GoodEnough Energy is planning a battery energy storage systems (BESS) gigafactory for grid stability with an initial capacity of 7 GWh. At full scale, the factory will have 20 GWh capacity by 2026. In its endeavour to create a fully integrated ecosystem, the gigafactory will produce advanced BESS, empowering various industries to reduce carbon emissions. The company has committed a total investment of over Rs 4.5 billion for the gigafactory. The project will lead to reduction of over 5 million tonnes of CO2 emissions per year. The gigafactory is expected to create job opportunities for over 100 SMEs as vendors and suppliers and will boost job generation in the J&K region.
Recently, in March 2024, results for Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop pilot projects of 250 MW/ 500 MWh standalone battery energy storage systems (BESS) projects, phase II, were announced. The tender was issued in November 2023. The projects will be set up in Gujarat as a part of tariff based global competitive bidding. Gensol Engineering has won 70 MW/ 140 MWh by quoting Rs 448,996 per MW per month. While, Indigrid 2 has won 180 MW/ 360 MWh by quoting Rs 449,996 per MW per month.
Recently, the union minister for power and new and renewable energy established the framework for implementing the viability gap funding programme, aimed at developing BESS with a capacity of 4,000 MWh. The minister emphasised the decline in the cost of BESS in recent years. He also expressed the government’s commitment to promoting the establishment of BESS capacity to meet the rapidly increasing demands for power and facilitate the transition to clean energy. The minister pointed out a potential scenario in the future where excess solar energy is generated during the day and surplus wind energy in the evening, emphasising the need for an efficient storage system to harness and utilise this energy. Acknowledging the government’s role in creating supportive frameworks for investments, the minister expressed the desire for the system to be implemented effectively, ensuring energy availability during peak times of the day and year.
