IESA – IGEF open webinar on 'Future of distributed home storage systems in India'.
Home storage systems are essential to manage the power quality, reliability and energy access in rural areas. It is becoming a necessary system across the globe, including USA, Germany, Australia, China and India. With the shift in technology, Li-ion technology is widely accepted around the world. But in many remote areas including India and African counties lead acid and advanced lead acid batteries are used. With low cost of Solar PV & energy storage system has made the combination as a preferred choice for consumers. In Germany 200,000+ Home energy storage systems are sold and 65,000 systems sold with Solar PV. In US, the combination of the home storage system and Solar is eligible for 26% tax rebate. The Australian government also provides subsidy levels of $300 per kWh and $400 per kWh and the maximum subsidy of $4,000 for the home storage system. Globally, BYD, Tesla, Sonnen, Lg Chem are the leading players in this space.
India, predominantly uses lead acid battery for urban households back up. But with the cost reduction of Li-Ion battery, various companies tried to launch home energy storage systems. With higher adoption of rooftop solar, Solar+ energy storage system are evolving as an alternate solution for power back-ups in urban locality. Gradually, India might see a shift to grid-independent systems in coming years, and storage systems such as solar-plus-storage will see a significant boost in the market. It will also be likely to be a boom in the rural or off-grid solar+energy storage systems. There is no specific subsidy scheme by the government for home storage systems or Solar+ storage systems. But through the Saubhagya scheme, the government is trying to provide Solar+ Li-Ion battery system in remote areas for energy access. In this webinar, experts will highlight global and India market updates and future potential for distributed home storage systems.
Tentative Agenda
- 14:00 – 14:30: "Worldwide market development and outstanding business models" by Tobias Winter, Director, Indo-German Energy Forum
- 14:30 – 15:00: "Perspective for residential market in India" by Dr. Rahul Walawalkar, President, IESA
- 15:00 – 15:30: "Home storage systems in rural India"
- 15:30 – 16:00: Q&A
