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

Next Story
Building Material

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's JSW Steel and South Korea's POSCO have announced plans to jointly invest ?650 billion (~$7.73 billion) in constructing a steel plant in Odisha. The plant, which will have an initial capacity of 5 million tons of steel annually, is part of their strategy to tap into India's rapidly growing steel market, fueled by its fast-paced economic expansion. The cooperation agreement was signed last week, although specific financial details were not disclosed. The initial investment for the project will be ?200 billion, with the plant expected to be operational by next year. Over the following thr..

Next Story
Infrastructure Urban

India's EV Charging Market Set to Reach $3.7 Billion by 2030

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices. Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%. "Fast-charging technologies and battery-swapping solutions are esse..

Next Story
Resources

IIA Kerala to host SRC 2024 on November 29-30

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter and organised by IIA Kannur Centre, will take place on November 29-30, 2024 at Vythiri Village Resort in Wayanad. This prestigious conference will bring together visionary architects from across the country  and beyond to foster a rich dialogue and exchange of innovative ideas in the field of architecture.The Southern Regional Conference serves as a premier platform for professional development, knowledge sharing, and networking within the architectural community. This year’s t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000