Implementation of National Energy Storage Mission has become India’s priority to secure the leadership slot in RE and Energy Storage on the global platform. In its endeavour to drive India’s ambitious National Energy Storage Mission, Energy Storage India (ESI) begins with power packed sessions from international thinkers, industry experts, eminent industrialists and topmost policymakers.
Amitabh Kant, Chief Executive Officer, NITI Aayog said, “We have proposed to the Chief Secretaries of the States that there should be no road tax for electric vehicles and issuing the green permit for EVs. When the EV revolution happens, India would be impacted in the biggest way. These initiatives are being taken to bring the ownership cost of electric vehicles at par with combustion vehicles. For India to successfully move away from fossil-fuel dependence Oil Companies should become the Energy Companies of the future.”
He added ”Energy storage can also fuel public transport revolution in a big way. We have proposed pay per kilometre model for buses to transform the public transportation system. Also, a huge opportunity lies in the conversion of goods mobility fleets to clean fuels such LNG as 78 per cent of goods in India are transported through lorries. India must seize the 81 per cent value that lies in battery manufacturing."
Addressing the significance of Energy Storage India 2019 in Making India a global hub for advanced energy storage manufacturing, Dr. Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA) said, “With the anticipated launch of National Energy Storage and by creating policies for an accelerated energy storage adoption in the country, we can create significant interest in local manufacturing and system integration capabilities. We anticipate the energy storage market in India to grow to 300 GWh by 2025. Both Indian and global supply chain is gearing up to supply to this market. This could result in over $5 billion of investment in this sector by 2020.”
Talking about the potential of India’s Energy Storage market, Stephen Fernands, Founder & President- Customized Energy Solutions, said “Globally storage has moved from the periphery of the electric market and closer to centre stage; enabling greater concentrations of renewable generation, moving EV’s into the top tier of car sales, improving grid resiliency, and enabling a more distributed electric ecosystem. In no place in the world is the opportunity for adoption of energy storage greater than in India.”