NHPC inks MoU with Maharashtra govt for establishment of Energy Storage Systems

New Delhi: State-owned NHPC Limited said in a regulatory filing that it has entered into a Memorandum of Understanding (MoU) with the Department of Energy, Maharashtra government. The MoU aims to establish Energy Storage Systems (Pumped Storage Systems) alongside other Renewable Energy Sources, including Solar, Wind, Hybrid, etc., with a remarkable combined capacity of 7,350 MW.

Establishment of energy storage systems will store excess energy during low demand

The establishment of energy storage systems, renowned for their ability to store excess energy during periods of low demand and supply it during peak hours, will play a pivotal role in ensuring a reliable and uninterrupted power supply. These systems will enhance grid stability, facilitate efficient energy management, and promote the integration of intermittent renewable energy sources into the grid.

Collab aims to maximise use of renewable energy resources

By combining pumped storage systems with solar, wind, and hybrid power generation, the collaboration aims to maximise the utilisation of renewable energy resources and mitigate the challenges associated with intermittency. This holistic approach will enable a more balanced and sustainable energy mix while reducing dependence on conventional fossil fuel-based power generation.

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