NEW DELHI : Siemens- and AES-owned main international power storage expertise and repair supplier Fluence Power is seeking to cater to India’s industrial and industrial (C&I) shoppers, stated two prime firm executives.
The corporate is evaluating the Indian market and exploring whether or not it may be a viable proposition, Fluence Power India’s managing director Anil Ranjanna, and vice-president, market development, APAC, Achal Sondhi, stated in an interview.
“C&I is an area the place battery can positively play an enormous function. So, we try to judge how greatest it may well play, and what can actually make the proposition viable,” Ranjanna stated. “We count on this explicit sector to open up in an enormous scale, not solely in India however internationally.”
“India is a significant marketplace for Fluence and we now have taken a strategic determination to go massive,” stated Sondhi, including that the agency has accomplished its first 10MWh venture in Delhi and has signed contracts for greater than 150MWh thus far in India.
Nasdaq-listed Fluence’s first battery-based power storage venture in India was deployed in 2019 at a substation in Delhi and was developed by AES and Mitsubishi.
“About 18 months in the past, the board of our firm took a strategic determination that India is now prepared to maneuver. Our board decided that the market and fundamentals have been actually maturing and we made a strategic determination to enter the market. You’d have seen varied features of bulletins by the corporate, together with a expertise centre,” Sondhi stated.
Launched in July, the Fluence India Know-how Centre in Bengaluru is the corporate’s first expertise centre in Asia, which enhances its expertise groups in North America and Europe.
“It’s not only a place for us to promote our merchandise, however it’s extra of a strategic focus contemplating the competency. We wished to point out our dedication to India (by establishing the expertise centre),” he added.
Fluence is seeking to be the market chief by way of battery storage in India, stated Ranjanna. The expertise centre and tie-up with ReNew Energy are steps in the direction of consolidating its place in India.
In January, the corporate introduced a 50:50 three way partnership with ReNew to money in on the alternatives within the fast-developing power storage market in India.
The central authorities has set “good targets and taking the correct steps”, and the duty of discoms to arrange battery storage items will go a protracted technique to help the trade, stated Sondhi.
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