The 500 MW tender supports India’s renewable energy goals and features advanced technology that generates steam through heat to power turbines.
In a recent event organised by the India Energy Storage Alliance (IESA) in Delhi, various dignitaries showcased Indian innovations to the international battery and energy storage community. The state-run Solar Energy Corporation of India (SECI), under the Ministry of New and Renewable Energy, proposes a plan to float a tender for a concentrated solar thermal power storage project with a capacity of 500 megawatts (MW) by the end of this financial year.
The move comes amidst the government’s increased focus on the country’s energy storage capacity to address the intermittency issue of renewable energy sources. The projects under the 500 MW tender will use advanced technology where steam is generated through heat and helps run turbines. The projects might need incentives at the beginning stages. However, the details of the tender are yet to be finalized.
Jishnu Barua, Chairperson of the Central Electricity Regulatory Commission, underscores the pivotal role of energy storage in stabilizing the grid, enhancing reliability, and optimizing the use of renewable energy. He notes that a lot of new developments are taking place and prices are bound to come down, further highlighting the potential benefits of this technology.
Rahul Walawalkar, President & MD of CES India and President of the India Energy Storage Alliance stresses the need to prioritize safety and advance economically, environmentally, and safely. He advocates for a shift in focus from low prices to responsible growth, highlighting the industry’s need for a sustainable approach.
