Panasonic & AES India sign agreement for Energy Storage Solutions

Panasonic India and AES India Private Limited announced an agreement to construct a 10 Mw energy storage array at Panasonic's Technopark manufacturing facility in Jhajjar, Haryana.

This joint project is the first large-scale battery-based energy storage project in India. "The storage will provide daily reliability and back-up to the manufacturing facility, while demonstrating grid stability and renewable integration services in the region," the company said in a statement.

Panasonic is India's leading lithium-ion battery supplier and AES India is one of major owner and operator of energy storage projects across the world, operating 116 Mw of energy storage projects around the globe.

 

"Panasonic India's partnership with AES signifies the convergence of synergies to deliver reliable, cost-competitive solutions to meet growing energy demand. Set to transform the energy storage landscape, Panasonic India looks forward to this association, which will help offer grid stability and improved ancillary services," said Manish Sharma, executive officer of Panasonic Corporation and president & chief executive officer of Panasonic India.

"We are excited to bring Advancion, the most proven energy storage system available globally, to India," said Marty Crotty, President of AES' Strategic Business Unit in Asia. "Panasonic delivers high quality, cost-effective batteries and is a great partner to be working with as we demonstrate the value of large-scale energy storage to commercial and industrial customers, renewable developers, utilities, and the grid operator."