E2S Power and India Power Corp have signed a Memorandum of Understanding to work closely on transforming fossil fuel power stations in India into thermal storage systems for renewable energy.
The government of India is aiming to achieve 227 GW of renewable capacity by 2022, and 500 GW by 2030. At the same time, about 50 GW of coal capacity will be decommissioned in the coming years. The thermal energy storage technology developed by E2S Power offers an opportunity to provide energy storage while continuing to use most of the infrastructure built for the retiring plants.
PCL and E2S Power will work with major companies in the power and renewable energy sector in India to identify, evaluate and offer optimised integrated thermal energy solutions for existing plants and facilities being phased out.
The evolving power generation mix and growing power demand present new challenges and opportunities in operating and maintaining a reliable power system. Technology would play a key role in achieving India’s ambitious renewable energy target of 500 GW by 2030. Energy storage technologies are imperative to ensure round the clock power. Thermal energy storage (TES), among other available energy storage technologies, is a solution which suits the socio-economic needs of the country. The levelised cost of TES for 20-25 years of life is considered the lowest among available technologies and does not have any biohazard impact.