On February 19, the sources from the Energy Resource Institute confirmed that, one of the most prominent player in the market BHEL firm has bagged the bid which was done for the installation and maintenance of the storage systems of the battery, which is likely to have a costs of nearly INR 2.51 crore. This is one of the largest bid for the energy storage systems. The BHEL is one of the oldest firms in the country. The BHEL organization has been associated to provide and share the supply of energy across the country. This is likely to boost the growth of the energy and storage systems in the country.
BHEL has been the supplier of the energy and storage systems which is likely to have an impact on the development of the emergence of the sector. The company has been associated with the storage and distribution of the energy across the regions across the country. With the installation of the battery storage systems, it is likely to provide and update the storage of the energy more efficiently which is likely to have an impact on the reach of the energy and supply of the power across the country.
In the recent tender, which was conducted, the company bagged the highest bid for the maintenance of the tender which is likely to have an impact on the growth of the sectors. In one of the statements which is released by the TERI, BHEL had offered a price of nearly INR 2.51 crore, which is one of the major investments by the company. The company is likely to offer 410 kilowatt-hours (kWh) power backup for the battery. In addition, there is an additional back up of battery of nearly six years, with an approximate yearly warranty which is one of the major aspects for the growth of the energy sector in India.
Despite the less dense regions, the companies and the competitors were high and there are several companies which are likely to have bid for the tender. Moreover, some of the major players which are involved in the competition includes the Okaya Power, Amara Raja, Honeywell Automation, Larsen & Toubro, Mahindra Susten, Hero Solar, and others. These are some of the major players which are likely to boost the growth of the market in the estimated time.
Moreover, the organization of TERI is taking several measures for the implementation of the BSES Rajdhani Power Ltd (BRPL), on of the initial pilot projects which are used for the purpose of distribution.