial, microgrid, green hydrogen, and e-mobility applications across India and 65+ countries.
Is Newen Systems Private Limited a public or private company?
Newen Systems Private Limited is a private company. It is classified as venture growth investor backed and is currently operating.
When was Newen Systems Private Limited founded?
Newen Systems Private Limited was founded in 2016.
Where is Newen Systems Private Limited based?
Newen Systems Private Limited is headquartered in Vadodara, India, in the Asia region.
How does Newen Systems Private Limited make money?
Four revenue lines are on record. Hardware Sales - Bi-Directional Inverters and DC-DC Converters are the primary driver. The others are energy Storage Container Sales, pre-bid and Post-Award Engineering Services and BESS Project Delivery (OPEX Model).
Who are Newen Systems Private Limited's main competitors?
Broad incumbents on record are ABB, Schneider Electric, Sungrow, Tesla Energy (Megapack) and Hitachi Energy (formerly Hitachi ABB Power Grids). Regional players are Tata Power Solar Systems and Adani Energy Solutions. Direct peers are Dynapower, Fluence Energy and Ingeteam.
Does Newen Systems Private Limited have an API?
No public API is recorded for Newen Systems Private Limited.
What industry is Newen Systems Private Limited in?
Newen Systems Private Limited's product category is Energy Storage Solutions. Its primary akta.pro industry code is IMAGAHAD, Stationary Energy Storage Systems (BESS/ESS Integrators), with a secondary code of IMAGAHAE, Power Conversion Systems for Storage & Charging (PCS, bidirectional inverters, DC/DC). Its NAICS code is 33591 and its SIC code is 3600.