Waaree Renewable Technologies Limited has been awarded a significant engineering, procurement, and construction (EPC) contract by Continuum Green Energy Limited in India.
This contract entails the development of a 40 MWh battery energy storage system (BESS) at wind-solar hybrid sites across Gujarat. The project’s estimated cost stands at Rs 400 million, a substantial financial commitment reflective of the growing recognition of energy storage as pivotal in the renewable sector.
The choice of lithium iron phosphate (LFP) based technology for this project is telling of its current dominance in battery storage solutions, particularly due to its superior thermal and chemical stability when compared to other lithium-ion variants. As the demand for resilient and efficient energy storage solutions continues to escalate, LFP’s adaptability and durability make it a fitting choice for large-scale applications such as this.
Executed under a Lump Sum Turnkey Project agreement, this battery storage system aims to enhance the efficiency and reliability of Gujarat’s renewable energy infrastructure. The integration into a single battery storage system will likely serve to mitigate the intermittency issues inherent to solar and wind energy, thereby ensuring a stable and continuous power supply for industrial consumers. This development is a strategic move aligned with Gujarat’s broader transition towards sustainable energy solutions.
This EPC contract fits within a wider context of energy innovation by Waaree, as earlier in February, the company began construction of an alkaline electrolyser manufacturing facility in Valsad, Gujarat. This facility, with an initial production capacity of 300 MW, underlines Waaree’s commitment to supporting industries such as steel and refining in their decarbonisation efforts.
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