Storage Bulletin Jul'19
Storage Bulletin Jul'19
Storage Bulletin Jul'19
Electric Vehicles
Hawaiian
1378
Electric
New York
1240
Con Edison
India
60
Lakshadweep
MWh
Opportunity
Page 2
Pipeline & Updates
2 USA Puerto Rico IRP Solar + Storage 1104 920/3680 BOOM - Dec-24
16th
2 India Madhya Pradesh Energy Storage EoI 600 500/4000 - -
Aug’19
6 USA New York Con Edison Energy Storage 372 310/1240 BOOM Oct’19 Dec-22
5th
8 India SECI Lakshadweep Floating Solar plus Storage 28 20/60 EPC Jan-21
Aug’19
RA = Resource Adequacy
CBIP organized a 2 days conference on Energy Storage. It covered a large range of topics relating to
BESS and Pumped Storage. The stakeholders were government bodies like CEA, CERC, POSOCO, MoP
etc. along with State electricity board and PSUs like BHEL, Powergrid. The broad topics of
discussion were: Need for Energy Storage, Applications of Energy Storage, Technologies of Energy
Storage, Business Models, Need for policy and regulatory framework. Along with BESS, PSPs was also
discussed at length with the need to revive existing/under construction pumped storage projects.
At the end of conference way forward & policy recommendation conclusion was prepared which the
CBIP team will send to various ministries. We played a pivotal role in the conference by helping
CBIP team with the Base paper and concluding paper. Along with this, we also presented 2 papers
and participated in panel discussion on storage as transmission asset.
Team met with EE Mahatransco and submitted draft report on 50MW BESS for Mumbai. The CE & EE
will go through the draft report and give their feedback. Meanwhile, we have requested
Mahatrasnco for peak- off peak pricing data to improve our storage need assessment We have also
submitted the draft concept paper to GETCO for review and feedback.
Market News & Page 4
Policy Updates
New York utility issues draft RFP for 310 MW/1240 MWh Scheduling & dispatch rights
for bulk-connected energy storage
• The project is a built own maintain model with fixed annuity payment ($/year). The COD of the
project is Dec-2022 and contract term of 7 years.
• The developer is responsible for Land & Permitting, Interconnection and O&M. The bid
submission date is 1st Oct’19
BASF enters energy storage market with NGK NAS battery partnership
• BASF is using NGK Insulators’ sodium sulfur batteries as its entry point into the energy market
• NAS batteries are thought to be more expensive upfront than lithium-ion but can provide those
longer durations of storage that lithium cannot easily do.
World Bank to Lend $300 Million to China for Battery Storage and Renewables
Promotion
• This project will help accelerate the ongoing clean energy transition in China and contribute to
the country’s emission reduction targets and will also reduce the curtailment of renewable
energy capacity.
• This project is part of the World Bank Group’s September 2018 commitment to significantly
increase support to battery storage solutions globally through a $1 billion battery storage
investment program.
NV Energy to add 1.2 GW solar, 2.3 GWh storage as large customer dash slows
• NV Energy will add 1,200 MW of solar and 560 MW of battery storage by the end of 2023
• Under state legislation passed in April, NV Energy and any power provider in the state that
provides 1 million MWh or more of power has to generate 50% of its power from renewable
resources by 2030 and 100% from carbon-free sources by 2050.
Puerto Rico unveils plan to install 920 MW of battery storage from 2019 to 2022
• In the plan’s first five years, the proposed IRP states that the island should add 1,800 megawatts
of solar PV and 920 megawatts of energy storage
Market News & Page 5
Policy Updates