TMT technology metals australia limited

Inda " to become a feather in our cap"

  1. 5,469 Posts.
    lightbulb Created with Sketch. 769

    Indiaadds Energy Storage Obligation policy to renewable energy purchase scheme -Energy Storage NeIndia’s government has added anEnergy Storage Obligation alongside its Renewable Purchase Obligation for thefirst time.

    Meanwhile, agovernment thinktank has predicted around 180GWh of demand for batteries forstationary energy storage systems (ESS) by 2030.

    Last week, thecountry’s Ministry of Power issued an order revising the tariff policy aroundRenewable Purchase Obligations (RPO), through which entities such aselectricity distribution licensees must ensure a minimum of energy consumedcomes from renewable sources.

    Earlier thisyear, Power Minister RK Singh said energy storage would be included in thepolicy. The new order sets a trajectory to the years 2029-2030.

    ws(energy-storage.news)

    Government thinktank estimates 182.9GWh cumulativeESS battery demand 2021-2030

    The order is thelatest step in market-seeding activities by the government of India, which istargeting a total of 500MW generation capacity from non-fossil fuel sources by2030, including 450GW of wind and solar PV, and has already exceeded 150GW.

    The national CentralElectricity Authority has previously determined that this will require about28GW/108GWh of energy storage to integrate into electricity networks.

    However, industry group India EnergyStorage Alliance (IESA) has modelled a need for 160GWh or more of storage by that time, and a new report from government tech and innovation Niti Aayog forecasts that it could be even higher.

    Last week Britishpolitician and COP26 president Alok Sharma met with Niti Aayog CEO ParameswayanIyer and its vice chairman Suman Bery to discuss collaboration between the UKand India on electric mobility as well as reuse and recycling in the batterymarket.

    The think tank hasproduced a report in partnership with the UK government on the prospects foradvanced chemistry cell (ACC) battery recycling and reuse in India. India iscurrently supporting private entities from home and abroad to set up 50GWh ofannual ACC manufacturing capacity by 2025 and is hotly anticipating much more will come online.

    While the reporttherefore focuses on various aspects of the battery industry ecosystem, itbegins with an estimated forecast of demand for batteries across all sectors to2030.

    It predicts a totalcumulative potential demand between 2021 and 2030 of 600GWh: electric vehicles(EVs) of various kinds take the biggest share at 380.6GWh, while gridapplications total 136.4GWh, behind-the-meter applications 46.5GWh, whileconsumer electronics demand for batteries is forecast at about 36.4GWh.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.