Tuesday, October 19, 2021
BusinessIndian energy sector in next phase of transformation: IESA President

Indian energy sector in next phase of transformation: IESA President

Published: 21st Sep 2021 7:59 pm

Energy sector in India is going through a major transformation with growing impetus on renewable energy and push for electric vehicle adoption. Dr Rahul Walawalkar, president, India Energy Storage Alliance (IESA) tells Telangana Today, where India is heading across segments, opportunities and strategies that will aid growth in the future.

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Renewable energy

The Ministry of Power is looking at floating large scale project tenders. Broadly, activity has been government-dependent. India should start setting up MW-level projects rather than focusing on large scale GW projects. IESA is looking at helping in skill development to implement renewable projects, to speed up the activity.

Electric vehicles

Two-wheeler segment has done well backed by the FAME-II policy, providing incentives for the batteries. Manufacturers are now confident of the potential demand in the coming years. There is a strong incentive coming up and by 2023-24, the scale up is going to be faster. Bus segment is gradually reviving as the government assurances are there. Three-wheeler segment is a growing category with the availability of lithium and other advanced batteries. Four-wheeler (cars) segment will take time to pick up demand. Broadly, original equipment manufacturers are poised for rapid growth. The Vehicle Scrappage Policy will help accelerate adoption of electric vehicles.

Hydrogen segment

Japan and Germany have seen success in this space. And very soon Korea, China, Canada and the US are entering into this segment. Nations need to make their long-term strategy around green hydrogen, which is based on electrolysers. By 2030, this segment is expected to grow multi-fold. Green hydrogen also integrates well with renewable energy initiatives of the nations. India and the MENA region will have a significant opportunity. IESA has rolled out initiatives to encourage adoption of hydrogen. Green hydrogen also will complement green mobility and decarbonisation in petrochemicals, steel and fertilizer industry.

WESD conference

IESA is organising a 24-hour marathon World Energy Storage Day (WESD) conference on September 22, covering four global regions (encompassing Asia Pacific, India – Russia, Europe – the Middle East & Africa, and North & South America) with sessions on stationary energy storage, e-mobility, and charging infrastructure, manufacturing, innovation, R&D and green hydrogen. The conference will provide a platform for collaborations for innovation and manufacturing. Long duration energy storage is another area of focus. There will be workshops on recycling and circular economy, solar storage, energy storage modelling and managing project lifecycle, EV charging infrastructure, urban air mobility, and women in energy sector. More than 10,000 participants from 100 countries are expected to attend. More than 75 startups from 15 countries are also going to showcase their innovations, products and solutions.

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