Bondada Engineering wins India's first 100 MWh VRFB BESS order
Bondada Engineering has received a Notification of Award from NTPC Renewable Energy Limited for the EPC development of a 100 MWh Vanadium Redox Flow BESS at Khavda Solar Park, including 10 years of O&M. This landmark project, India's first and largest grid-scale VRFB BESS, involves Delectrik Systems Pvt Ltd as the Technology Partner and must be completed within 10 months. The award leverages VRFB technology's advantages of over 25 years of service life and high safety, aligning with India's target of 236 GWh storage capacity by 2030.
*this image is generated using AI for illustrative purposes only.
Bondada Engineering has secured India's first and largest grid-scale 100 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS) order from NTPC Renewable Energy Limited. The project, located at Khavda Solar Park in Gujarat, includes an EPC package for the development of the storage system along with 10 years of Operations and Maintenance (O&M). This award marks a significant milestone for the company as it forays into advanced Long Duration Energy Storage (LDES) technologies.
Project and Technology Details
The project utilizes Vanadium Redox Flow Battery (VRFB) technology, with Delectrik Systems Pvt Ltd serving as the Technology Partner. VRFB technology offers a service life of over 25 years, significantly longer than the 12–15 years typical of conventional Lithium Iron Phosphate (LFP) batteries. It provides high intrinsic safety, stable performance under frequent cycling with near-zero degradation, and reduced operational expenditure. Additionally, the use of domestic vanadium resources aligns with the government's vision of strengthening indigenous energy security.
The following table summarises the key parameters of the awarded project:
| Parameter: | Details |
|---|---|
| Awarding Authority: | NTPC Renewable Energy Limited |
| Project Type: | EPC Package including 10 years of O&M |
| Technology: | Vanadium Redox Flow BESS |
| Capacity: | 100 MWh |
| Project Location: | Khavda Solar Park, Gujarat |
| Execution Period: | 10 Months from receipt of NOA |
Strategic Significance
The Government of India has set a target of deploying approximately 236 GWh of Battery Energy Storage Systems by 2030, while the current installed capacity is only around 3.3 GWh. This gap highlights the immense growth opportunity in the Indian energy storage market. By securing this landmark order, Bondada Engineering demonstrates its ability to execute energy storage projects involving next-generation technologies, thereby strengthening its position in the rapidly expanding BESS sector.
Historical Stock Returns for Bondada Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.64% | +4.30% | -10.22% | +2.92% | -26.78% | +954.31% |
How will this project influence the adoption of VRFB technology in India's energy storage market?
What are the potential cost implications of using VRFB compared to conventional LFP batteries for large-scale storage?
Could this milestone lead to increased partnerships between Indian firms and technology providers for LDES solutions?
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