SPML Infra and Energy Vault Collaborate to Accelerate India's Multi-GWh Energy Storage

SPML Infra joins forces with Energy Vault to fast-track Battery Energy Storage System (BESS) deployments in India.

The world leader in sustainable energy storage solutions, Energy Vault, today announced that it has inked a new licensing and royalty deal with SPML Infra Limited, one of India's top publicly traded infrastructure development firms that specialize in the country's energy and water infrastructure. The partnership is anticipated to expedite the production and implementation of Energy Vault's B-VAULT BESS technology in the Indian market, in conjunction with the company's VaultOS EMS software.

With a minimum volume of 500 MWh over the next 12 months and a minimum targeted BESS volume of 30-40+ GWh to be manufactured over the next 10 years, this agreement is anticipated to facilitate multi-gigawatt hours (GWh) of Energy Vault BESS deployments, which will help India's renewable energy scale-up and energy storage needs.

Through this collaboration, Energy Vault and SPML will provide industry-leading competitiveness in India's expanding energy storage sector by utilizing the cost advantages of localized manufacturing and SPML's extensive local market knowledge. In addition to long-term recurring royalty revenue streams, Energy Vault will get upfront license payments under the agreement.

B-VAULT is a suite of fully integrated battery energy storage solutions that are made to be dependable, flexible, and available. It is intended to satisfy short- to medium-term energy storage requirements. Customers can choose from a variety of battery and inverter vendors thanks to innovative enclosure architecture, and special AC-coupled and DC-coupled configurations offer the drop-in flexibility required for every project. Cutting-edge cybersecurity and safety features, native VaultOS EMS integration, and affordable project pricing all work together to meet client demands.