ReNew Power to address storage market barriers with Stanford University
India’s ReNew Power has partnered with the Precourt Institute for Energy at Stanford University to address challenges hindering the development and operation of grid-scale energy storage systems across India.
The company will join the university’s StorageX initiative designed to bring together academia, industry and government agencies together for research, development and adoption of innovative energy storage technologies and business cases.
ReNew Power will participate in StorageX through the Stanford Energy Corporate Affiliate (SECA) programme. This will enable the energy company to have access to world-class research and opportunities for collaboration on research, education and training. Emphasis will be put on grid-level battery usage and performance in India, energy storage optimisation, and how storage can be used to address renewable energy fluctuations.
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Energy storage will enable the renewable energy company to fully leverage its clean energy base, meet growing energy demand, and align operations with changing business models.
The CEO of ReNew Power, Sumant Sinha, said: “The collaboration with Stanford’s StorageX Initiative will broaden ReNew’s field of vision and help us in recognising promising new technologies quickly. Reliable renewable power generation in India is critical to meeting the government’s goal of putting 450 gigawatts of renewable power online by 2030.
“ReNew is proud to work with Stanford’s Precourt Institute for Energy in ensuring that economical and efficient energy storage technologies become critical in reducing the intermittency of renewable power in countries around the world.”
The collaboration follows ReNew Power winning a tender in India’s first auction for renewable power generation combined with energy storage to develop 300MW for the Solar Energy Corporation of India.
Additionally, ReNew has also won a tender to provide 400MW of “Round-the-Clock” power, through renewable sources. This tender, held in May 2020, was India’s first to require “Round-the-Clock” reliable power generation from renewable sources. This project will use a combination of wind and solar renewable generation assets, along with storage technology, to provide annual capacity utilisation of 80% – approximately double that of regular renewable energy generation projects.
