Oriana Power is expanding its focus beyond battery energy storage to compact pumped storage solutions—a new generation of pumped-storage solutions, which, the company believes, could redefine the future of commercial and industrial (C&I) energy management.
“We are looking for pumped storage as well, and the good thing is that compact pump storage will come and gradually change the face of the industry. We are working on that technology too. It’s a technology shift underway,” said Anirudh Saraswat, Co-Founder & Chief Business Officer, Oriana Power.
“Oriana Power is evaluating compact pump storage as a new product for industrial customers such as cement companies with water bodies. Instead of batteries, we are looking at how those water bodies can be repurposed as energy storage reservoirs,” added Rupal Gupta, founder, managing director, and chief executive officer of Oriana Power. For compact pump storage, the company is exploring some potential sites among its existing C&I consumers.
BESS target raised to 20 GWh by 2030
Alongside the new pumped-storage initiative, Oriana Power has increased its 2030 target for battery energy storage system (BESS) deployment to about 20 GWh from 3.5 GWh to about 20 GWh, driven by an unexpectedly rapid expansion of its project pipeline.
“We have revised our target of BESS from 3.5 GWh to 20 GWh by 2030. We were targeting 300 MWh in our first year. Currently, with the pipeline which is about to close, we are already crossing somewhere around 2.8 GWh. So, the target we had set for 2030 is happening within a year, that’s why we revised our target,” said Gupta.
“I personally believe this 20 GWh is not a big number,” said Rupal Gupta. “After 1.5 or two years, we might have to revise it further upward. It’s too early to talk about the higher side, but this is very, very practically possible.”
Out of the 20 GWh BESS target, Oriana is aiming for 10 GWh through EPC, 5 GWh in build-own-operate mode, and 5 GWh in recycling-mode project development.
Oriana Power, a private-sector renewable power producer in India, focuses on utility-scale solar, battery storage, green hydrogen, and compressed biogas projects.
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