· Investment to support India’s COP 21 commitment of generating 175GW from renewable energy by 2022
· Partnership to support e-mobility mission of Government of India
· The 28 MW / 14 MWh battery storage system is one of the largest in North America
LONDON/ YVERDON LES BAINS, Switzerland: EPAL, a joint venture between Indian state-owned Energy Efficiency Services Limited (EESL) and UK-based EnergyPro Limited (EP), is partnering with leading battery storage solutions provider Leclanché, starting with the investment of ~INR 78 crores in a previously announced and nearly completed advanced battery storage project in Ontario, Canada, known as Basin 1 and 2. The high-quality project, built and owned by Leclanché and development partner Deltro Energy, is the first utility scale energy storage facility designed to balance the Ontario power grid, with a total investment of approximately INR 162.5 crores.
The battery storage project will provide services to the Independent Energy Systems Operator (IESO) that oversees and manages the power grid of the province of Ontario, and is interconnected to Toronto Hydro, the largest municipal electricity distribution company in Canada. The Ontario power supply has shifted heavily towards intermittent power sources over the past three years creating additional grid management challenges for the IESO. The lithium battery storage project will improve stability on Canada’s largest transmission grid by managing unbalanced supply-demand situations.
The partnership has strategic importance from India’s perspective as its government has set a target of achieving 175GW of renewable energy by the year 2022, equivalent to 40 per cent of the country’s energy supply, up from 12 per cent now. This was a part of India’s commitment during COP21. To achieve this target, India’s energy supply will be dependent on intermittent power sources and ancillary services will be required to stabilise the grid. Battery storage will help achieve stabilisation, supply power to charging stations and reduce the substantial Unscheduled Interchange (UI) charges payable by the country’s utilities and states (around ~INR 3000 crores annually).
Speaking on the occasion, Ambassador Mr. Dinesh K. Patnaik, Acting High Commissioner of India to UK, said, “This partnership marks the beginning of a significant development in the energy efficiency sector. With the ever-increasing energy consumption, technologies like battery storage will go hand in hand with efficiency to balance supply and demand. I am very hopeful that EPAL, with its excellent track record in driving the UJALA (UK Joins Affordable LEDs for All) initiative, will bring a revolution in the market with its advancement into battery storage projects.”
Mr Saurabh Kumar, Managing Director, EESL, and Chairman of subsidiary EPAL, said, “We are delighted to partner with Leclanché. It has been our constant endeavor to make future-ready technology solutions accessible. With a focus on long, low-carbon initiatives globally, we have partnered with the world’s leading battery storage solution provider. We are confident that this partnership will help bring a new era of clean energy solutions for the world.”
“Working together with EESL on this project has highlighted some unique synergies between the companies,” said Anil Srivastava, Leclanché CEO. “We are exploring many additional ways to integrate Leclanché’s advanced lithium battery solutions into stationary storage systems as well as new mobility applications such as EV charging stations, full-electric buses and urban transportation systems.”
“At EnergyPro we are excited to be working with our JV partner EESL and Leclanché on this significant utility scale energy storage project. We see it as a first step to deploying energy storage solutions at a range of scales, something that will be essential to the energy transition in all economies,” said Steven Fawkes, Managing Partner at EnergyPro Limited.
The Indian government recently launched an ambitious investment programme in new energy, both domestically and overseas, of which the investment in the Leclanché and Deltro Project forms a part. The domestic plans are driven by the government’s target of increasing the contribution of renewables to the country’s energy supply. As part of this, the government has mandated that by 2030 all vehicles on its roads will be electric – the most aggressive such target in the world. Battery storage helps stabilise grids, which is a challenge as they become increasingly dependent on intermittent renewable energy sources. Storage also reduces the operational costs of grids and defers and reduces future infrastructure costs.
Integral to its global programme, in May 2017, the Indian government announced that it would invest INR 132 crores in clean energy initiatives in the UK’s public and private sectors through EPAL. To date, EPAL’s UK initiatives include an affordable LED lighting scheme (UJALA), targeted at social housing associations in London, and the acquisition of two energy savings companies serving seven clients in education and leisure.
The global energy storage markets continue to experience very high growth. According to Navigant Research, in the four years to 2020 utility-scale generation and micro grids will experience a Combined Annual Growth Rate (CAGR) of 48 per cent; commercial and industrial battery systems, 58 per cent CAGR; and eTransport, 37 per cent CAGR.
Panitek Power AG, headquartered in Switzerland, was the investment adviser on the transaction.
Your email address will not be published. Required fields are marked *
ATA International Women’s Day 2018 in New Jersey-USA
FORMER MISS INDIA NAVNEET KAUR DHILLON’S NEXT BOLLYWOOD FILM – AMAVAS
2014 The Global Indian New Network (TGINN)