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E2S Power and India Power have inked a pact to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country.
Under the MoU, India Power and E2S Power will work with major companies in the power and renewable energy sector in India to identify, evaluate and offer optimized integrated thermal energy solutions for existing plants and facilities being phased out, a statement said.
Thermal energy storage technology developed by E2S Power offers an opportunity to provide urgently needed energy storage while using most of the infrastructure in thermal power plants being retired and safeguarding jobs, it added.
The collaboration brings together the energy storage technology expertise and global power plant engineering experience of E2S Power and the long-standing utility experience and understanding of the Indian power market from IPCL.