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GE Vernova Wins 1.35-GW India Pumped-Storage Order from MEIL

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-- GE Vernova (GEV) has won an order from India's Megha Engineering and Infrastructures Limited to supply nine 150-megawatt pumped-storage units for the 1.35-gigawatt Upper Sileru hydropower project in Andhra Pradesh, it said in a Monday statement.

The project is scheduled for completion in 2030, with the facility set to rank among India's largest pumped-storage plants. It is expected to provide electricity equivalent to the annual consumption of roughly 3 million homes.

The project aims to support grid stability by storing excess renewable energy and balancing variable solar and wind generation.

GE Vernova's contract covers design, engineering, manufacturing, testing, delivery, and commissioning support for the nine vertical Francis reversible units and associated control systems.

The award marks the companies' second collaboration, following GE Vernova's ongoing delivery of four 125-MW pumped-storage units for the Kundah hydropower project.

Pumped storage acts as large-scale energy storage, enabling rapid switching between pumping and generation to manage peak demand and frequency. GE Vernova said it holds about 30% of the global installed pumped-storage base and is developing over 3 GW of projects worldwide.

Price: $1073.06, Change: $+10.11, Percent Change: +0.95%

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