Govt working on Energy Storage Policy
POWER & RENEWABLE ENERGY

Govt working on Energy Storage Policy

As part of India's green energy drive, the government is working on an Energy Storage policy for the large-scale integration of renewable energy with India's power system.

There is increasing traction for hydropower plants among Indian clean energy majors. Large storages can assist in keeping India’s power grids stable, given electricity is generated intermittently from clean energy sources like solar and wind. The plan is to utilise cheap green power during off-peak hours to raise water to a height and then release it into a lower reservoir to produce electricity.

The Ministry of Power has asked for suggestions concerning the formulation of a comprehensive policy framework and recommend other interventions to boost energy storage in the power sector.

India has touched 100 GW of established solar and wind capacity, with another 63 GW under development. The idea is to achieve 175 GW renewable energy capacity by 2022 and 450 GW by 2030. This enormous injection of electricity in the grid from sources like solar and wind needs a storage mechanism that can aid to balance the national electricity grid.

A 6 October public notice from the ministry said that the Government of India aims to bring out a comprehensive policy on energy storage in the power sector.

The policy would broadly concentrate on demand management, regulatory, financial and taxation, technological factors to ramp up the execution of storage capacity driven by the need to have enhanced flexibility in the Indian power system to absorb the large scale integration of the renewable energy into the system in the following years.

India aims to bring a policy to support hydro pump storage schemes with about 96 GW recognised as a potential capacity for the same.

As we have reported earlier, India is on track to gain 450 GW established capacity from renewable energy by 2030.

It comes when India aims to install a 14 GWh grid-scale battery storage system at the world’s largest renewable energy park at Khavda in Gujarat and aims to float tenders for the largest global tender for installing a 13 GWh grid-scale battery storage system in Ladakh.

Image Source


Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

As part of India's green energy drive, the government is working on an Energy Storage policy for the large-scale integration of renewable energy with India's power system. There is increasing traction for hydropower plants among Indian clean energy majors. Large storages can assist in keeping India’s power grids stable, given electricity is generated intermittently from clean energy sources like solar and wind. The plan is to utilise cheap green power during off-peak hours to raise water to a height and then release it into a lower reservoir to produce electricity. The Ministry of Power has asked for suggestions concerning the formulation of a comprehensive policy framework and recommend other interventions to boost energy storage in the power sector. India has touched 100 GW of established solar and wind capacity, with another 63 GW under development. The idea is to achieve 175 GW renewable energy capacity by 2022 and 450 GW by 2030. This enormous injection of electricity in the grid from sources like solar and wind needs a storage mechanism that can aid to balance the national electricity grid. A 6 October public notice from the ministry said that the Government of India aims to bring out a comprehensive policy on energy storage in the power sector. The policy would broadly concentrate on demand management, regulatory, financial and taxation, technological factors to ramp up the execution of storage capacity driven by the need to have enhanced flexibility in the Indian power system to absorb the large scale integration of the renewable energy into the system in the following years. India aims to bring a policy to support hydro pump storage schemes with about 96 GW recognised as a potential capacity for the same. As we have reported earlier, India is on track to gain 450 GW established capacity from renewable energy by 2030. It comes when India aims to install a 14 GWh grid-scale battery storage system at the world’s largest renewable energy park at Khavda in Gujarat and aims to float tenders for the largest global tender for installing a 13 GWh grid-scale battery storage system in Ladakh. Image SourceAlso read: India on track to reach 450 GW RE capacity by 2030: Power ministry

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000