Govt working on Energy Storage Policy
POWER & RENEWABLE ENERGY

Govt working on Energy Storage Policy

As part of India's green energy drive, the government is working on an Energy Storage policy for the large-scale integration of renewable energy with India's power system.

There is increasing traction for hydropower plants among Indian clean energy majors. Large storages can assist in keeping India’s power grids stable, given electricity is generated intermittently from clean energy sources like solar and wind. The plan is to utilise cheap green power during off-peak hours to raise water to a height and then release it into a lower reservoir to produce electricity.

The Ministry of Power has asked for suggestions concerning the formulation of a comprehensive policy framework and recommend other interventions to boost energy storage in the power sector.

India has touched 100 GW of established solar and wind capacity, with another 63 GW under development. The idea is to achieve 175 GW renewable energy capacity by 2022 and 450 GW by 2030. This enormous injection of electricity in the grid from sources like solar and wind needs a storage mechanism that can aid to balance the national electricity grid.

A 6 October public notice from the ministry said that the Government of India aims to bring out a comprehensive policy on energy storage in the power sector.

The policy would broadly concentrate on demand management, regulatory, financial and taxation, technological factors to ramp up the execution of storage capacity driven by the need to have enhanced flexibility in the Indian power system to absorb the large scale integration of the renewable energy into the system in the following years.

India aims to bring a policy to support hydro pump storage schemes with about 96 GW recognised as a potential capacity for the same.

As we have reported earlier, India is on track to gain 450 GW established capacity from renewable energy by 2030.

It comes when India aims to install a 14 GWh grid-scale battery storage system at the world’s largest renewable energy park at Khavda in Gujarat and aims to float tenders for the largest global tender for installing a 13 GWh grid-scale battery storage system in Ladakh.

Image Source


Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

As part of India's green energy drive, the government is working on an Energy Storage policy for the large-scale integration of renewable energy with India's power system. There is increasing traction for hydropower plants among Indian clean energy majors. Large storages can assist in keeping India’s power grids stable, given electricity is generated intermittently from clean energy sources like solar and wind. The plan is to utilise cheap green power during off-peak hours to raise water to a height and then release it into a lower reservoir to produce electricity. The Ministry of Power has asked for suggestions concerning the formulation of a comprehensive policy framework and recommend other interventions to boost energy storage in the power sector. India has touched 100 GW of established solar and wind capacity, with another 63 GW under development. The idea is to achieve 175 GW renewable energy capacity by 2022 and 450 GW by 2030. This enormous injection of electricity in the grid from sources like solar and wind needs a storage mechanism that can aid to balance the national electricity grid. A 6 October public notice from the ministry said that the Government of India aims to bring out a comprehensive policy on energy storage in the power sector. The policy would broadly concentrate on demand management, regulatory, financial and taxation, technological factors to ramp up the execution of storage capacity driven by the need to have enhanced flexibility in the Indian power system to absorb the large scale integration of the renewable energy into the system in the following years. India aims to bring a policy to support hydro pump storage schemes with about 96 GW recognised as a potential capacity for the same. As we have reported earlier, India is on track to gain 450 GW established capacity from renewable energy by 2030. It comes when India aims to install a 14 GWh grid-scale battery storage system at the world’s largest renewable energy park at Khavda in Gujarat and aims to float tenders for the largest global tender for installing a 13 GWh grid-scale battery storage system in Ladakh. Image SourceAlso read: India on track to reach 450 GW RE capacity by 2030: Power ministry

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement