Sterlite Power submits bids for two storage projects in SRP auction

Sterlite Power has submitted bids for two storage projects in the recently concluded auction of the Salt River Project (SRP) in Arizona, USA. The bids are submitted for a cumulative capacity of 400 MW. The solution provides for the utility’s capacity and energy needs, including ancillary services. This is Sterlite Power’s first foray into grid-connected battery energy storage systems (BESS). Grid-connected BESSs are rapidly achieving commercial viability for utilities around the world as total system costs have dropped by 60 per cent over the past five years.

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