ReNew Power, India’s foremost renewable energy company, recently revealed a strategic partnership with The Precourt Institute for Energy at Stanford University and its StorageX Initiative. StorageX is an academic-industry-government campaign focused on solving the most challenging real-world storage issues. While at first working on grid-level battery issues and grid effectiveness in India, ReNew plans to fine-tune the effectiveness of storage assets and ensure reliable and firm grid power delivery.
The Stanford Energy Corporate Affiliate (SECA) program facilitates communication among organizations and Stanford faculty and graduate students across the full spectrum of energy-related topics. Through membership in the SECA program, ReNew will have significant exposure to global study and collaborations on education, research, and training.
ReNew Power Founder, Chairman, and CEO, Sumant Sinha, asserted that ReNew will gain a broader view of current technologies by collaborating with Stanford’s StorageX Initiative. India’s growing demand for reliable, sustainable power necessitates investment in renewable power facilities. ReNew is pleased to collaborate with Stanford’s Precourt Institute for Energy in the advancement of inexpensive and reliable renewable energy storage.
Grid scale battery storage has appeared as a vital enabling factor for grid-integrated renewable electricity from a firm, credible sources. Accuracy in the delivery of power from renewable sources is crucial to distribution companies’ position to fulfil renewable power buying commitments.
ReNew began the bidding for India’s first auction for renewable power generation with energy storage and assurance of peak power supply in January 2020. The Solar Energy Corporation of India (SECI) selected the 300 MW project.
ReNew has also managed to win a tender supply of 400 MW of round-the-clock sustainable power. This tender was India’s first that demanded “Round-the-Clock” renewable energy production from reliable resources. This project will utilize wind and solar renewable power resources, along with storage technology to deliver capacity utilization of 80%.
ReNew Power is India’s leading renewable energy independent power producer (IPP) by capacity and the 13th largest global renewable IPP by operational capacity. ReNew develops, builds, owns, and operates utility-scale wind, utility-scale solar, utility-scale firm power, and distributed solar projects. On March 31st, 2021, ReNew Power had approximately 10 GW of wind and solar energy projects across India, including commissioned and committed projects. ReNew has shown above-average organic and inorganic growth. Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF, and JERA are all current ReNew stockholders.
For more information, visit: https://renewpower.in/