Bondada Engineering has secured a contract from NTPC Renewable Energy for India's first and largest grid-scale Vanadium Redox Flow Battery Energy Storage System. The project includes EPC and 10 years of O&M, marking a strategic entry into Long Duration Energy Storage.
Bondada Engineering Wins India's First 100 MWh VRFB BESS Project
Bondada Engineering Limited has secured a significant Notification of Award (NOA) from NTPC Renewable Energy Limited. The contract is for the Engineering, Procurement, and Construction (EPC) of a 100 MWh Vanadium Redox Flow Battery (VRFB) Energy Storage System. Reader Takeaway: Entry into LDES market with landmark project; execution and O&M are key. ## What just happened Bondada Engineering has been awarded a project to build India's first and largest grid-scale VRFB BESS. The scope includes EPC and a 10-year Operations and Maintenance (O&M) contract. The project is located at the Khavda Solar Park in Gujarat. ## Why this matters This award signifies Bondada Engineering's strategic move into the Long Duration Energy Storage (LDES) sector. The VRFB technology offers a longer lifespan and enhanced safety compared to conventional batteries, making it suitable for grid-scale applications. The 10-year O&M component also ensures sustained revenue for the company. ## The backstory This project is in line with India's push to increase its battery storage capacity, with a target of 236 GWh by 2030, compared to the current 3.3 GWh. VRFB technology, with its 25+ year lifespan, is seen as a key solution for grid stability as renewable energy sources expand. ## What changes now Bondada Engineering will now focus on the project execution, which has a timeline of 10 months from the receipt of the NOA. This project will establish the company's credentials in advanced energy storage solutions. The company is partnering with Delectrik Systems Pvt Ltd for the technology aspect. ## Risks to watch Successful and timely execution of this complex BESS project within the 10-month timeline will be crucial. The company will also need to demonstrate its capability in managing the 10-year O&M contract effectively. ## Peer comparison While specific VRFB project wins among peers are not detailed, the broader renewable EPC and energy storage market in India is highly competitive, with several players vying for government and private sector contracts to meet the ambitious storage targets. ## Context metrics (time-bound) * **Project Capacity:** 100 MWh * **EPC Timeline:** 10 months * **O&M Tenure:** 10 years * **Technology:** Vanadium Redox Flow Battery (VRFB) * **Industry Target:** 236 GWh by 2030 * **Current Capacity:** 3.3 GWh ## What to track next Investors should closely monitor the project's construction progress and Bondada Engineering's success in securing future projects in the burgeoning energy storage sector, particularly those utilizing advanced technologies like VRFB.
