Indian renewables giant ReNew Power and US-based battery technology developer Fluence plan to form a new company to serve the energy storage market in India, forecast by the country’s government to grow from several megawatts to 27GW/108GWh by 2030. The two companies provided few details about the joint venture (JV), set to become operational in June, beyond saying it will offer battery energy storage systems (BESS) to varied customers including engineering, procurement, and construction (EPC) and asset management companies. ReNew Power awarded the JV, which does not have a name yet, an initial order for a 150MWh BESS for its 300MW utility solar Peak Power Project in Pavagada, Karnataka. “India’s energy transition and its ambition to achieve net zero by 2070 calls for strong and rapid storage integration with the grid,” said ReNew Power CEO Sumant Sinha. “I expect it to set…
ReNew and Fluence wire-together to serve emerging India energy storage market
