BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank
banner

Energy Storage Obligation (ESO) in India



  May 04, 2024

Energy Storage Obligation (ESO) in India



What is the Energy Storage Obligation (ESO)?

The Energy Storage Obligation (ESO) in India is a regulatory framework that mandates a gradual increase in the proportion of energy consumed from solar and/or wind sources, incorporating energy storage capabilities. It aims to facilitate a higher deployment of renewable energy by enhancing grid stability and managing the variability of solar and wind energy production.

How does the ESO framework function?

The ESO sets specific yearly targets for the percentage of energy that must be stored and later utilized, starting from 1% in the fiscal year 2023-24 and increasing to 4% by 2029-30. These targets provide a structured pathway for the integration of renewable energy and the implementation of advanced energy storage technologies to ensure a consistent and reliable power supply.

What are the year-wise targets for ESO?

The targets for the Energy Storage Obligation are set as follows:

● 2023-24: 1%

● 2024-25: 1.5%
● 2025-26: 2%
● 2026-27: 2.5%
● 2027-28: 3%
● 2028-29: 3.5%
● 2029-30: 4%

What benefits does the ESO provide?

The incorporation of energy storage within the ESO framework offers multiple advantages, including better management of the seasonality associated with renewable energy sources. By using energy storage systems, excess renewable energy generated during peak periods can be stored and used during periods of low generation, thus enhancing the stability and reliability of the power supply.

How has the Ministry of Power clarified the role of energy storage in the power sector?

In January 2022, the Ministry of Power clarified that energy storage systems (ESS) could be utilized either on a standalone basis or in conjunction with generation, transmission, and distribution. The classification of ESS will depend on its application area, allowing for more flexible and efficient integration into India's power infrastructure.

What impact does the ESO have on utility-scale energy storage requirements?

The Council on Energy, Environment and Water (CEEW) has projected a significant increase in battery demand as a result of the ESO. For example, in the fiscal year 2023-24, the storage requirement is estimated to be around 16 GWh, increasing to 91 GWh by 2029-30. These projections highlight the growing need for large-scale energy storage solutions to meet the ESO targets.

Conclusion

The Energy Storage Obligation creates a compelling incentive for industries and utilities to invest in energy storage solutions. By complying with the ESO, stakeholders are expected to support the growth of renewable energy, drive technological advancements in energy storage, and contribute to India's ambitious energy transition goals. This strategic approach not only aids in managing the variability of renewable energy but also supports the broader objectives of energy security and sustainability.


SRIRAM's

 


Share:
 

Get a call back

Fill the below form to get free counselling for UPSC Civil Services exam preparation

 
UPSC DAILY CURRENT AFFAIRS

 
Top ten most populous countries as of 2024:
 
Curiosity rover of NASA :
 
Nitrogen Pollution in Indian Agriculture
 
Indian Vulture Decline and Conservation Efforts
 
Just Transition in India:Climate change
 
GINI COEFFICIENT and INDIA
 
INDIA'S EMPLOYMENT CRISIS
 
KARNATAKA STATE EMPLOYMENT OF LOCAL CANDIDATES BILL, 2024
 
STATES AND SCHEDULED CASTES LIST
 
CHANDIPURA VIRUS IN GUJARATQ:
 
YSMS TECHNOLOGYand MILITANCY IN JAMMU
 
RESERVATION IN THE PRIVATE SECTOR
 
INDIA and INVESTOR-STATE DISPUTE SETTLEMENT (ISDS)
 
BORDER MANAGEMENT
 
RUPEE DEVALUATION AND THE J-CURVE EFFECT