E2S, India Power signed MoU for energy storage at thermal plants
The thermal energy storage technology developed by E2S Power provides a unique opportunity to meet the urgent need for energy storage with the use of most of the retiring thermal power plant infrastructure and to keep jobs secure.
A leading developer of thermal energy storage solutions, E2S Power, and India Power Corporation (IPCL), one of India’s leading power utilities, recently signed a memorandum of understanding (MoU) to collaborate on converting fossil fuel power stations into thermal storage systems for renewable energy in the country.
By 2022, the Centre aims to reach 227 GW of renewable energy capacity and 500 GW by 2030. In addition, about 50 GW of coal capacity will be decommissioned in the next few years.
With E2S Power’s thermal energy storage technology, urgently needed energy storage can be provided, while most of the infrastructure in thermal power plants that are being retired can be used and jobs can be retained.
“The increase in renewable energy capacity and the utilization of existing infrastructure is the perfect fit for our thermal energy storage technology,” said Sasha Savic, CEO of E2S Power.
Somesh Dasgupta, wholetime director of IPCL, pointed out, “We are glad to have a technology collaboration with E2S Power in the country.”
It is expected that IPCL and E2S Power will be working with major companies in the power and renewable energy sectors in India to identify, evaluate, and offer optimized integrated thermal energy solutions for existing plants and facilities that will be phased out.
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