Master Class on Energy Storage Technologies, Applications & Manufacturing Process at Mumbai 17th & 18th November 2017 jointly by organised by IEEMA & IESA
Category : IESA Events
An opportunities of diversification for Indian Electrical & Electronic manufacturing companies
India recognized as the fastest growing large economy and is poised for rapid adoption of advanced energy storage technologies. Opportunities for energy storage in India cover full range of applications covering grid scale energy storage for optimizing T&D investments and enabling renewable energy integration, to providing energy access through micro-grids to over 200 M people currently not connected to electric grid, to providing batteries for the ambitious electric mobility program where India is targeting to move to all electric vehicles by 2030. India Energy Storage Alliance (www.indiaesa.info), estimates the market opportunity to be 50-70 GW (i.e. 150-200 GWh in terms of energy requirement) by 2022.
Below is the summary of key factors that will make India one of the most attractive opportunities for energy storage for next decade: 160 GW Renewable energy target: Honourable Prime Minister Shri Narendra Modi has set a target of increasing this RE capacity by 4X by 2022 to 160 GW with 100 GW solar and 60 GW Wind. Such massive integration of renewable energy would require significant investments in energy storage in Indian grid.
Ancillary Service Procurement: Central Electricity Regulatory Commission (CERC) has drafted a roadmap for procurement of ancillary services to improve grid power quality and reliability in India. This includes Frequency Regulation, which is anticipated to require 4 GW flexible resources to help Indian grid operators to balance frequency in the grid. Ancillary Service Procurement: Central Electricity Regulatory Commission (CERC) has drafted a roadmap for procurement of ancillary services to improve grid power quality and reliability in India. This includes Frequency Regulation, which is anticipated to require 4 GW flexible resources to help Indian grid operators to balance frequency in the grid.
Green Corridors: A major expansion of transmission network to integrate renewable power: Power Grid Corporation of India (PGCIL) had anticipated investments of over $25 B for expansion of transmission infrastructure to accommodate ~35 GW of Renewable power. PGCIL has also taken a lead in exploring role of energy storage as part of these upgrades.
Energy Access for all: Prime Minister Shri Narendra Modi has set an ambitious target of providing 24*7 power to all citizens by 2021. According to Ministry of power estimates currently ~200M people do not have access to grid power. Although there is a major emphasis on grid expansion, industry experts estimate that this would require over 10,000 microgrids as well.
Electric Mobility: Indian government has set up a national electric mobility mission with a goal of getting 6 Million EVs on Indian roads by 2020. Recently Shri. Piyush Goyal, former Minister of State for Power has also announced government's vision to have 100% EVs by 2030. These opportunities are expected to attract investment in 2-4 giga factories for advanced li-ion batteries in India, attracting over $3Billion in investments in next 3 years. Already, over 1 GWh of annual assembling capacity is being set up for converting imported li-ion cells in to battery modules by various Indian companies. At the same time, for every energy storage project, there is requirement for number of standard electrical components including cables, switches, racks, transformers, containers and power conversion system. This can represent at least 30% of the value of the grid scale energy storage project. IEEMA and IESA are working closely to help create awareness about this growing opportunity, so that Indian manufacturers can evaluate their existing capabilities to be part of global supply chain for energy storage ecosystem. Also, some of the companies, may be able to diversify and develop new manufacturing capabilities considering the tremendous scope for growth. IESA has set a goal of making India a global hub for manufacturing of advanced energy storage technologies by 2020 and this could also create export opportunities for other growing markets such as MENA, Africa, South East Asia for Indian manufacturing companies.