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IESW 2023 Kickstarts with Energy Experts from 25 Countries to Grace the Event

Tarun Kapoor, Advisor to Prime Minister of India inaugurated IESW 2023, which is being organised from May 1 to 5 at Pragati Maidan in New Delhi by IESA.

May 04, 2023. By Anurima Mondal

India has set a goal to achieve net-zero carbon emissions by 2070 and has been taking significant steps in this direction. With projections showing India as the world's third-largest economy by 2030, the country is not just an emerging powerhouse but also a sustainable one.

Supporting India’s ambitious net-zero carbon emission goal, clean energy experts and manufacturers from over 25 countries gathered in the national capital at the India Energy Storage Week (IESW) 2023 organised by India Energy Storage Alliance (IESA).

Marking the beginning of a new era of clean energy transition in India, IESW 2023 kicked off with a dazzling opening ceremony at Pragati Maidan in New Delhi.

Tarun Kapoor, Advisor to PM, PMO India inaugurated IESW 2023 and addressed the need for all the sustainability and clean energy stakeholders to come together and support India in becoming a world leader in green energy transition.

"The future of energy is entirely dependent on innovations and cost-effective storage solutions. Currently, renewable energy accounts for 22-23 percent of installed capacity and as a country, we can take it up to 50 percent. However, to go beyond that and even now, we need to invest in storage solutions for our grids, which utilise high energy density and safe materials that are available in India,” he said.

Further he added, “The transition to electric vehicles, including four-wheelers and two-wheelers, requires large-scale storage solutions. We must be self-reliant and manufacture everything in India, while also investing in R&D to innovate and develop products that suit our requirements and materials available in the country. We already have production-linked incentive (PLI) scheme for batteries manufacturing in India. There could be another phase of the PLI scheme and going forward we can think of some other support (for batteries manufacturing) if required. We hope that manufacturing comes into India and if manufacturing comes to India, the price will certainly go down. We also need to secure minerals and raw materials required for manufacturing, such as lithium. Although we currently have limited reserves of lithium in India, we have only explored 8 percent of our country so far. We are confident that if we explore more, we will discover lithium and other minerals as well."

Commenting on the event, Dr Rahul Walawalkar, President of IESA, said, “India is strongly focused towards clean energy transition aiming high for the growth of e-mobility as well as renewable energy. With the vision set by the Prime Minister, we have a wonderful opportunity to make India a global hub for manufacturing, R&D and adoption of advanced energy storage, e mobility and green hydrogen technology within the coming decades. We have a long way to go but we have a very strong believe that India has tremendous capability and an ecosystem that can contribute for this transition. And through IESA and IESW, we are looking at providing a platform for collaboration as all the stakeholders need to come together to create a robust ecosystem for making India a global hub”.

IESW 2023 witnessed the signing of various MoUs including MoU between IESA and Singapore Battery Consortium (SBC), MoU Exchange between IESA and The Electronics Sector Skills Council of India (ESSCI) and more.

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Net-zero carbon emissions goals

Renewable Energy in India