ACME Solar places one of India's largest Battery Energy Storage System orders of over 3.1 GWh

ACME Solar has placed an order of more than 3.1 GWh of Battery Energy Storage System (BESS) from leading global energy system suppliers including Zhejiang Narada and Trina Energy, renowned for their high efficiency and scalable storage solutions. This marks one of the largest battery storage procurements in India to date and will support the deployment of BESS across ACME Solar's multiple renewable energy FDRE (Firm & Dispatchable Renewable Energy) and battery linked projects, scheduled for commissioning over the next 12-18 months across multiple states in India.

The delivery is planned in a phased manner over the next four to eight months of the current fiscal year. Importantly, order value of these systems is well within the budgeted cost enabling overall capex efficiency while maintaining focus on technical performance and supplier reliability. Moreover, the early procurement of these systems would accelerate execution timelines and enable timely revenue realization.

The advanced BESS equipment conforms to global standards including IEC and UL, ensuring best-in-class safety, performance and reliability. This significant order underscores ACME Solar's commitment to accelerating clean energy adoption and enhancing grid stability in one of India's fastest-growing renewable energy regions.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 249.70 as compared to the previous close of Rs. 249.95. The total number of shares traded during the day was 38976 in over 1288 trades.

The stock hit an intraday high of Rs. 250.60 and intraday low of 247.00. The net turnover during the day was Rs. 9720653.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 BESS StorageSolutions