+
Report Highlights Need for BESS Cost Decline
POWER & RENEWABLE ENERGY

Report Highlights Need for BESS Cost Decline

A recent report emphasizes the critical need for a faster decline in the cost of Battery Energy Storage Systems (BESS) to effectively limit India's coal capacity by 2032. As India continues to push towards renewable energy adoption, the affordability and scalability of BESS technology are seen as vital to supporting this transition.

The report outlines that without significant reductions in BESS costs, India's dependency on coal could persist, complicating efforts to meet environmental goals and transition to a more sustainable energy mix. BESS plays a pivotal role in stabilizing the electricity grid by storing energy generated from renewable sources like solar and wind, thus ensuring a reliable power supply even when these sources are not producing electricity.

By reducing BESS costs, the integration of renewable energy into the grid can be accelerated, reducing the need for coal-fired power plants. The report suggests that achieving this cost decline will require concerted efforts from both the government and the private sector, including increased investments in technology development, manufacturing, and supportive policy frameworks.

The findings underscore the importance of strategic planning and innovation in energy storage to meet India's ambitious climate goals. A successful transition to a lower coal capacity by 2032 would not only contribute to global climate efforts but also enhance India's energy security and economic resilience.

This report serves as a call to action for stakeholders to prioritize the development and deployment of cost-effective BESS solutions, which are essential for enabling a cleaner, more sustainable energy future for India.

A recent report emphasizes the critical need for a faster decline in the cost of Battery Energy Storage Systems (BESS) to effectively limit India's coal capacity by 2032. As India continues to push towards renewable energy adoption, the affordability and scalability of BESS technology are seen as vital to supporting this transition. The report outlines that without significant reductions in BESS costs, India's dependency on coal could persist, complicating efforts to meet environmental goals and transition to a more sustainable energy mix. BESS plays a pivotal role in stabilizing the electricity grid by storing energy generated from renewable sources like solar and wind, thus ensuring a reliable power supply even when these sources are not producing electricity. By reducing BESS costs, the integration of renewable energy into the grid can be accelerated, reducing the need for coal-fired power plants. The report suggests that achieving this cost decline will require concerted efforts from both the government and the private sector, including increased investments in technology development, manufacturing, and supportive policy frameworks. The findings underscore the importance of strategic planning and innovation in energy storage to meet India's ambitious climate goals. A successful transition to a lower coal capacity by 2032 would not only contribute to global climate efforts but also enhance India's energy security and economic resilience. This report serves as a call to action for stakeholders to prioritize the development and deployment of cost-effective BESS solutions, which are essential for enabling a cleaner, more sustainable energy future for India.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?