The Hybrid Energy Storage (HES) business of Sterling and Wilson is eyeing multi-million dollar projects in India, South East Asia, Africa and Latin America, as enterprises globally look to reduce their dependence on conventional energy.
Hybrid energy is defined as a mix of solar, wind, gas, diesel and battery energy storage. Sterling and Wilson Hybrid Energy Storage (HES) is a part of Sterling and Wilson, a part of the Shapoorji Pallonji Group, which is into solar Engineering Procurement Construction (EPC) projects.
Deepak Thakur, CEO of HES, told BusinessLine that hybrid energy solutions is a huge opportunity since many generation companies and power distribution companies in places like Africa are moving into renewables. “In places like Nigeria, which is the largest African economy, the government was struggling to meet power outages which would result in power availability only for a few hours,” he said.
