Report: Energy Storage Vital for India's Renewables
POWER & RENEWABLE ENERGY

Report: Energy Storage Vital for India's Renewables

A recent report underscores the critical importance of energy storage systems in facilitating the expansion of renewable energy capacity in India. As the country continues to ramp up its efforts towards a cleaner and more sustainable energy future, the deployment of energy storage technologies emerges as a key enabler for addressing intermittency challenges and ensuring grid stability.

India has set ambitious targets for renewable energy deployment, aiming to significantly increase the share of renewables in its energy mix in the coming years. However, the intermittent nature of renewable sources such as solar and wind poses challenges for grid integration and reliable power supply. Energy storage systems offer a solution to these challenges by enabling the storage of surplus energy generated during periods of high production and releasing it during times of low production or peak demand.

The report highlights the various benefits of energy storage systems, including enhanced grid stability, increased flexibility, and improved reliability of renewable energy generation. By incorporating energy storage technologies into the energy ecosystem, India can maximise the value of its renewable resources, reduce curtailment, and optimise energy management strategies.

Furthermore, energy storage systems have the potential to support various applications beyond grid integration, including electrification of remote areas, integration of electric vehicles, and decentralised power generation. These versatile applications demonstrate the multifaceted benefits of energy storage in addressing diverse energy challenges and unlocking new opportunities for sustainable development.

Despite the significant potential of energy storage systems, the report also identifies several barriers to widespread adoption, including high upfront costs, technological limitations, and regulatory constraints. Addressing these barriers will require coordinated efforts from policymakers, industry stakeholders, and research institutions to create a conducive environment for investment, innovation, and deployment of energy storage solutions.

In conclusion, the report emphasises the indispensable role of energy storage systems in India's renewable energy expansion journey. By leveraging the capabilities of energy storage technologies, India can accelerate its transition towards a low-carbon energy future, enhance energy security, and foster economic growth while mitigating the impacts of climate change.

A recent report underscores the critical importance of energy storage systems in facilitating the expansion of renewable energy capacity in India. As the country continues to ramp up its efforts towards a cleaner and more sustainable energy future, the deployment of energy storage technologies emerges as a key enabler for addressing intermittency challenges and ensuring grid stability. India has set ambitious targets for renewable energy deployment, aiming to significantly increase the share of renewables in its energy mix in the coming years. However, the intermittent nature of renewable sources such as solar and wind poses challenges for grid integration and reliable power supply. Energy storage systems offer a solution to these challenges by enabling the storage of surplus energy generated during periods of high production and releasing it during times of low production or peak demand. The report highlights the various benefits of energy storage systems, including enhanced grid stability, increased flexibility, and improved reliability of renewable energy generation. By incorporating energy storage technologies into the energy ecosystem, India can maximise the value of its renewable resources, reduce curtailment, and optimise energy management strategies. Furthermore, energy storage systems have the potential to support various applications beyond grid integration, including electrification of remote areas, integration of electric vehicles, and decentralised power generation. These versatile applications demonstrate the multifaceted benefits of energy storage in addressing diverse energy challenges and unlocking new opportunities for sustainable development. Despite the significant potential of energy storage systems, the report also identifies several barriers to widespread adoption, including high upfront costs, technological limitations, and regulatory constraints. Addressing these barriers will require coordinated efforts from policymakers, industry stakeholders, and research institutions to create a conducive environment for investment, innovation, and deployment of energy storage solutions. In conclusion, the report emphasises the indispensable role of energy storage systems in India's renewable energy expansion journey. By leveraging the capabilities of energy storage technologies, India can accelerate its transition towards a low-carbon energy future, enhance energy security, and foster economic growth while mitigating the impacts of climate change.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?