Haryana-based developer ReNew Power has collaborated with Stanford University’s Precourt Institute for Energy on its StorageX Initiative. StorageX is an academic-industry-government initiative that aims to solve the most pressing real-world challenges in battery storage by addressing gaps between academic and industrial R&D.
ReNew’s collaboration with StorageX will focus initially on challenges surrounding grid-level battery usage and performance in India, with an eye toward optimizing storage assets’ performance and ultimately driving stable and firm power delivery to the grid.
ReNew will participate in StorageX through the Stanford Energy Corporate Affiliate (SECA) program, which facilitates interactions between organizations and Stanford faculty and graduate students across the full range of energy-related topics. Through its membership in the SECA program, ReNew will have access to world-class research and opportunities for collaboration on research, education and training.
Speaking about the affiliation, Sumant Sinha, ReNew Power founder, chairman, and CEO, said, “The collaboration with Stanford’s StorageX Initiative will broaden ReNew’s field of vision and help us in recognizing promising new technologies quickly. Reliable renewable power generation in India is critical to meeting the government’s goal of putting 450 GW of renewable power online by 2030. ReNew is proud to work with Stanford’s Precourt Institute for Energy in ensuring that economical and efficient energy storage technologies become critical in reducing the intermittency of renewable power in countries around the world.”
Grid-scale battery storage is crucial for India to meet its long-term goal of firm, reliable electricity from grid-integrated renewable sources. The ability to deliver reliable power from renewable sources at peak and off-peak hours is critical to power distribution companies’ plans to meet obligations for purchasing renewable power.
In January 2020, ReNew emerged winner in India’s first auction for renewable power generation combined with energy storage for guaranteed peak power supply. The 300 MW project was awarded by the Solar Energy Corporation of India.
Additionally, ReNew has won the auction to provide 400 MW of round-the-clock power through renewable sources. This project will use a combination of wind and solar renewable generation assets and storage technology to provide annual capacity utilization of 80%–approximately double that of regular renewable energy generation projects.
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