AES and Mitsubishi Corporation Start Construction on India’s First Grid-Scale Energy Storage System for Tata Power-DDL

Fluence to supply 10 MW Advancion storage solution, boosting
reliability for more than 7 million customers in Delhi region

NEW DELHI–(BUSINESS WIRE)–AES India, a subsidiary of The
AES Corporation (NYSE:AES), and Mitsubishi Corporation today started
construction on India’s first utility-scale energy storage system, a 10
megawatt (MW) solution that will serve the electric grid operated by
Tata Power Delhi Distribution Limited (Tata Power-DDL). AES and
Mitsubishi Corporation will own the Advancion storage solution, which is
being supplied by Fluence. The solution is being deployed in Rohini,
Delhi at a substation operated by Tata Power-DDL. Once completed later
this year, the 10 MW solution will enable better peak load management,
add system flexibility, and enhance reliability for more than 7 million
customers in the Delhi region.

Fluence, an energy storage technology and services company owned by
Siemens and AES, will supply its Advancion technology platform for the
project. Tata Power-DDL and its customers will benefit from Fluence’s
proven and industrial-strength storage technology, which was designed
for long-term dependability. Fluence brings more than a decade of
grid-scale battery-based energy storage experience to the project, with
nearly 500 MW deployed or awarded across 15 countries.

“AES has always been an innovative company, providing safe, reliable and
affordable energy to the markets we serve. The deployment of
cutting-edge energy storage technology in India shows the commitment we
have to the country. Adding Fluence’s Advancion energy storage solution
will allow us to continue to contribute to the modernization and
enhancement of the electricity system in India,” said Mark Green,
President of AES’ Eurasia Strategic Business Unit.

“Tata Power-DDL has introduced several firsts in the distribution sector
and implemented various smart grid technologies. We are privileged to
implement India’s first utility-scale storage solution in collaboration
with AES and Mitsubishi Corporation. The first of its kind system will
help to create a business case for the deployment of storage in India,
to address challenges in the areas of peak load management, system
flexibility, frequency regulation and reliability on the network. This
project will provide a platform to demonstrate energy storage as a
critical distribution asset and help to balance distributed energy
resources, including rooftop solar,” said Mr. Praveer Sinha, CEO and
Managing Director, Tata Power-DDL.

India’s renewable energy sector is experiencing remarkable growth and
India recently expanded its renewable energy target to 175 gigawatts of
solar and wind generation by 2022. Deploying energy storage will help
network operators mitigate solar and wind resources’ variability and
reduce congestion on the region’s transmission system, delivering more
affordable, clean energy and enabling new sources of revenue from
frequency regulation and other grid services.

“We are happy to have the opportunity to work alongside Tata Power-DDL
and AES in launching this emerging and critical technology in India.
Together with our partners, we look forward to demonstrating different
applications in which battery-based energy storage can add value for
both the power grid and the people of India,” said Tsunehiro Makabe,
General Manager of Mitsubishi Corporation’s Environmental Energy
Business Department.

“The Fluence team has delivered the first grid-scale battery-based
energy storage systems in ten countries over the last decade, and we are
proud to continue that trend in India in partnership with AES,
Mitsubishi Corporation and Tata Power-DDL,” said Stephen Coughlin, CEO
of Fluence. “With our Advancion platform, Tata Power-DDL will be adding
a valuable new resource for flexibility, reliability and efficiency in
its system.”

The deployment of its first grid-scale energy storage represents the
latest step forward in modernizing India’s power system and improving
grid efficiency. AES, Mitsubishi Corporation, Tata Power-DDL and Fluence
look forward to demonstrating the benefits of battery-based energy
storage to India and its government with this groundbreaking project.

About Mitsubishi Corporation

Mitsubishi Corporation (MC) is a global integrated business enterprise
that develops and operates businesses across virtually every industry
including industrial finance, energy, metals, machinery, chemicals,
living essentials, and environmental business. MC's current activities
are expanding far beyond its traditional trading operations as its
diverse business ranges from natural resources development to investment
in retail business, infrastructure, financial products and manufacturing
of industrial goods.

With over 200 offices and subsidiaries in approximately 90 countries
worldwide and a network of over 1,200 group companies, MC employs a
multinational workforce of over 70,000 people.

About Tata Power Delhi Distribution Limited

Tata Power Delhi Distribution Limited is a joint venture between Tata
Power and the Government of NCT of Delhi. Tata Power-DDL distributes
electricity in North & North-West parts of Delhi and serves a populace
of 7 million. Tata Power-DDL has been the frontrunner in implementing
power distribution reforms and is acknowledged for its consumer-friendly
practices. Since privatization, the Aggregate Technical & Commercial
(AT&C) losses in Tata Power-DDL areas have shown a record decline.
Today, AT&C losses stand at 8.59% which is an unprecedented reduction of
over 82% from an opening loss level of 53% in July 2002. The World Bank
in its 2017 ‘Doing Business’ Report has acknowledged Tata Power-DDL’s
contribution towards improving the ease of getting electricity
connection by making the process for getting a new connection simpler
and faster. The same has also contributed in an improvement in the
ranking of India in ‘Getting Electricity’ by 44 points from 70 in 2016
to 26 in 2017. To learn more about Tata Power-DDL, please visit www.tatapower-ddl.com

About AES India

AES India is a subsidiary of The
AES Corporation (NYSE:AES), a Fortune 200 global power
company and the only global power company with a continuous presence in
India since 1992, demonstrating its long-term commitment to the Indian
power market. AES currently owns a 49% stake in Odisha Power Generating
Corporation (OPGC), operating a 420 MW thermal power plant at the IB
Thermal Power Station and constructing a 1,320 MW super critical thermal
power plant as an expansion of the existing facility. To learn more,
please visit www.aes-india.com.

About Fluence

Fluence, a Siemens and AES company, is a global energy storage
technology solutions and services company that combines the agility of a
technology company with the expertise, vision, and financial backing of
two industry powerhouses. Established in 2018, as the successor to
industry pioneers AES Energy Storage and Siemens energy storage,
Fluence’s goal is to create a more sustainable future by transforming
the way we power our world. The company offers proven energy storage
technology solutions designed to address the diverse needs and
challenges of customers in a rapidly transforming energy landscape,
providing design, delivery and integration in over 160 countries.
Fluence works closely with customers during every step of their journey
and provides advisory, financing, and project lifecycle services. To
date, Fluence’s teams have deployed or been awarded a market-leading 56
projects with a total capacity of 485 MW in 15 countries. To learn more,
please visit http://fluenceenergy.com/
and follow Fluence on Twitter at @FluenceEnergy.

Contacts

Media:
Fluence
Steven Goldman, +1 703-721-8673
or
The
AES Corporation
Amy Ackerman, +1 703-682-6399
or
Mitsubishi
Corporation Media
03-3210-2171
or
Tata Power-DDL Media
Siddharth
Singh, +91 9910990678
Siddharth Gaur, +91 9810390350