AES Corp (NYSE:AES) Collaborates With Mitsubishi To Set Up An Energy Storage System


AES Corp (NYSE:AES) subsidiary AES India has come together with Mitsubishi Corporation in a joint move that will see the two engage in the constriction of India’s first utility-scale energy storage system. It is expected that the 10 megawatt (MW) solution will move along way serving the electric grid which Tata Power-DDL has been operating for over quite some time.

Fluence has for over quite some time been the one supplying The Advancion storage solution which is at the moment owned by Mitsubishi Corporation and AES.

A person familiar with the matter opined, “The solution is being deployed in Rohini, Delhi at a substation operated by Tata Power-DDL. Once completed later this year, the 10 MW solutions will enable better peak load management, add system flexibility, and enhance reliability for more than 7 million customers in the Delhi region.”

Siemens and AES are the two business gurus who happen to be the owners of Fluence which will be serving the project with its Advancion technology. Over the years it has been working on ways to improve its services and he deal this time around is expected to benefit Tata Power-DDL and its huge customer base.

The proven and industrial-strength storage technology that Fluence has worked over the years to set up is a big plus not forgetting the long-term dependability. With a grid-scale battery-based energy storage experience that spans for over a decade it goes without saying that the project might turn out to be a major success.

The President of AES’ Eurasia Strategic Business Unit Mark Green in recent interview said that they had embraced innovation and creativity right from the time of their establishment. That is the reason they have remained successful in terms of being able to deliver safe, reliable and affordable energy to the various markets.

He went further to assert that the deployment of top end storage technology in India was a real showcasing of just how much they were committed to their country. Leveraging on Fluence’s Advancion energy storage solution will move along way helping the company continue with its efforts of modernizing and enhancing the electricity system in India.