6 FAQs about The latest epc feasibility report for energy storage projects

What is the EPC process?

In this paper, the EPC process encompasses five key steps: Feasibility studies are the foundation of any EPC project. They evaluate whether a BESS project would be a viable business venture in the specified geography. Key activities include:

Can energy storage systems destabilise the grid?

By FY32, VRE's contribution to generation is set to triple. Unless the power system undergoes a commensurate transformation, this could destabilise the grid. Our Report explores the role of Energy Storage Systems in navigating this energy transition...

What is a feasibility study?

Feasibility studies are the foundation of any EPC project. They evaluate whether a BESS project would be a viable business venture in the specified geography. Key activities include: Business Case Evaluation: Estimate capital expenditures (CAPEX), operational expenditures (OPEX), revenue streams, and return-on-investment (ROI).

What is the future of energy storage?

Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.

Are storage projects a viable alternative to thermal power generation?

Recent tenders have witnessed storage projects securing tariffs below the levelised cost of thermal power generation and the implicit time-of-day differential (diurnal range of exchange price of power), making them a financially attractive proposition Two storage methods are expected to capture virtually 100% of the pie.

Will India increase its energy storage capacity by fy32?

India is poised to significantly augment its energy storage capacity, with a projected 12-fold increase to ~60 GW by FY32, outpacing the already impressive growth pencilled in for RE sources.

View/Download The latest epc feasibility report for energy storage projects [PDF]

PDF version includes complete article with source references. Suitable for printing and offline reading.