The Asia Miner

JUL-SEP 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 38 of 55

the asia miner • volume 15 • issue 3 37 AROUND THE REGION Sterling and Wilson, an Indian mulঞnaঞonal engaged in engineering, construcঞon, manufacturing and energy services, has moved into Hybrid Power Plants and Energy Storage soluঞons as part of its commitment to consistently expand its range of offerings to reflect the future of energy. The company's Hybrid & Energy Storage Business arm promises to offer hybrid power plant and energy storage soluঞons globally, focussing on front- of-meter and behind-the-meter public and private sector opportuniঞes, with special focus on lighঞng up remote islands and reducing carbon footprint of criঞcal power installaঞons running on black power. The newly introduced Hybrid & Energy Storage Business is already in advanced discussions for its first projects in Africa and Europe and is keenly exploring EPC and Co-Development opportuniঞes across conঞnents. As part of its global outlook and expansion plans, the business is acঞvely tapping talent worldwide to develop competency centres in target markets. Sterling and Wilson's strong intent to invest in the hybrid and energy storage space is backed by a visible global trend of ever increasing need for reliable power and a strong endorsement by developed economies to reduce carbon emission, within a US$6 trillion global energy industry that is ripe for disrupঞon. To lead the charge amidst such trends, the company has appointed Mr. Deepak Thakur at the helm of its Hybrid & Energy Storage Business as the CEO. Commenঞng on the new business foray, Mr. Deepak Thakur said that the global hybrid and energy storage market is esঞmated to be "around US$40 billion by 2025". "As one of the leading turnkey soluঞon providers in the world, with project management, engineering and delivery experঞse of over 8GW of diversified energy offerings across geographies, we are confident of providing our customers value for money through customised hybrid power plants and energy storage faciliঞes," concluded Mr Thakur. Given its global energy experঞse, Sterling and Wilson has an extensive focus on where and how hybrid and energy storage soluঞons can be applied across the energy sector from centralised large fossil and renewable power plants, to data centres, C&I segments and remote seমngs such as Islands. Sterling and Wilson move into hybrid power plants and energy storage solutions

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