Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday, 3 December 2017

A Rapidly Shifting Paradigm



Last week we learned that Elon Musk won the bet  !


Of erecting / installing / commissioning a 100 MW capacity Lithium-ion Battery Storage facility in South Australia , in 100 days ( cost : $ 50 million ) or give it away FREE if not delivered in 100 days !


Now Bllomberg tells us  :







South Korea’s Hyundai Electric & Energy Systems Co is building a 150 MW lithium-ion Battery storage facility in Ulsan ( near South East coast )



But in 90 days  !   And for $ 45 million  !



At $ 0.3 million / MW , Hyundai facility will be 40 % cheaper than TESLA’s $ 0.5 million / MW 



All within 90 days  !



Next expect the Chinese to build a 1000 MW Battery Storage for just $ 200 Million ( @ $ 0.2 million / MW )



And in 60 days  !



Now with solar power prices dropping continuously ( @ 20 % per year from latest Rs 2.4 / kwh ) , it is a matter of few years before all of our coal-based power plants ( @ Rs 3.2 / kwh ) will become uncompetitive / unviable , to provide any kind of load balancing during peak / non peak hours



In any case , India is planning to generate 100 GW of solar power by 2022



BY 2022 , THIS COULD POSSIBLY COST US LESS THAN RE 1 / KWH  !



So , whatever solar power we could manage to generate when the sun is shining , we MUST store in batteries for use at night .



We have no choice but to go for huge Lithium-ion Battery Storage installations , all over India



Possibly , 1000 installations of 100 MW each ,to store those 100 GW of solar power !



Each installation ( on an average ) , costing $ 25 Million  ?  So , a total of $ 25 billion



IFC Report estimates that India needs to invest ( between 2018-30 ) , $ 448 Billion for Renewable Energy ( approx. $ 35 Billion every year )



If we do not plan for these large Battery Installations ( and invite global tenders NOW ) , how much of that Re 1 / kwh solar power ( generated during the day time ) will go waste ?



I hope Shri Piyush Goyalji / Shri R K Singhji / Shri Amitabh Kantji , will examine this




04  Dec  2017





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