Sterling and Wilson creates new hybrid and storage business, targets 1 GW installations


Indian EPC and power developer, Sterling and Wilson has this week announced the creation of a new business unit called Hybrid and Energy Storage Business, that will seek global opportunities to build power plants supported by energy storage globally.

The EPC already has more than 8 GW of large-scale power capacity installed around the world, in the sectors of solar PV, CHP, diesel generators and gas-based power. The new division will seek to tap all of these power sources for colocation with storage, focusing initially on remote and island locations.

However, underpinning its 1 GW installation target is a commitment to reduce the carbon footprint of identified locations, which will likely mean a focus on solar+storage applications in these regions.

The division’s new CEO, Deepak Thakur, will unveil the business unit at the forthcoming EES Europe show in Munich, Germany, in June.

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“The global hybrid and energy storage market is estimated to be around $40 billion by 2025,” Thakur said. “We are confident of providing our customers value for money through customized hybrid power plants and energy storage facilities.”

The EPC will focus on C&I installations, as well as industrial-scale projects, while offering a diverse sizing range of battery technologies.

Finland’s Wärtsilä has recently taken a similar approach, viewing the solar and storage industries as holistic sectors that can complement, support and coexist with certain fossil fuels and other technologies.

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