Utility Scale Storage

Pace Digitek has secured supply, EPC, and operation and maintenance (O&M) contracts from Damodar Valley Corp. for a 250 MW/500 MWh battery energy storage system (BESS) project at Maithon.

A new report by ICRA says that the thermal power sector in India is witnessing a revived investment emphasis, even as the renewable capacity continue to surge. Thermal power acts as a reliable base-load supply, aiding grid stability amid expectations of power demand growth.

LICO Materials has committed to invest INR 240 crore in its Karnataka facility that will produce battery-grade critical minerals from end-of-life lithium-ion batteries. The project qualifies for a 20% capital expenditure (CapEx) subsidy and a multi-year operational expenditure (OpEx) subsidy linked to incremental commercial sales through FY 2030-31.

The new policy has already applied, and impacts billions in funding from the European Investment Bank on renewable projects including standalone and co-located storage.

A new report by the International Renewable Energy Agency (IRENA) finds that round‑the‑clock solar and wind paired with battery storage deliver power at lower cost than new fossil fuel generation in high‑quality resource regions.

SPML Infra has secured an INR 1,128 crore ($120 million) contract to develop a 1 GWh battery energy storage system (BESS) at NTPC Ltd’s Barauni Thermal Power Station in Bihar, marking its first large-scale BESS project.

Escalating Middle East tensions and global energy supply risks are accelerating Europe’s shift toward solar and storage, particularly in commercial, industrial, and utility-scale segments where energy security, resilience, and price stability are becoming central investment drivers. At the same time, expanding manufacturing capacity in China and India is redirecting surplus solar and storage supply toward Europe, creating a highly competitive and increasingly selective market where long-term success depends on quality, reliability, ESG alignment, and strategic market positioning.

Pratap Technocrats has secured a contract from NTPC to deploy 570 MWh of battery energy storage systems (BESS) at its super thermal power plants in Madhya Pradesh.

NTPC Ltd has declared the commercial operation of 100 MW out of the total 176 MW solar PV project in Ramagundam, Telangana. In a separate development, ACME Solar has commissioned a 33.333 MW/160.480 MWh battery energy storage system (BESS) project at Badi Sid village in Rajasthan.

While a significant share of state-run energy firms’ current fossil fuel capital expenditure is tied to ongoing projects, new and incremental investments can be progressively rebalanced toward clean energy, says Deepak Sharma, a consultant at the International Institute for Sustainable Development.