Sterlite Power has submitted bids for two battery energy storage projects, with a cumulative capacity of 400 MW, in the recently concluded auction of Salt River Project utility in Arizona, USA.
This marks the foray of Sterlite Power into grid-connected battery energy storage systems.
Commenting on the development, Pratik Agarwal, Group CEO, Sterlite Power, said, “Battery energy storage systems are critical to realize the renewable revolution, underway across the world, in a reliable manner. With their costs falling rapidly, we believe that these systems would form an integral part of grid planning and buildouts going forward. Our foray into grid-connected battery storage will allow us to stay ahead of this technology’s adoption.”
Grid-connected battery energy storage systems are rapidly achieving commercially viability for utilities around the world as total system costs have dropped around 60% over the last five years.
As grids integrate a greater share of renewables in their footprints, battery energy storage system solutions are needed for a seamless and reliable transition. These systems provide critical services like peak load shaving, energy and ancillary services that will be increasingly needed in a renewable-heavy grid.
Battery energy storage systems are one of the easiest systems to operate, which makes them attractive to grid operators. In addition to operational flexibility, the net negative emissions of these systems is a huge factor, aiding their adoption. Given the experience Sterlite Power has in commissioning and operating transmission grids, the company understands that battery energy storage system solutions are inevitable for grids across the world.
Sterlite Power has power transmission infrastructure projects of over 12,500 circuit km and 20,500 MVA capacity in India and Brazil. With a portfolio of power conductors and cables, it also offers solutions for upgrading, uprating and strengthening existing networks.