Solarium Green Energy Limited (SGEL) has inked a significant 10-year technology transfer agreement with the Defence Research and Development Organisation (DRDO), marking a major milestone in sustainable energy solutions for high-altitude defense installations.

Key Highlights of the Agreement

• Technology Focus: The agreement centers on solar thermal space heating systems specifically designed for high-altitude defense shelters.
• Duration: The licensing agreement is valid for 10 years.
• Financial Terms: SGEL will pay ₹59,32,203.00 (excluding taxes) as a technology transfer fee.
• Market Scope: The license allows SGEL to manufacture in India and sell to Indian Armed Forces and other government agencies (both Central and State/UT).

Strategic Importance

The collaboration addresses a critical need in high-altitude regions like Ladakh, where severe cold conditions necessitate efficient and sustainable heating solutions. The solar thermal technology developed by DRDO's Defence Institute of High Altitude Research (DIHAR) in Leh has shown promising results:

• Tested over three consecutive winters (2022-2024)
• Successfully replaced diesel boiler-based heating systems
• Potential to significantly reduce reliance on fossil fuels in extreme environments

Technology Overview

The innovative system utilizes:

• Evacuated tube solar thermal collectors
• Thermic fluids and phase-change materials for heat storage and delivery
• Integrated heat pump as a backup for cloudy days

Competitive Edge for Solarium

With this agreement, Solarium Green Energy positions itself as one of the few companies with access to this specialized technology. The company anticipates:

• Receiving multiple projects in the Ladakh region
• Potential for scaling up as a separate business segment in the next 2-3 years

Expert Leadership

To spearhead this initiative, SGEL has brought on board Dr. Anshul Sachdeva, a Ph.D. holder from the National Institute of Technology, Kurukshetra. Dr. Sachdeva brings:

• 7 years of R&D experience in solar energy applications
• Three patents for solar energy-based products
• Collaborative project experience with DRDO, NISE, and ANRF-DST

Financial Outlook

While the immediate financial impact of this agreement is not specified, the strategic nature of the deal and the potential for government contracts suggest positive long-term implications for Solarium Green Energy's growth and market position.

Conclusion

This technology transfer agreement represents a significant step forward in sustainable energy solutions for defense applications in extreme environments. It not only showcases the innovative capabilities of Indian research institutions but also highlights the growing importance of private-public partnerships in addressing critical national needs through clean energy technologies.

Solarium Green Energy Limited , a leading player in India's rooftop solar segment, has announced its 3rd Annual General Meeting (AGM) to be held on September 5, 2025. The company plans to seek shareholder approval on several key matters, including an expansion of its Employee Stock Option Plan (ESOP) and increased borrowing limits.

ESOP Expansion and Ratification

The company is looking to ratify its Solarium Employee Stock Option Plan 2024 (ESOP-2024) and extend its benefits to employees of subsidiary companies. Notably, Solarium Green Energy proposes to increase the ESOP pool size from 3,00,000 to 8,00,000 options, reflecting its growth plans and need to attract and retain key talent. As of the notice date, 1,96,700 stock options have already been granted under the scheme.

Increased Borrowing Limits

Solarium Green Energy is seeking shareholder approval to authorize the Board to borrow up to Rs. 500.00 crore, exceeding the aggregate of the company's paid-up share capital, free reserves, and securities premium. This move aims to support the company's existing and future financial requirements for business operations and growth plans.

Financial Performance

For the financial year 2024-25, Solarium Green Energy reported strong growth:

The basic and diluted EPS stood at Rs. 11.65.

Operational Highlights

• Residential rooftop segment contributed 37% of total revenue
• Unexecuted order book of Rs. 120.00 crore and L1 status in projects worth Rs. 243.00 crore
• Expanded presence to over 105 cities for residential rooftop projects
• Executed over 13,900 projects between April 2021 and March 2025

Strategic Initiatives

Solarium Green Energy is setting up a 1 GW solar module manufacturing facility in Ahmedabad, expected to be operational by Q4 FY2025-26. This backward integration strategy aims to reduce input cost volatility and improve margins.

Additional AGM Agenda

The AGM will also consider:

• Re-appointment of Mr. Ankit Garg as a director liable to retire by rotation
• Re-appointment of M/s. Abhishek Kumar & Associates as statutory auditors for a term of four years

With these proposed resolutions, Solarium Green Energy appears to be positioning itself for continued growth in India's expanding solar energy market.