Mumbai, March 11 -- The project will be developed under a tariff-based global competitive bidding model to provide energy storage capacity to GUVNL in Gujarat on-demand basis.

After commissioning, the project will provide electricity on an "On-Demand" basis to Gujarat State's DISCOMs during the peak and off-peak hours. The project will deliver 70 MW/140 MWh energy for two charge/discharge cycles a day. The project will contribute Rs 450 crore to Gensol's revenue over the period of contract.

Battery energy storage has been increasingly deployed globally for renewables integration and managing uncertainty in the electricity grid. Gensol will provide energy storage solutions integrated with advanced energy management systems while meeting ...