Despite a good talent pool, India lacks R&D in battery cells manufacturing
In an interview with POWER TODAY, Dr Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA), recommends that India must actively pursue bilateral agreements with rare Earth-rich nations, besides exploring such materials on its own territory to successfully meet the requirements of the emerging energy storage industry.
India's Storage Opportunity
A recent study has claimed that India would overtake China by a wide margin to become the world's leader in renewable energy by 2050.
Advanced Technologies can Transform Energy Sector
Energy storage technologies have huge potential to significantly contribute to the transformation of Indian electric grid towards a greener, resilient and reliable grid within the next decade.
Energy storage market to touch 70 GW by 2022
The market for energy storage in the south Asia region is dominated by India. As per estimates, India could attract investments in the energy storage devices manufacturing to a tune of $6 billion in the short-term. The total energy storage market between 2015 and 2022 in India is expected to go up from 4.4 GW to 70 GW, according to India Energy Storage Alliance (IESA).
Storing the Sun
With increase in share of renewables in the distribution system, it has become indispensable to incorporate large scale integration of energy storage, which gives flexibility to quickly ramp up supply in case the need arises.
Debi Prasad Dash, Director - India Energy Storage Alliance (IESA), Customized Energy Solutions, speaks about how Indian solar companies are eyeing to diversify their business into the energy storage space.