BHEL Bags Maiden Order For Battery Energy Storage Systems From TERI
State-run engineering firm BHEL on Friday said it has bagged its maiden order for battery energy storage systems from TERI.
However, the company did not divulge details about the value of the order.
"Amidst stiff competitive bidding, BHEL has won its first commercial order for state-of-the-art Battery Energy Storage Systems from The Energy and Resource Institute (TERI)," BHEL said in a statement.
The company has signed a contract agreement with TERI for setting up of a cumulative 410 kWh Battery Energy Storage Systems (BESS) in the National Capital Territory (NCT) of Delhi, it added.
The tender was issued by TERI on turnkey basis under UI-ASSIST (US-India Collaborative for Smart Distribution System with Storage) initiative with BSES Rajdhani Power Limited (BRPL).
BHEL's scope of work in the contract includes design, supply, testing, installation and commissioning along with a comprehensive five-year annual maintenance contract (AMC) of the systems at three different locations, it said.
The project will be executed by BHEL's Electronics Division, Bengaluru.
BHEL has a focused approach in the emerging field of BESS and has already commissioned a 1 MWh BESS at its corporate R&D centre located in Hyderabad.
The state-of-the-art system is commissioned with three different battery technologies viz. lithium-ion, advance lead-carbon and flow batteries, the statement said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more