Winning bid price for energy storage system equipment

About Winning bid price for energy storage system equipment

According to a bidding portal seen by Energy-Storage.news, JSW won with a bid of INR1,083,500 (US$13,590) per MW.

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5 FAQs about [Winning bid price for energy storage system equipment]

Should project developers buy energy storage systems?

It’s no secret that many project developers purchase energy storage systems only to meet the mandatory integration policy. These developers are hungry for low-cost storage products on the market with little care about the quality and performance, as they know those systems may never be used.

How are Chinese and Western companies improving energy storage systems?

While Chinese players are competing on price, Western companies are focusing on improving the safety, availability and performance of energy storage systems. This is being achieved by enhancing software expertise and upgrading system designs.

How long does it take to complete a battery energy storage project?

The projects must be completed within 18 months from the effective date of the battery energy storage purchase agreement (BESPA). The power rating of the project capacity of 500 MWh (250 MW x 2 hours) BESS will be 250 MW, i.e., the maximum value of the active output and input power at the delivery point.

How much did JSW Energy charge for a Bess project?

The tariff quoted in the auction was 58.43% lower than the ₹1.08 million (~$13,045)/MW/month quoted by JSW Energy for the Solar Energy Corporation of India’s auction to set up 500 MW/1,000 MWh BESS projects in August 2022.

What is the downstream segment of energy storage?

The downstream segment is dominated by mainly state-owned enterprises (SOEs) that provide energy storage applications on the power generation, grid, and user sides, such as State Grid, Energy China and CHN Energy.