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<p><a href="https://www.tatapower-ddl.com/">Tata Power Delhi Distribution</a> (TPDDL) and the <a href="https://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home">International Finance Corporation</a> (IFC), the financial arm of the World Bank Group, have signed a memorandum of understanding (MoU) to assess the energy storage capacity requirement in TPDDL&#8217;s area for ensuring sustainable and reliable power distribution and to strategize energy storage deployment in the electric utilities.</p>
<p>Tata Power-DDL is a joint venture between Tata Power and the Government of Delhi. It distributes electricity in North Delhi and serves a populace of 7 million spread across the capital.</p>
<p>Over the next eight months, the two organizations will jointly conduct a study in South Asia to examine and recommend the optimum energy storage capacity that can be implemented for Tata Power-DDL’s 2,000 MW distribution system. Based on the results, an assessment will be made on the storage potential in other smart cities.</p>
<p>&#8220;Today, battery storage has become a crucial part of the electricity grid for the adoption of renewable energy sources and to meet the ever-increasing demand. The association with IFC will help us in leveraging storage optimally and further strengthening our network performance to provide quality power supply to our consumers,&#8221; said Sanjay Banga, CEO, TPDDL.</p>
<p>With electric mobility poised to burgeon, the demand for stable and high-quality energy storage system is increasing.</p>
<p>In July 2019, <a href="https://mercomindia.com/national-electric-mobility-plan/">Mercom</a> had reported that the National Electric Mobility Mission Plan (NEMMP) 2020 targets the deployment of up to 7 million hybrid and electric vehicles (EVs) in India by 2020.</p>
<p>According to the company’s statement, “During a typical day in 2022, solar power may meet up to 44% of the total power demand. Also, the wind capacity of 60 GW may bring about a variation of up to 8 GW in as little as five hours. This variability and uncertainty will require enough response capability to accommodate sudden drops in output, which can only happen with effective and viable storage systems.”</p>
<p>Recently, <a href="https://energyvault.com/">Energy Vault</a>, an Idea lab company that has developed a transformative technology to store energy raised $110 million in Series B funding. The investment was made by <a href="https://visionfund.com/">SoftBank Vision Fund</a>, which was its first investment in energy storage technology. In <a href="https://mercomindia.com/tata-deploy-energy-storage-35mwh-energy-vault/">November</a> 2018, Tata Power announced that it would deploy a 35 MWh Energy Vault system by 2019. The energy storage technology is expected to significantly lower the cost per kilowatt-hour and high round trip efficiency and claims to have a 30-40-year life without any degradation in the storage capacity.</p>
<p>On a similar note, the Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/">MNRE</a>) recently issued invitations requesting proposals to develop <a href="https://mercomindia.com/mnre-invites-gravity-storage-project/">gravity storage projects</a> and also to utilize solar to produce hydrogen from seawater. The ministry believes that with the increasing share of renewables in the country, there will soon be a requirement for energy storage to absorb fluctuations and for grid balancing.</p>
<p>“Optimizing storage and peak load management will benefit the 1.7 million consumers in Tata Power-DDL&#8217;s area. It will also reduce the company&#8217;s cost by enabling it to buy cheaper power during off-peak hours and distributing it when the demand is higher,” the statement from Tata Power further adds.</p>
<p>Tata Power has also announced in the past that it would not build any new coal-fired power projects and most of its power capacity expansion will take place through <a href="https://mercomindia.com/important-headlines-solar-market-april-2019/">renewable energy</a>.</p>
<p>Image Credit: Amazon AWS</p>
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<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/anjana/" class="vcard author" rel="author"><span class="fn">Anjana Parikh</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2019/06/Anjana2.png" width="112" height="121" />Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.</p>
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Tata Power and IFC to Study Energy Storage Potential in Power Distribution System

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