February 15 (Renewables Now) - Indian power transmission developer Sterlite Power has submitted bids for two storage projects in an auction by utility Salt River Project in the US state of Arizona that has ended up with proposals totalling 400 MW.
The move marks Sterlite Power’s entry into the battery energy storage systems (BESS) market, the company said on Thursday.
The proposed BESS projects will support Salt River Project’s capacity and energy requirements. Ancillary services are also included.
Commenting on the BESS solutions, Pratik Agarwal, CEO of Sterlite Power, said: “With their costs falling rapidly, we believe that these systems would form an integral part of grid planning and buildouts going forward.”
Agarwal added that Sterlite Power’s foray into grid-connected battery storage will help the company “stay ahead of this technology's adoption." Apart from its home market, the Indian firm operates in Brazil, as well.