Power Minister aims to cut energy storage costs from Rs 10-18/kWh
POWER & RENEWABLE ENERGY

Power Minister aims to cut energy storage costs from Rs 10-18/kWh

India's Power Minister announces plans to further reduce energy storage costs, currently at Rs 10-18 per kWh. This initiative aligns with the government's commitment to making sustainable energy solutions more affordable and accessible for a wider population.

The current cost of energy storage reflects a significant achievement in the renewable energy landscape, indicating advancements in technology and economies of scale. The Power Minister's proactive approach to decreasing these costs demonstrates the government's dedication to fostering a conducive environment for the widespread adoption of energy storage solutions.

Reducing energy storage costs is crucial for the integration of renewable energy sources into the grid and addressing the intermittency challenge. As India continues its transition towards cleaner and more sustainable energy systems, affordable energy storage solutions play a pivotal role in ensuring grid stability and reliability.

The government's commitment to driving down costs indicates a positive outlook for the renewable energy sector. It not only supports the achievement of India's renewable energy targets but also positions the country as a global leader in adopting cost-effective and sustainable energy storage technologies. This move aligns with the broader global trend of making clean energy solutions economically viable, contributing to a greener and more sustainable future.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

India's Power Minister announces plans to further reduce energy storage costs, currently at Rs 10-18 per kWh. This initiative aligns with the government's commitment to making sustainable energy solutions more affordable and accessible for a wider population. The current cost of energy storage reflects a significant achievement in the renewable energy landscape, indicating advancements in technology and economies of scale. The Power Minister's proactive approach to decreasing these costs demonstrates the government's dedication to fostering a conducive environment for the widespread adoption of energy storage solutions. Reducing energy storage costs is crucial for the integration of renewable energy sources into the grid and addressing the intermittency challenge. As India continues its transition towards cleaner and more sustainable energy systems, affordable energy storage solutions play a pivotal role in ensuring grid stability and reliability. The government's commitment to driving down costs indicates a positive outlook for the renewable energy sector. It not only supports the achievement of India's renewable energy targets but also positions the country as a global leader in adopting cost-effective and sustainable energy storage technologies. This move aligns with the broader global trend of making clean energy solutions economically viable, contributing to a greener and more sustainable future.

Next Story
Real Estate

Gujarat Struggles to Curb Illegal Constructions in Ahmedabad

The Gujarat Regulation of Unauthorised Development Act, 2022, presents a contradiction. While it ostensibly seeks to curb unauthorised development, it simultaneously legalises such constructions upon payment of a fee. Despite being introduced initially in the early 2000s, then again in 2011, and most recently enacted in 2022, the legislation has failed to halt the rise of illegal constructions or unapproved extensions to residential and commercial properties. The Ahmedabad Municipal Corporation's (AMC) practice of demolishing certain structures while regularising others for a fee has weakened..

Next Story
Real Estate

DTCP Issues Notices for Building Code Violations in Gurugram's DLF

Following a recent survey that identified illegal construction and unauthorized commercial activities at 4,183 properties in DLF Phases 1 to 5, the Department of Town and Country Planning (DTCP) informed the Punjab and Haryana High Court about the issuance of notices to property owners. DTCP indicated that 1,138 notices had already been served to homeowners in DLF Phase 3, with additional notices to be issued soon. Property owners have until January 31 to revert to the approved building designs and cease all illegal commercial operations. Failure to comply would result in demolition and seali..

Next Story
Infrastructure Urban

Gujarat HC Removes GST on Industrial Leases to Encourage Investment

The recent ruling is set to streamline transactions and potentially encourage increased investments in India’s industrial and commercial leasing sectors. The judgment addressed whether transferring leasehold rights for Gujarat Industrial Development Corporation (GIDC) plots constitutes a ‘supply’ under the GST Act. The court determined that these transactions involve the transfer of immovable property rather than a service, thereby placing them outside the purview of GST. This decision offers significant relief to industries such as manufacturing, logistics, and warehousing, where long..

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