ACME Solar Holdings Limited on Tuesday commissioned an additional 155 MW / 470.25 MWh of Battery Energy Storage System (BESS) capacity in Rajasthan, taking its total commissioned BESS to 297.67 MW / 951.74 MWh.
The company’s stock closed at ₹249.10 on the NSE on Tuesday, up 4.86 per cent from its previous close of ₹237.55.
The newly commissioned projects, developed through the company’s subsidiaries, are connected to the existing Inter-State Transmission System (ISTS) and will operate on a merchant basis.
The systems will generate revenue by charging during non-peak hours and discharging during peak demand periods — capitalising on price differentials between the two.
The commissioning is part of ACME Solar’s larger planned BESS rollout of 835 MW / 3,114.64 MWh across its special purpose vehicles (SPVs) in the state. The projects are designed to improve grid reliability and balance energy supply and demand.
Gurugram-headquartered ACME Solar Holdings describes itself as an integrated renewable energy company with a total portfolio of 8,071 MW across solar, wind, hybrid, storage and firm and dispatchable renewable energy (FDRE) solutions.
Its operational contracted capacity stands at 2,978 MW with approximately 1.0 GWh of BESS capacity, while the under-construction contracted capacity is 5,093 MW, including approximately 16 GWh of planned BESS installation.