Time: 2024-07-21
India is undergoing a significant energy transformation , with a focus on expanding its renewable energy capacity to reduce its reliance on dirty fuels . The country has made substantial progress in ramping up its wind and solar energy production . However , one of the key challenges it faces is finding efficient ways to store this energy for use when the sun is n't shining or the wind is n't blowing.
Currently , India 's lithium - ion battery storage industry is relatively small , accounting for just 0.1 % of global battery storage systems . However , the sector is growing rapidly , with a third of the country 's total battery infrastructure coming online this year . Companies like Amperehour Energy are seeing exponential growth in orders for battery storage solutions , indicating a shift towards cleaner and more sustainable energy practices.
India currently has around 100 megawatts of storage capacity from batteries , with additional clean Energy storage coming from hydropower . The government estimates a need for 74 gigawatts of energy storage by 2032 , but experts suggest that the actual requirement may be double that amount to meet the country 's energy needs effectively.
While some customers remain hesitant about using battery technology for storage due to perceived costs and supply chain vulnerabilities , the industry is gaining momentum . Major Indian businesses are investing significantly in battery storage infrastructure , signaling confidence in the sector 's potential . Experts believe that combining clean energy sources with adequate storage can provide a viable alternative to coal for meeting the country 's energy demands.
To further drive growth in the battery sector , the Indian government has announced a substantial scheme to support additional gigawatts of battery storage by 2031 . Policy changes and incentives are expected to level the playing field between clean energy storage and traditional coal - based electricity generation , paving the way for a more sustainable energy future in India.
As India grapples with rapid growth in energy demand , the focus on renewable energy and efficient storage solutions becomes increasingly critical . The country 's unique challenges , including a growing population and rising electricity demands , necessitate innovative approaches to meet these needs sustainably . With the right government support and industry initiatives , India is poised to lead the way in clean energy storage and pave the path for a greener future.
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