Shares of Honeywell Automation India Ltd. ended flat after reaching a day’s high of Rs 51,068.95 on 5th September, following the company’s commissioning of a microgrid Battery Energy Storage System (BESS) for the Solar Energy Corporation of India’s (SECI) Lakshadweep Islands project.

This marks a step toward decarbonizing the Lakshadweep Islands and making the region more self-reliant on renewable energy.

The SECI Project at the remote Kavaratti islands of Lakshadweep is the first on-grid solar project with BESS technology to handle renewable power supply in India, according to the company’s exchange filing.

The company’s BESS technology offers solutions for storing and distributing renewable energy, providing a complete system that ensures automation, safety, operational efficiency, and remote control of battery modules and grid management.

Its technology enables renewable energy to be smoothly integrated into a microgrid, which can function independently or alongside the national grid.

Ashish Gaikwad, VP of Honeywell Industrial Automation India, said, “We remain committed to supporting the energy transition of the country and its Net Zero 2070 goal through technology and innovation.” He underlined the inescapable demand for new sources of energy like renewables.

The company contributed its Energy Management System (EMS), microgrid controller, power plant controller, and BESS subsystems to improve energy distribution and storage efficiency for the Lakshadweep project.

The project combines a 1.7 MWp solar installation with a 1.4 MWh BESS and is expected to save Rs 2500 million, reduce diesel use by 19.8 million litres, and cut 58,000 tonnes of carbon emissions over its lifetime.

At 3:30 PM, the shares of Honeywell closed 0.99% lower at Rs 49,801 on NSE.

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