New Delhi: State-owned power transmission utility Powergrid Corporation of India (PGCIL), is looking to ramp up focus on setting up energy storage projects and is identifying investment opportunities in this area. The idea is to benefit from the larger national ambition for renewable energy integration in the grid. India has a target of 500 GW non fossil fuel-based power capacity by 2030. This will require battery storage capacity of 27 GW or 108 GWHr, projected to be a part of the installed capacity in 2029-30.”Powergrid is naturally poised for investing in this area because we have connectivity with the grid and land availability too. We also have asset management experience. So, we have entered into this segment,” Powergrid’s Director-Operations R K Tyagi said, speaking at ETEnergyworld Smart Electricity Conclave.The company has already set up a pilot project on energy storage in…
Powergrid Corporation looking to ramp up investments in energy storage projects, Energy News, ET EnergyWorld
