India’s one of the largest renewable energy independent power producers ReNew Energy Global Plc has announced a collaboration with a U.S based firm to develop the energy storage batteries in the country.
In a statement issued by ReNew, the firm highlighted that they are planning to boost the South Asian Country’s emerging energy-storage market by developing efficient batteries with the help of Arlington, Virginia-based Fluence Energy Inc. These batteries are capable of storing the power produced by renewable sources such as solar and wind and help in maintaining the continuous flow of clean power.
The statement also pointed out that both the firms are committed to promoting India’s renewable energy goals and meeting the net-zero targets. India’s total energy storage market is expected to spike up to 108-gigawatt hours by 2030 which is currently just a few megawatt-hours, companies added.
Manuel Perez Dubuc, Fluence Inc’ CEO said that they will be supporting India’s climate change goals in a capital-efficient manner by localizing our products to align with specific market needs.
Fluence will supply a 150 megawatt-hour renewable energy storage system for the 300 megawatt-hours project in Karnataka. The partners are also planning to produce the storage solutions in hydrogen and pumped hydro plants which are expected to be integrated by the year 2030.