Gensol Engineering Ltd, a solar EPC services and electric mobility solutions provider, has secured 70 MW/140 MWh out of the 250 MW/500 MWh standalone battery energy storage systems (BESS) project tendered by Gujarat Urja Vikas Nigam Ltd (GUVNL). It won the capacity through tariff-based competitive bidding and will develop the project to provide energy storage capacity to GUVNL on an on-demand basis.
The project, once commissioned, will provide electricity on an “on-demand” basis to Gujarat State’s electricity distribution companies (DISCOMs) during the peak and off-peak hours. The project will deliver 70 MW/140 MWh energy for two charge/discharge cycles a day. It will contribute INR 450 crore ($54.37 million) to Gensol’s revenue over the period of the contract.
Battery energy storage has been increasingly deployed globally for renewables integration and managing uncertainty in the electricity grid. Gensol stated it will provide state-of-the-art energy storage solutions integrated with advanced energy management systems while meeting stringent availability and efficiency performance metrics.
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