Gensol Engineering Limited has emerged as L1 attaining an unassailable position for 70 MW /140 MWh out of 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project. The project will be developed by Gensol under a Tariff-Based Global Competitive Bidding model to provide energy storage capacity to Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat on-demand basis. The project once commissioned will provide electricity on an "On-Demand" basis to Gujarat State's DISCOMs during the peak and off-peak hours.

The project will deliver 70 MW /140 MWh energy for two charge/discharge cycles a day. The project will contribute INR 4,500 million to Gensol's revenue over the period of contract. Battery Energy storage has been increasingly deployed globally for renewables integration and managing uncertainty in the electricity grid.

Gensol will provide energy storage solutions integrated with advanced energy management systems while meeting stringent availability and efficiency performance metrics. This reflects Gensol's capability to execute projects that meet the growing demand for reliable and efficient energy storage solutions worldwide. Securing the project is a testimony of Gensol's EPC capabilities and efforts towards integration into the value chain, particularly in Advanced Chemistry Cell-based Energy Storage Systems. Being one of the first major projects of standalone BESS in the country, the prospects for BESS will grow significantly on the back of strong policy support from the Government.