ConnectM awarded first Home and Building Electrification project in India

ConnectM (CNTM) has been awarded its first Home and Building Electrification – HBE – project in India through a strategic partnership with Zenith Energy Services. The project, the first of many expected installations, was commissioned by Bharat Coking Coal, a subsidiary of the $28B market cap Coal India, and involves installations totaling 1.88 MW of rooftop solar in Belgaria Township, Jharkhand. Valued at approximately $725K, this initial contract is scheduled for completion within three months and marks ConnectM’s official entry into India’s distributed renewable energy market. ConnectM will deploy its proprietary Energy Intelligence Network, Omnichannel Marketplace, and AI-powered electrification platform to manage engineering design, procurement, vendor management, construction supervision, and equipment commissioning. In tandem with the project execution, ConnectM India will co-develop IoT-enabled solar monitoring and analytics systems in collaboration with local R&D partners. This project marks the company’s formal entry into the Indian market. The rapid deployment timeline positions the project to contribute near-term revenue as early as Q2.