Dr. Sasha Savic and Anand K Pandey sign the agreement. Credit: E2S Power
Swiss energy storage developer E2S Power solutions has signed a deal with utility India Power Corp for a long-duration 250 KWh pilot project.
The unit has been engineered, built, and tested at E2S Power facility in less than nine months, has passed factory tests and will be delivered to India in the first quarter of next year.
“Long duration energy storage is the need of the hour due to rapid growing renewable energy generation in overall energy mix and this solution is perfect match,” said Anand K Pandey, Head of Renewables and New Business at India Power Corp.
“This technology will also provide solution for meeting the requirement of flexibilization of thermal power plants. Through this pilot project in India we will showcase the real-time operation of the technology for easy and confident decision making by all the stakeholders.”
India Power Corp and E2S Power will work jointly with major companies in the power and renewable energy sector in India to identify, evaluate and offer optimized integrated thermal energy solutions for existing plants and facilities being phased out.
E2S Power chief executive, Dr Sasha Savic, saidIndia is “one of the most important energy markets in the world. The growth in renewable energy capacity and opportunity to utilize valuable existing power infrastructure are a perfect fit for thermal energy storage technology developed by our engineers.”
He added that new storage technologies will play a key role in achieving India’s renewable energy target of 500 GW by 2030.
