Sterlite Power Thursday said it has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility in Arizona, USA. Bids have been submitted for a cumulative capacity of 400 mega watt (MW).
“This marks the first foray of Sterlite Power into grid connected battery energy storage systems (BESS),” the company said in a statement.
Grid connected BESS are rapidly achieving commercially viability for utilities around the world as total system costs have dropped approximately 60 per cent over the last 5 years, the company added.
Pratik Agarwal, Group CEO, Sterlite Power said BESS would form an integral part of grid planning and buildouts going forward. Read More