Recent Trends Project India as Growth-Centric, Investor-Friendly, Environment Conscious Country

The recent developments and trends in the energy sector project India as a growth-centric, investor-friendly and environmentally conscious country, said Dr. Rahul Walawalkar, President & MD, CES India.

November 11, 2020. By Manu Tayal

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The recent developments and trends in the energy sector project India as a growth-centric, investor-friendly and environmentally conscious country, said Dr. Rahul Walawalkar, President & MD, CES India.

Dr. Walawalkar further said, the third largest automotive market in the world- India is setting its course for a future where road transport is powered by zero emissions and the EV market is anticipated to grow at a robust CAGR of 43.13 percent during the period - 2019 to 2025.

Energy storage thus holds enigmatic importance, IESW brought together global leaders and stakeholders to uncover the possibilities of making India a global hub of EV manufacturing in times to come. We’re overwhelmed by the response received from the industry during IESW and look forward to the 2021 event, he added.

He was speaking during the India Energy Storage Week (IESW) virtual conference and exhibition organized by India Energy Storage Alliance (IESA) from November 3 to 6, 2020.

The 5-day flagship event featured thought-igniting sessions on Make in India, Global EV manufacturing ecosystem, Regulatory and Policy on electric mobility, R&D, Skill Development, Capacity building, and many more.

Some of the eminent dignitaries included Former Minister Suresh Prabhu; Indu Shekhar Chaturvedi- Secretary, MNRE; Sanjeev Chawla- Director, MSME; Anil Srivastava- Principal Consultant &  Mission Director, NITI Aayog; Jayesh Ranjan- Principal Secretary to Government of Telangana, Industries & Commerce (I&C) Department, & (ITE&C ); Sameer Pandita- Director, BEE; Dr P C Pant- Former Advisor, MNRE; Dr. Rahul Walawalkar- President & MD, CES-India; Sanjay Banga- President T&D, Tata Power; Naveen Munjal- Managing Director, Hero Electric Vehicles; Sulajja Firodia Motwani- Founder & CEO, Kinetic Green Energy & Power Solutions; Rohit Modi- President & Country Head, SB Energy (Softbank Group); Vikram Gulati- Senior Vice President & Country Head, Toyota Kirloskar Motors; Anshul Gupta- Director, Okaya Power, and many more.

During IESW, IESA launched MIGHT (Mobility and Infrastructure with Green Hydrogen Technology) Initiative to focus work on hydrogen production, storage and applications including stationary power generation, transportation and other usage in India.

Furthermore, IESA organised a dedicated session on “Women in Energy Storage & EV’’ to promote the women participation in these emerging areas. It also launched an informal women’s group “IESA-WEN (ESA- Women in Energy Network)” where women can take advantage of various IESA activities throughout the year and invites women leaders to join the group. IESA will also work with 100+ members to increase participation of women in this emerging sector.

At the event, the United Nations Industrial Development Organization (UNIDO) in association with IESA and Customized Energy Solutions (CES) also announced the launch of UNIDO FLCTD – Energy Storage Innovation challenge. Startups and leading companies are invited to apply for the innovation challenge before December 18, 2020, to get a grant of upto USD 50,000 for demonstration projects and beta deployments in energy storage & e-mobility space in India.

“It is great to see the industry being upbeat about the e-mobility sector. The size of the e-vehicle value chain is pegged to be around $5 billion by 2025 which also makes a case for accelerating the adoption of e-mobility in the country. I strongly believe that the disruptors like a battery, transport as services, and electric vehicles will lead the market growth. It is for the ecosystem, stakeholders, and industry to make the most of the policy incentives that have been provided for the e-mobility sector,” said Anil Srivastava, Principal Consultant & Mission Director, NITI Aayog.

Sanjeev Chawla, Director, Ministry of Micro, Small and Medium Enterprises (MSME) said, “We aim to prepare the youth ready for the newly emerging sector in the country. From 1st July 2020, the definition of MSME has broadened. A lot many companies will be covered under this new spectrum. MSME Funds of Fund is a new kind of funding for equity infusion under MSME. Credit Guarantee of Loan for MSME covering guarantee up to Rs 2 crore with limited collateral. Intervention Loan is also one of the new initiatives. The Credit-linked Subsidy Scheme is also one of the helpful schemes for MSME development. The Champion Desk is set up to guide the entrepreneur to solve their issues in setting up new businesses. During COVID-19, the Emergency Credit Line was set to solve the liquidity issue for the MSME entrepreneurs.”

“The willingness of the masses to adopt e-mobility made a case for implementing effective charging infrastructure in the state. We were fortunate to have Fortum to come forward and help us set charging infrastructure along with IOCL and Powergrid Corporation. The electric storage system is integral for the success of e-mobility. One area which we looked into is the standardization of equipment which is required. Our target is to ensure 100 charging stations to be established in the state. I do believe, greater adoption of e-vehicles will address some of the burning issues around the sector. We are looking to create a conducive environment for making the state a hub for innovation and development,” said Jayesh Ranjan IAS, Principal Secretary to Government of Telangana, Industries & Commerce (I&C) Department, & (ITE&C Department).

Dr R Harikumar, Director in Charge, Energy Management Centre- Kerala, The first State Government in India to establish an Energy Management Centre (EMC) at State level said, “ While working on energy efficiency, we found the net energy consumption has increased. We call it the rebound effect and it is a great challenge. Be it any sector, the growth of waste is also one of the key challenges that has been observed. In India, taxi aggregators are increasingly promoting the use of e-vehicles. ICT has come in a big way in the transport sector. Battery as a service must be promoted. ICE vehicles need to be replaced with battery-operated electric vehicles for reducing emissions to a greater extent. We need to branch out our training programs to more professionals other than budding engineering students and include non-technical students as well and make them industry-ready.”

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