Bondada Engineering Receives Letter of Intent for 20 MW / 120 MWh Battery Storage EPC Package
Bondada Engineering has received a letter of intent for a 20 MW / 120 MWh vanadium redox flow battery storage EPC package, Reuters reported.
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what happened
Bondada Engineering Ltd said it has received a letter of intent (LoI) for an engineering, procurement and construction (EPC) package covering a vanadium redox flow battery (VRFB) energy storage system rated at 20 MW and 120 MWh. The report was published by Reuters.
The item concerns a single storage project rather than a deal of large scale. A letter of intent does not by itself mean a signed contract, and the terms are not disclosed in the text.
why it matters
For the market this is a narrow company-level item within the grid storage segment. Long-duration VRFB storage draws attention from investors tracking grid battery projects, but the impact on the broader market is limited.
tags
instruments
sources
- Bondada Engineering Receives LoI For 20 MW / 120 MWH VRFB BESS EPC Package — Reuters, 22 October 2026 at 08:36 UTC
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