Hero Future Energies wins KSEB’s bid for energy storage plant

Hero Future Energies (HFE) has been selected as a successful bidder in the Kerala State Electricity Board’s (KSEB) tender for construction of 10 MW/20 MWh grid-connected energy storage plant in the state. According to the tender, KSEB will be accountable for leasing land in its substation for the project’s setup. HFE will be given 15 months from the date of signing agreement to commission the project.

HFE was incorporated in 2012 and is an independent power producer with functional plants in the sectors of wind, grid-connected solar and rooftop solar. The company is optimistic about building a robust portfolio of 5 GW by 2024.

In January 2022, Hero Electric partnered with the Mahindra & Mahindra Group (M&M) to promote electric vehicle mobility. As part of the agreement, M&M will produce Hero Electric’s Optima and NYX electric vehicles at its Pithampur plant. The transaction is expected to be worth Rs 1.4-1.5 billion over the contract period of 5 years.

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