India-based solar module manufacturer Waaree Energies is expanding its manufacturing footprint and localising supply chains in the United States. According to Chief Financial Officer Abhishek Pareek, the move is designed to capture the growing power demand driven by data centres.
NEW DELHI: Waaree Energies, India's leading solar module manufacturer, is scaling up its manufacturing operations and increasing local sourcing within the United States market.
The strategic expansion is aimed at meeting the surging electricity demand generated by the rapid growth of data centres, according to Abhishek Pareek, Chief Financial Officer of Waaree Energies.
As global technological infrastructure expands, energy requirements for data centres have risen significantly. By bolstering its local manufacturing and supply chain capabilities in the US, the company positions itself to directly serve this growing segment of power consumers.
Waaree Energies continues to monitor market developments as it builds out its operational presence in the region to support the energy transition requirements of large-scale infrastructure projects.
"The decision by Waaree Energies to scale up manufacturing and localise supplies in the United States highlights a crucial trend in global energy infrastructure. As data centres expand rapidly to support technological growth, their massive power requirements create immediate demand for reliable renewable energy sources. Localising supply chains helps companies navigate regulatory landscapes and logistics challenges while directly serving high-growth energy markets." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
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