Sterling and Wilson looking to expand hybrid energy storage business.

Sterling and Wilson Hybrid Energy Storage (HES) is a part of Sterling and Wilson, a part of the Shapoorji Pallonji Group.

Sterling and Wilson is betting on HES at a time when the Ministry of New and Renewable Energy (MNRE) has issued a draft policy for supply of round-the-clock (RTC) power from renewable energy projects in conjunction with thermal power projects.

Further, it is aimed at discoms to fulfil their Renewable Purchase Obligation (RPO) requirements as they can replace expensive power procured from thermal power projects.

HBL