Technology

Sterlite Power bids for two battery energy storage projects in the US

Sterlite Power Thursday said it has deposited bids for two storage projects in the recently concluded auction of Salt River Project utility in Arizona, USA.

Bids have been deposited for a cumulative capacity of 400 megawatts (MW).

“This marks the first foray of Sterlite Power into grid-connected battery energy storage systems (BESS),” the company stated in a statement.

Grid-connected BESS are rapidly getting commercially viability for utilities around the world as total system costs have dropped approximately 60 percent over the last 5 years, the company added.

Pratik Agarwal, Group CEO, Sterlite Power stated BESS would form an integral part of grid planning and buildouts going forward.

“Our foray into grid-connected battery storage will permit us to stay ahead of this technology’s adoption and continue to empower humanity by providing reliable access to power,” he added.

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