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.