Hyderabad-based Greenko Group to Provide Energy Storage via a Cloud Platform - News

Hyderabad-based Greenko Group, will offer energy storage solutions through its cloud platform under a unique model to bulk energy users such as industries and state power distribution companies (discoms).

Mahesh Kolli, Founder, President, and Joint Managing Director, Greenko Group, said that users can own the green energy project and storage will be offered as a service contract. He added that the company has built an ‘Intelligent Energy Cloud Storage Platform’, that subscribers can plug into and utilize for energy storage.

Greenko started a 5.2 GW integrated renewable energy storage project in Andhra Pradesh. The project includes 10 GWh of storage, 3 GW of solar, and 0.5 GW of wind power. ArcelorMittal and Ayana Renewable are private investors, and the project has a tie-up with Solar Energy Corporation of India (SECI) to supply power to Bihar, Rajasthan, and DVC.

Kolli said the storage network would analyze demand-supply patterns, forecasting, energy management, and dispatch, taking a leaf from integrated cloud services such as Amazon Web Services (AWS).

Greenko’s energy storage system is an ‘off-stream closed loop pump hydro system’, which Kolli claims is half the price of battery storage and more sustainable. To address storage needs in parallel with solar and wind energy growth forecasts, India would require close to 50 GWh of pump hydro.