Energy Storage News•about 12 hours ago
Torrent Power picks L&T to build India’s largest pumped hydro storage facility
Key Takeaway
This 3GW PHES project marks a substantial investment in long-duration energy storage in India, offering critical grid stability and renewable integration capabilities for developers and large power consumers.
AI Summary
- •Torrent Power has initiated India's largest 3GW pumped hydro storage (PHES) project in Maharashtra, contracting L&T for construction.
- •This significant long-duration storage asset will enhance grid stability, support large-scale renewable integration, and likely influence peak power pricing and ancillary service markets.
- •The project signals a major commitment to grid modernization and decarbonization efforts in India, potentially indicating favorable policy and financing environments for similar large-scale storage developments.
Topics
capacity-marketfinancingoempolicystoragetransmission