Powin Energy and O2 Power join forces in Indian energy storage market

　　Oregon-based US-based battery energy storage system (BESS) integrator and  manufacturer Powin Energy is making a foray into the Indian energy storage  market. Danny Lu, executive vice president of the company, said recently that it  has formed a partnership with Indian renewable energy platform developer O2  Power and may seek to develop energy storage-related manufacturing operations in  India.

　　Founded in 2019, O2 Power has won a contract for 1.8GW of renewable energy  deployment, with financial support from two investment companies, EQT  Infrastructure in Sweden and Temasek in Singapore.

　　(Centipede modular battery energy storage system developed by Powin  Energy)

　　Meanwhile, Powin Energy has a contract pipeline of more than 6GWh of  battery storage projects globally, with a major focus on its U.S. market. The  company designs, manufactures and integrates systems using lithium batteries  from Tier 1 suppliers, and last year launched its latest modular battery energy  storage solution, the Centipede platform, which can integrate Powin Stack750E  modular energy storage systems of over 200MWh Deployed on an acre of land.

　　While India only deployed its first grid-scale battery storage system pilot  project in 2019, the Indian government has made clear its support for storage  deployment and its role in the country's energy sector, with a goal of deploying  500GW of wind by 2030 Power generation and solar power facilities.

　　Danny Lu said. "India is a very large market, but there are also a lot of  unique things, and we need local partners to really solve the problems we  face."

　　Peeyush Mohit, COO and President of O2 Power, said that to date, India has  deployed more than 100GW of renewable energy, and plans to reach 500GW by 2030.  play a key role in the power grid.

　　According to the Indian Energy Storage Alliance (IESA), only about 85MWh of  grid-connected battery energy storage systems have come online or are being  deployed in India so far, but it has a planned pipeline of 4.6GWh projects,  including 3.3GWh of tenders and 1.2GWh of announced winning bids. project.

　　Danny Lu said, “India is currently conducting a large number of energy  storage tenders, including the Solar Energy Corporation of India (SECI)  tendering for a 500MW/1000MWh energy storage system, and the State-owned Power  Corporation of India (NTPC) tendering for a total of 500MW/3000MWh energy  storage projects, all of which are hyperscale energy storage projects that we  must do our best to win.

　　India's huge population means it is extremely hungry for energy, which has  led to a very strong growth in India's renewable energy market, and also brought  huge demand for lithium battery energy storage systems. SES Power has many  Indian partners, and we provide them with high-quality customized lithium-ion  batteries, such as 12V100Ah, 12V200Ah, 24V100Ah, 24V200Ah, 36V100Ah, 48V50Ah,  48V100Ah using lithium iron phosphate square aluminum lithium batteries, for  family Energy storage system HESS (3KW inverter output). However, cost is an  inescapable proposition. SES Power insists on reducing costs at the expense of  safety. We usually use the price advantage of echelon batteries to fully satisfy  customers who are picky about prices on the basis of guaranteed performance.

　　Powin Energy's role is to support O2 Power in sizing and designing these  projects, potentially implementing local manufacturing in India, and supporting  the Indian market at competitive prices, providing support for commissioning  energy storage systems and long-term operation and maintenance. "

　　He said one of the most exciting things about the partnership with O2 Power  is that the company has a well-established service department in India that can  train to service, install and commission Powin Energy's energy storage systems  and become Its sole service provider in India.

　　In addition to stimulating industry growth through tender deployment and  tweaking the regulatory framework, the Indian government is also looking to  support upstream manufacturing, most recently providing incentives and support  for a 50GWh Advanced Chemical Cell (ACC) battery factory.

　　For energy storage system integrator Powin Energy, its battery products can  be purchased and assembled in India.

　　Danny Lu said, "The whole process has given us more discipline in how we  design our products: standard operating procedures, quality control  plans...everything needs to be very committed and there are no grey areas. It  has to make sure they know exactly how to produce and quality check the product.  This will significantly speed up the production process of our products in other  parts of the world. We want to have as many options as possible. Given all the  events that are currently happening, we want to maintain as much flexibility as  possible in where our products are manufactured. One reason is that in terms of  logistics, another reason is to optimize tariffs, and also to be close to where  the market demand is.”

　　Other international players that have achieved success in the Indian market  include GE Renewable Energy, which opened a factory in Chennai earlier this year  to manufacture renewable energy and related equipment such as solar inverters  and integrated battery energy storage solutions.