2022 energy storage tender capacity summary

What is the capacity of ESS in 2022?

The RfS documents proposed a total capacity of 500MW/1,000MWh as a standalone ESS. Current Status: Final RfS issued by SECI, with bidding scheduled for June 24, 2022. Major renewable energy developers, such as ReNew Power, Greenko and Tata Power, are aggressively entering the utility scale ESS space.

Which ESS tenders will increase Indian ESS capacity multifold?

The latest ESS tenders issued by Solar Energy Corporation of India (SECI) and NTPC are the first in India to combine standalone ESS with on-demand use. These two standalone ESS tenders, by SECI and NTPC, have a cumulative storage capacity of 1GW/4GWh. Thus, if executed well, these projects will augment Indian ESS capacity multifold.

How much energy storage capacity will be added in 2021?

The industry estimates that during 2021-30, worldwide energy storage capacity addition will be 345GW/999GWh.14 The United States of America (US) and China are the two largest markets, representing over half of the global storage installations by 2030.

What will China's energy storage capacity look like in 2023?

In 2023, after the substantial rise in annual installed capacity, the growth of grid-connected capacity is expected to slow, increasing by 37.2% year-on-year to 120 GW. As renewable energy installations surge, China's wind and PV curtailment tick up. Given that, several local authorities pose higher energy storage configuration ratio requirements.

What are ESS tenders & NTPC tenders?

The latest standalone ESS tenders from Solar Energy Corporation of India and NTPC will augment capacity manifold and help develop the local ecosystem. Given that ESS technology is in its infancy in India, the current tenders face several technical, procurement and regulatory challenges.

How will ESS capacity increase in the future?

for the upsurge in ESS capacity will be the cost decline.ESS trading on power markets is also likely to increase in coming years, driven by entities aiming to meet their energy storage obligation (ESO) targets and storage developers looking for avenues to sell the excess p