JSW Energy Ltd, part of the diversified JSW Group, has embarked on ambitious initiatives in India's renewable energy sector, including the construction of a 1-GWh battery energy storage project and the development of what is hailed as the country's largest commercial-scale green hydrogen project.
The company announced on Monday a significant milestone in its green hydrogen venture, securing a seven-year supply agreement with JSW Steel Ltd for 3,800 tonnes per year of green hydrogen, alongside green oxygen. This initiative marks a crucial step towards producing green steel, a pioneering effort in India's industrial landscape.
“JSW Energy is making significant strides in becoming an energy products and services company,” remarked Sharad Mahendra, joint managing director and CEO of JSW Energy.
The green hydrogen project has reached advanced stages, with detailed engineering completed and equipment procurement underway. Commissioning is slated for the final quarter of the financial year 2025. Additionally, JSW Energy has penned a memorandum of understanding with JSW Steel to supply a further 85,000 to 90,000 tonnes per year of green hydrogen by 2030.
Under India's Solar Energy Corporation of India Ltd's (SECI) Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, JSW Energy has been allocated a capacity of 6,800 tonnes per year, reinforcing its commitment to renewable energy expansion.
Simultaneously, JSW Energy has commenced construction on a 1-GWh battery energy storage system (BESS) project, awarded by SECI. This project, expected to be operational by June 2025, comprises two installations with a 500-MWh storage capacity each. The project will operate under a build-own-operate-transfer (BOOT) model, aligning with India's renewable energy goals.
