Asia’s largest grid-scale energy storage project has been launched at Tata Power-Delhi Distribution’s Rohini substation.
India need a clear policy around energy storage to achieve its ambitious goal of 175 GW of renewables, said top executives of US-based AES Corporation and Fluence Energy.
A stable policy on energy storage may help bring in investments in India’s renewable sector which could be at least a $15 billion market, they told ET.
Setting targets for adding storage capacity will help the localisation of technology where India can emerge as a supplier for South Asia, they added.
Speaking to the daily, AES President Andres Gluski noted that while India has a goal of putting a lot of renewables on the grid, it needs energy storage to make sure that the grid can take that amount of renewables.
It may be noted that Gluski, also a member of the India-US CEO Forum, had taken up the case of energy storage with Prime Minister Narendra Modi during his visit to Washington last year.
Stephen Coughlin, Chief Executive of Fluence Energy, added that energy storage is most successful when there is a government policy.
“Eventually, a lot of production has to be localised for India. But to set up a supply chain, you need to know that there is a certain demand,” he was quoted as saying.
Delhi houses Asia’s largest grid-scale energy storage project
The CEOs announced the launch of what they claim to be Asia’s largest grid-scale energy storage project in Delhi. The 10-Megawatt (MW) energy storage system, owned by AES and Mitsubishi Corporation, has been installed at Tata Power-Delhi Distribution’s Rohini substation.
The project is expected to provide grid stabilization, better peak load management, add system flexibility, enhance reliability and protect critical facilities for 2 million consumers served by Tata Power-DDL.
The companies are looking at this project as a means to open up the market here.
Fluence Energy is a storage technology solutions provider formed under the partnership of AES and Siemens. It has deployed solutions in 18 countries.
