Uttarakhand Gets Nod for 76 MW Battery Storage Projects to Ease Peak-Hour Power Strain
Four large battery storage projects totalling 76 MW have been approved to help meet Uttarakhand's peak electricity demand.
Current Summary
Uttarakhand has received approval for four mega battery storage projects with a combined capacity of 76 MW, intended to support the state's electricity supply during peak demand hours. Jupiter Electric Mobility Private Limited (JEM Energy), a subsidiary of Jupiter Wagons, in partnership with Madhav Infra Projects Limited, has emerged as the lowest bidder for Cluster C of a tender floated by Uttarakhand Power Corporation Limited (UPCL) under the Tariff-Based Competitive Bidding mechanism. The project involves a 41 MW/102.5 MWh standalone Battery Energy Storage System with an estimated investment of approximately Rs 100 crore. The company said the award marks its entry into Uttarakhand as part of a broader push to build its energy storage business; it separately secured a Letter of Award in August 2026 for a 50 MW/200 MWh BESS project in West Bengal. Jupiter Wagons has said JEM Energy is targeting a total BESS order book of Rs 1,000 crore by FY27, and projects the division will achieve EBITDA positivity by Q3 FY27 and full profitability by FY28, framing the push as a strategic pivot toward green energy infrastructure. The locations, remaining developers and commissioning timeline for the other battery storage projects in Uttarakhand remain undisclosed.
What We Know
- Four battery storage projects totalling 76 MW have received approval for Uttarakhand.
- The projects are intended to help power the state during peak electricity demand hours.
- Jupiter Electric Mobility Private Limited (JEM Energy), a subsidiary of Jupiter Wagons, is the lowest bidder for a 41 MW/102.5 MWh battery storage project awarded by Uttarakhand Power Corporation Limited (UPCL), in partnership with Madhav Infra Projects Limited.
- The project is estimated to involve an investment of approximately Rs 100 crore.
- Jupiter Wagons is targeting a total BESS order book of Rs 1,000 crore by FY27 across its energy division, JEM Energy.
- The company projects EBITDA positivity for its energy storage business by Q3 FY27 and full profitability by FY28.
What Is Still Unclear
- The locations of the four battery banks.
- The developers or agencies executing the projects.
- The project cost and expected commissioning date.
What Changed
- 5 Oct, 10:50 amJupiter Wagons said its energy arm, JEM Energy, is targeting a total battery storage order book of Rs 1,000 crore by FY27, with the Uttarakhand project forming part of that push alongside a separately awarded 50 MW/200 MWh project in West Bengal. The company projects its energy storage division will reach EBITDA positivity by the third quarter of FY27 and full profitability by FY28, describing the move as a strategic pivot toward grid-scale green energy infrastructure.
- 5 Oct, 09:41 amJupiter Electric Mobility Private Limited (JEM Energy), a subsidiary of Jupiter Wagons, has emerged as the lowest bidder for a 41 MW/102.5 MWh battery storage project under Uttarakhand Power Corporation Limited's (UPCL) tender, in partnership with Madhav Infra Projects Limited, with an estimated investment of approximately Rs 100 crore.
- 3 Oct, 09:31 amSignal detected: Uttarakhand Gets Nod for 76 MW Battery Storage Projects to Ease Peak-Hour Power Strain