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Private Sector | Multi State - India | PID: 203011
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JSW Energy has commenced construction work on the 1.0 GWh battery energy storage project (BESS) project awarded by SECI. The project consists of two installations, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle. It is expected to be commissioned by June 2025.
The project, represents a crucial advancement in enhancing grid stability will be developed under a build-own-operate-transfer (BOOT) mode, and would be transferred after 12 years. JSW Energy has made progress in its journey towards becoming ‘Energy products and services’ company in the area of sustainable energy solutions.
In the green hydrogen segment, the company has signed a seven-year green hydrogen supply agreement with JSW Steel for 3,800 tpa, along with associated green oxygen. The engineering work and ordering of equipment is completed, with commissioning expected in Q4/FY25. It has a capacity of 6,800 tpa allotted under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program by SECI.
Further, the company has entered into a memorandum of understanding (MoU) with JSW Steel to supply additional 85,000 to 90,000 tpa of green hydrogen, along with 7,20,000 tpa of green oxygen, progressively by 2030. JSW Energy has a total locked-in generation capacity of 13.3 GW, with 7.3 GW operational, 2.6 GW under-construction across wind, thermal and hydro and pipeline of 3.4 GW.
In addition, the company has 3.4 GWh of locked-in energy storage capacity through BESS and hydro pumped storage project, and aims to reach 20 GW in generation capacity and 40 GWh of energy storage capacity before 2030.
| Updated on: 14 - Jun - 2024
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