New Delhi, March 13 -- ACME Solar share price jumped over 9% on Friday, March 13 after it announced that through its various subsidiaries, it has commissioned 142.67 MW/481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW/2011.24 MWh under these SPVs in Rajasthan.

These BESS are connected with the existing operational Inter-State Transmission System (ISTS) and will run on a merchant basis on a short-term basis, generating additional revenue stream through price differential between peak and non-peak demand hours.

Eventually they will be integrated with respective FDRE projects, which will then continue under the PPA for 25 years, stated ACME Solar.

Overall, the firm's current po...