JSW Energy Begins Battery Storage Project, Enters Energy Storage Sector
JSW Energy announced the commencement of construction activities for its Battery Energy Storage Project (BESS), marking the company’s entry into the energy storage services sector. This initiative underscores JSW Energy’s commitment to integrating renewable energy sources and enhancing grid stability. The project is a significant step toward bolstering India’s renewable energy infrastructure.
Battery Energy Storage Systems (BESS) are pivotal in capturing energy from renewable sources like solar and wind, storing it, and releasing it as needed to maintain a reliable power supply. JSW Energy's project, awarded by the Solar Energy Corporation of India Limited (SECI), involves a 1.0 GWh battery storage system with two installations, each having a 500 MWh storage capacity designed for two-hour cycles. Expected to be operational by June 2025, the project will operate under a Build Own Operate and Transfer (BOOT) mechanism, transitioning ownership to the offtaker after 12 years.
In addition to its BESS initiative, JSW Energy is advancing into the green hydrogen sector, reflecting its broader strategy for sustainable energy solutions. The company is developing a commercial-scale green hydrogen project in India. Notably, JSW Energy has secured a seven-year green hydrogen supply agreement with JSW Steel Ltd for 3,800 tons per annum, including associated green oxygen. The detailed engineering and equipment procurement for this project are complete, with commissioning anticipated in the fourth quarter of 2024-25.
Furthermore, JSW Energy has been allotted a capacity of 6,800 tons per annum under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program by SECI. To support future expansion, a Memorandum of Understanding (MoU) has been signed with JSW Steel Ltd to supply an additional 85,000 to 90,000 tons per annum of green hydrogen and 720,000 tons per annum of green oxygen by 2030.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, emphasized the strategic importance of the BESS project, stating, “Our Battery Energy Storage System project represents a crucial advancement in enhancing grid stability and integrating renewable energy sources, further solidifying our leadership in innovative energy solutions”. This project, along with other initiatives, positions JSW Energy at the forefront of India’s transition to a sustainable energy future.
JSW Energy Ltd, a leading private sector power producer in India and part of the USD 23 billion JSW Group, currently has a total generation capacity of 13.3 GW. This includes 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro, and a pipeline of 3.4 GW. The company also has a locked-in energy storage capacity of 3.4 GWh through BESS and hydro-pumped storage projects. Looking ahead, JSW Energy aims to reach a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030, with an ambitious target of achieving carbon neutrality by 2050.
India’s broader energy strategy aligns with JSW Energy’s initiatives. At the COP26 summit in 2021, India committed to an ambitious 'Panchamrit' pledge, including reaching 500 GW of non-fossil electricity capacity, generating 50% of its energy from renewables, reducing emissions by 1 billion tonnes by 2030, and achieving net-zero emissions by 2070.
JSW Energy’s advancements in battery storage and green hydrogen projects are poised to contribute significantly to these national goals, reinforcing the company’s role in driving India’s transition toward a more sustainable and resilient energy ecosystem.
