Dark
Light
Today: June 23, 2024
June 10, 2024

JSW Energy Begins Construction of Pioneering Battery Storage Project in Rajasthan

JSW Energy has embarked on a significant venture by commencing the construction of a 1 gigawatt hour (GWh) battery energy storage system project in Fatehgarh, Rajasthan. This groundbreaking project, recently secured from the Solar Energy Corporation of India Limited (SECI), marks a notable milestone in the company’s efforts to enhance renewable energy infrastructure and grid stability.

The innovative project is designed with two installations, each boasting a 500 megawatt-hour (MWh) storage capacity. These installations are configured to provide two hours of energy storage per cycle. Under a Build Own Operate and Transfer (BOOT) mechanism, JSW Energy will manage the project for 12 years before transferring it to the offtaker. The project is slated for completion by June 2025, representing a significant leap towards a more resilient and sustainable energy grid.

JSW Energy’s commitment to advancing renewable energy solutions is further underscored by its recent Memorandum of Understanding (MoU) with JSW Steel Ltd. This agreement outlines the provision of an additional 85,000-90,000 tonnes of green hydrogen annually, coupled with 720,000 tonnes per annum (TPA) of green oxygen by 2030. This initiative highlights the company’s strategic vision to support industrial decarbonization and sustainable energy practices.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, emphasized the importance of the battery energy storage project, stating, “Our Battery Energy Storage System project represents a crucial advancement in enhancing grid stability and integrating renewable energy sources.”

The project at Fatehgarh not only aims to bolster grid reliability but also aligns with India’s broader renewable energy goals. By facilitating the integration of renewable sources into the energy grid, the battery storage system will help mitigate the intermittency associated with solar and wind power. This capability is critical for maintaining a stable and reliable energy supply, particularly as India accelerates its transition towards cleaner energy.

Moreover, the collaboration between JSW Energy and JSW Steel Ltd. underlines a significant shift towards green energy solutions in industrial processes. The production of green hydrogen and oxygen will not only reduce the carbon footprint of steel manufacturing but also set a precedent for other industries to adopt sustainable practices.

JSW Energy’s proactive steps in developing cutting-edge energy storage solutions and fostering industrial partnerships exemplify the company’s leadership in the renewable energy sector. The Fatehgarh project, with its substantial storage capacity and strategic significance, is poised to become a cornerstone in India’s renewable energy landscape.

In conclusion, JSW Energy’s battery storage project in Rajasthan represents a forward-thinking approach to addressing the challenges of renewable energy integration and grid stability. With a clear timeline and a strategic framework in place, this initiative is set to make a substantial impact on India’s energy future, paving the way for more sustainable and resilient energy infrastructure

Read more Business related news on R9 News
Jhumpa Lahiri

Jhumpa Lahiri

At our news portal, we strive to be your go-to destination for staying informed about the latest developments, breaking news, and insightful analysis across a diverse range of topics. Whether you're interested in politics, technology, health, entertainment, or global affairs, we've got you covered with comprehensive coverage and in-depth reporting.

Previous Story

Sheikh Hasina Invites PM Modi to Bangladesh: A Renewed Commitment to Strengthen Bilateral Ties

Next Story

Real Estate Fraud Scandal: FIR Filed Against IREO Group and Oberoi Realty MDs

Latest from Blog

Go toTop

Don't Miss

IFC Commits $105 Million to Brookfield’s Bikaner Solar Power Project

The International Finance Corporation (IFC), the private sector financing arm

Bill Gates Commits Billions to Revolutionary Nuclear Power Project in Wyoming

Bill Gates, co-founder of Microsoft and prominent philanthropist, has announced