Deals galore in energy storage tech as investors see gold in govt’s green push

As companies try to get around the biggest problems hindering the viability of renewable energy, intermittency, it’s raining deals in energy storage technology, including grid-scale stationary storage applications that could emerge as alternatives to lithium-ion batteries. The latest in the series of deals was a Reliance Industries unit announcing a $50-million investment in US-based energy storage startup Ambri.

One possible reason behind the increased activity in the sector could be the Centre’s aim to set up large battery storage systems. In Ladakh region alone, the government is expected to float tenders to set up 13 GWh grid-scale battery storage systems. In addition to this, the Centre is also reportedly planning to set up 4 GWh of battery storage systems at regional load dispatch centres.