News | Headlines
India approves $19.3 bn Green Energy Corridor scheme Phase-III
India Transmission & distribution The Union Cabinet of India has approved the Green Energy Corridor Phase-III scheme designed to develop intra-state transmission systems and deploy battery energy storage systems (BESS) across the country. The move involves a total project outlay of $19.3 bn (Rs1.86 tn), with the aim of enabling the evacuation of up to 135 GW of renewable energy within states and union territories. According to the government, the scheme includes Rs1.36 tn allocated for developing intra-state transmission networks and Rs500bn for installing 50 GW-hours of BESS. The initiative is due to be set up by financial year 2032–33. Central Financial Support for the project
has been confirmed at Rs540 bn. This assistance is intended to offset intra-state transmission charges, a measure expected to help stabilise power costs for end users. The government has said that state transmission utilities will serve as the main implementing agencies for the project. Greenfield projects under the transmission component are to be developed using tariff-based competitive bidding, while brownfield upgrades and network strengthening will use a cost plus approach. Private and public transmission service providers will be able to participate under the Build-Own-Operate-Maintain model. A key element of the scheme is the
Wärtsilä and RCT launch energy storage integrator
deployment of BESS energy storage. These schemes are intended to offer grid flexibility, manage intermittency and address peak-hour curtailment issues, as well as help meet power demand outside of solar generation hours.
The Green Energy Corridor Phase-III is expected to support the national target of 900 GW of installed non-fossil energy capacity by 2035. It is also set to contribute to long-term energy security and promote sustainable economic growth by reducing the nation’s carbon footprint. All projects under the scheme will focus on enhancing the integration and evacuation of renewable energy within states and union territories.
Great British Energy expands
Image credit: Wärtsilä
Worldwide Instrumentation & controls
Technology group Wärtsilä and RCT Solutions have launched Valo, a battery energy storage system integrator designed to help customers navigate the growing complexity of delivering utility-scale energy storage projects. Storage projects are getting bigger, but scale is only part of the challenge. The real complexity lies in delivering systems that can meet evolving grid and market requirements globally, executing flexible, secure, and resilient responses in microseconds. This is where Valo’s end-to-end system is claimed to be unique. “Customers should not have to manage a collection of technologies and vendors and hope everything works together as intended,” said Dr Luke Witmer, chief technology officer of Valo. “The performance of an energy storage project depends on how effectively every element of the system is managed altogether. Integration defines outcomes. Valo is built to take accountability for those outcomes
by bringing hardware, software, engineering, and long-term services together under one roof.”
Valo already exists, without being a separate entity, as Wärtsilä’s Energy Storage business offering system integration services, utility-scale storage technology, intelligent controls and optimisation software, and lifecycle services. Germany- based RCT Solutions contributes engineering expertise, global supply chain capabilities, and international experience designing and establishing large-scale battery and solar manufacturing operations.
Valo enters the market with 20+ GWh in over 130 utility-scale energy storage projects worldwide. For existing customers, the new company will provide continuity alongside expanded capability, with the technologies and teams they know remaining in place, but supported by broader supply chain and manufacturing expertise.
Valo is owned equally by Wärtsilä and RCT Solutions. It has operations in Australia, Europe, Asia, and the Americas.
6 | October 2026 |
www.modernpowersystems.com
offshore fund United Kingdom Wind power Great British Energy has expanded its £300 million Supply Chain Fund for offshore wind and electricity networks, increasing the number of eligible critical components from 12 to 29. The expansion opens capital grant opportunities for UK manufacturers producing equipment used across the two sectors. Round 4 of the fund is now open, with applications closing on 10 December 2026. The 17 newly eligible components include offshore wind equipment such as jackets, generators, gearboxes and power converters. The electricity networks category now also covers high-voltage (HV) bushings, converter valves and components for HVDC converter stations and HVAC substations. Great British Energy said the expanded list reflects updated market intelligence and evidence on components where supply constraints could affect the delivery of new clean energy infrastructure. The fund is part of the organisation’s £1 billion ‘Energy Engineered in the UK’ programme, which is intended to support investment in domestic clean energy supply chains and manufacturing capacity. The organisation has also introduced a process allowing manufacturers, trade bodies and other industry stakeholders to submit evidence for additional components to be considered for funding.
Great British Energy said the eligibility list will remain under review as market conditions and supply chain constraints change. Updated scheme guidance has also been published, including further information on grant intensity and evidence requirements. The wider fund is intended to address supply constraints at different stages of the manufacturing chain.
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