The company rightly recognizes that BESS solutions are set to form the inevitable part of the grids worldwide
Sterlite Power has recently announced that it has proposed contract bids for two storage projects in the latest auction brought to close by Salt River Project utility in Arizona in the United States. The bids have been reportedly submitted for a total capacity of over 400 MW (megawatts).
According to sources familiar with the matter, the move marks Sterlite Power’s first foray into grid connected BESS (battery energy storage systems).
The company revealed in a statement that the grid connected BESS are accomplishing commercial viability for energy utilities around the world as system costs have fallen to nearly 60% in the last five years.
Sterlite Power’s Group CEO, Pratik Agarwal, was quoted saying that BESS is likely to form an integral part of grid planning, arrangements, and buildouts going forward. He further said that the company’s foray into the grid connected battery storage sector will not only allow to stay ahead of this technology’s adoption but will also continue to empower humanity by offering reliable access to power.
As reported by Business Standard, BESS are amongst the easiest systems to operate, which increases its lure for grid operators. The net negative emission influence of these systems is also a huge factor that is aiding product adoption in addition to their operational flexibility. If industry experts are to be believed, Sterlite Power’s reliable experience of commissioning & operating transmission grids, the company rightly recognizes that BESS solutions are set to form the inevitable part of the grids worldwide.
For the record, Sterlite Power is a globally leading developer of power transmission units and infrastructure and has projects over 12,500 circuit kilometers and 20,500 MVA in India & Brazil. The company boasts an industry leading product portfolio of EHV cables, power conductors, and OPGW as well as provides trusted solutions for uprating, upgrading and reinforcing the existing grid networks.