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Sterlite Power bids for two battery energy storage projects in US

Press Trust of India  |  New Delhi 

Thursday said it has submitted bids for two storage projects in the recently concluded of utility in Arizona, USA.

Bids have been submitted for a cumulative capacity of 400 mega watt (MW).

"This marks the first foray of into (BESS)," the company said in a statement.

Grid connected BESS are rapidly achieving commercially viability for utilities around the world as total system costs have dropped approximately 60 per cent over the last 5 years, the company added.

Pratik Agarwal, Group CEO, said BESS would form an integral part of grid planning and buildouts going forward.

"Our foray into grid connected battery storage will allow us to stay ahead of this technology's adoption and continue to empower humanity by providing reliable access to power," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 11:30 IST