FTI Consulting, TERI Suggest ‘Integrated Renewable-Battery Tech Electric-Hydrogen Clean Energy Roadmap’ for Energy Transition

In line with Prime Minister Narendra Modi’s recent announcement of the National Hydrogen Mission, think tanks FTI Consulting and The Energy and Resources Institute (TERI) have jointly launched the South Asia New Energy Series Report 2021, which proposed an integrated renewable-battery tech-hydrogen clean energy roadmap.

The report has made 15 recommendations, covering clean energy policy, finance, transport and infra, industrial decarbonisation and social impact.
The IH2A (India Hydrogen Alliance) together with TERI recently completed a 5-part South Asia New Energy Series that focussed on ‘Building a Renewables-EV-Hydrogen Clean Energy Pathway’ for India bringing together global and domestic clean energy stakeholders – policymakers, investors, industry, technical experts, environmentalists, and civil society, to discuss concerted decarbonization actions in South Asia, with a focus on the complementarity between renewables, EVs and hydrogen energy systems.

Further, the recommendations of the South Asia New Energy report have already been submitted to the Ministry of New and Renewable Energy (MNRE), Government of India.

The report covers inter-disciplinary issues to scaling clean technologies, from renewable, battery technologies and hydrogen, and explores how these linkages can be created as part of the clean energy transition pathway to 2030.

Explaining about the report, Amrit Singh Deo, Senior Managing Director in the Strategic Communications segment at FTI Consulting, said, “energy transition is inter-disciplinary. Achieving a smooth transition will require different stakeholders to actively collaborate on policy design, funding, supply chain development and decarbonising end-use industries and transport. The global leaders who deliberated on these issues have identified some opportunities and risks.”

The 15 recommendations were prepared after 5 consultations, in the months of June and July this year, with participation from 37 global and Indian clean energy leaders. They are:

Deo further added that “an integrated approach between different clean energy technologies is a consensus view. This is the only way to design policy changes and develop future clean energy projects. India has an opportunity to build domestic manufacturing capabilities, bring global clean energy funds to South Asia and develop a decarbonisation pathway, if it is able to get this transition right.”

“We look forward to working with all stakeholder groups, with the government and the industry, to help create the enabling policy frameworks. The fifteen recommendations are critical to develop a national energy transition and decarbonisation roadmap. India should prioritize actions on them and announce national goals and strategies for a low-carbon development. We are very pleased with the outcomes achieved through the South Asia New Energy Series report,” said Dr. Vibha Dhawan, Director General, TERI.