Fluence is forming a new company with independent power producer (IPP) ReNew Power, aimed at providing energy storage solutions in India.
Energy storage technology provider Fluence, which also offers digital asset management and energy trading software for the renewable energy sector, delivered the country’s first operational grid-scale energy storage system, a 10MW lithium-ion battery energy storage system (BESS) inaugurated in 2019.
While that remains one of only a small handful of mostly distributed projects across India, a boom in installations is forecasted for the coming years and the JV, which will be 50:50 owned by Fluence and ReNew Power and expected to be up and running in the second half of this year, is targeting that potential.
The first project the pair will work on will be Fluence’s supply of a 150MWh BESS for a 300MW Peak Power project in the Indian state of Karnataka. ReNew Power won a government tender for the project, which hybridises solar, wind and battery storage to supply power to the grid at peak times.