Stationary Energy Storage India (SESI) - 2024
Integrating renewable energy in the power system is crucial for India to meet its climate goals. While initial capacities have been effectively integrated into the grid, the rising penetration of renewables in the energy mix and additional capacity addition are likely to result in system integration challenges due to the variable nature of RE and supply-demand mismatch.
Acknowledging the need of increasing the storage component in the energy mix, the Central Electricity Authority’s (CEA) report Identification of Storage Usage as a Business Case and for Ancillary Services identified Pumped Hydro Storage Systems (PSP) and Battery Energy Storage Systems (BESS) as commercially viable solutions for delivering the required storage capacity. According to National Electricity Plan’s projections, India will need energy storage capacity of 16.13 GW/82.37 GWh by 2026-27, with PSP-based storage of 7.45GW/47.65 GWh and BESS-based storage of 8.68 GW/ 34.72 GWh. By the year 2031-32, the storage capacity demand is projected to jump to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with s torage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS). Further, the Ministry of New & Renewable Energy (MNRE) intends to invite bids for 50 GW of renewable energy capacity per year for the next five years, from FY 2023-24 to FY 2027-28. This potential creates an opportunity across the electricity ecosystem from distribution, transmission, and generation.
In the backdrop of the above developments, IESA has been working with central and state government departments for accelerating the growth of the energy storage sector in India and continually advocating on the importance of creating an energy storage target for India.
Under IESA’s Beyond Batteries Initiative, IESA is also working with alternate storage technologies like a flywheel, compressed air energy storage (CAES), gravity storage, thermal storage, and others for stationary applications. IESA has also contributed to shaping the requirements of energy storage policy for India which is expected to be finalized by the Ministry of Power very soon. Overall, it is an exciting time to be in energy storage space in India.
In addition to the already existing optimistic developments in the sector, the central government has announced it will be soon launching a Production-Linked Incentive (PLI) scheme for grid-level energy storage. The Solar Energy Corporation of India (SECI), NTPC, and many states like Gujarat, Uttar Pradesh, Madhya Pradesh, and others have announced energy storage projects which are at a tendering stage. IESA is closely working with its member companies, energy storage technology providers, battery manufacturers, key renewable players, state nodal agencies and utilities, and tender authorities to develop an energy storage market.
Furthermore, in the Behind-the-Meter (BTM) space, there are huge opportunities for energy storage deployment for telecom towers, datacentres, railways, defence, and in critical infrastructure like hospitals, C&I establishments for diesel optimization.
Energy storage is also an integral part of rural and urban microgrids and can be used in developing decentralized renewable energy sector and for making grids resilient. IESA estimates the BTM application could add another 200 GWh energy storage opportunities for India.
In view of the above developments and with the intent of continuing active dialogue on the stationary storage landscape in India, IESA is delighted to announce Stationary Energy Storage in India (SESI) conference to be held on February 16, 2024. Focused on the roadmap and outlook for stationary energy storage, SESI conference will serve as a unique platform to interact, network, and learn about the stationary energy storage market landscape, government policies, new tenders, and latest project updates. SESI 2024 will also share learnings and insights from national and international storage projects and current and future technology outlooks for stationary energy storage.
SESI Conference – 2024 will bring together different stakeholders from the industry, academia, and PSUs and government departments such as the Ministry of Power, Ministry of New and Renewable Energy, the Central Electricity Regulatory Commission, SECI, NTPC, Grid-India, Power Grid Corp of India, and various State Government officials for deliberations on the current and emerging outlook for stationary energy storage in India, storage technologies, and use-case applications and necessary policy and regulatory frameworks to push storage projects in the country.
