Acme Solar Holdings shares surged more than 9% in early trade on March 13 after the company announced the successful commissioning of a large-scale Battery Energy Storage System (BESS) project in Rajasthan.
The company commissioned a 142.67 MW / 481.49 MWh BESS, marking the completion of Phase-1 of its planned 585 MW / 2011.24 MWh battery energy storage capacity. The development represents a key step in Acme Solar’s strategy to expand its energy storage portfolio and strengthen grid stability in India’s renewable power ecosystem.
The newly commissioned battery storage system has been integrated with the Inter-State Transmission System (ISTS) and will initially operate on a merchant basis. Under this structure, revenue will be generated by leveraging the price differential between peak and non-peak electricity demand hours, allowing the system to charge during low-demand periods and discharge during high-demand periods.
In the long term, the battery storage systems are expected to be integrated with the company’s Firm and Dispatchable Renewable Energy (FDRE) projects, which operate under 25-year Power Purchase Agreements (PPAs).
Acme Solar Share Price Performance
As of 9:47 AM IST, Acme Solar shares were trading higher after the announcement.
The stock recorded a day’s high of ₹262.80 and a day’s low of ₹239.01, compared with the previous close of ₹240.08. The stock opened at ₹243.00.
Over the past year, the stock has touched a 52-week high of ₹324.30 and a 52-week low of ₹172.63, reflecting volatility amid developments in India’s renewable energy sector.