What are India's goals for non-fossil fuel-based energy by 2030?
India aims to achieve 50% cumulative installed capacity from non-fossil fuel-based energy resources by 2030. Additionally, India has pledged to reduce the emission intensity of its GDP by 45% by 2030 compared to 2005 levels.
Why are Energy Storage Systems (ESS) important for renewable energy integration in India?
Energy Storage Systems are crucial for handling the variability and intermittency of renewable energy sources like solar and wind. ESS helps in maintaining grid stability and ensuring an uninterrupted power supply by storing energy when production exceeds demand and releasing it during peak demand periods.
What are the projected energy storage capacity requirements according to the National Electricity Plan (NEP) 2023?
By 2026-27, the projected energy storage capacity requirement is approximately 82 GWh, split between 48 GWh from Pumped Storage Plants (PSP) and 35 GWh from Battery Energy Storage Systems (BESS). By 2031-32, this requirement is expected to increase to around 411 GWh, with 175 GWh from PSP and 236 GWh from BESS.
How significant will the demand for ESS be by 2047?
By 2047, the demand for energy storage is expected to reach approximately 2380 GWh due to the increased integration of renewable energy. This includes about 540 GWh from PSP and 1840 GWh from BESS, aligning with India's net-zero emissions targets set for 2070.
What is the Energy Storage Obligation (ESO), and how does it impact renewable energy usage?
The Energy Storage Obligation requires obligated entities to gradually increase their energy storage capacity, starting from 1% in FY 2023-24 to 4% by FY 2029-30, with an annual increase of 0.5%. This obligation must be fulfilled by ensuring that at least 85% of the total energy stored annually is procured from renewable energy sources.
Energy Storage Systems play a pivotal role in enhancing the reliability and efficiency of India's power grid as the country transitions to a more sustainable energy landscape. They not only help in managing the supply and demand of energy from renewable sources but also contribute to significant reductions in carbon emissions.
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