In a panel discussion on 'Future Growth Opportunities for Long Duration Energy Storage' organized at the World Future Energy Summit, Chairman and Managing Director (CMD Pradeep Kumar Das), IREDA, highlighted the strategic initiatives that will help in the green future of the country. Will contribute to the journey. 2024 on Wednesday now in Dhabi.
IREDA CMD stressed the important role of energy storage in achieving the National Green Hydrogen Mission's ambitious target of producing more than 5 million metric tonnes of hydrogen per year by 2030.
The CMD stressed the need to increase research and development efforts to reduce costs and improve the performance of energy storage solutions. He said it was necessary to implement policies that strengthen the supply chain network, providing competitive and tailored financing solutions that would incentivize investors in energy storage projects.
India has taken proactive steps in this direction, including preparation of storage requirement roadmap till 2047, technology-agnostic storage tenders and supportive government interventions for battery manufacturing and pumped storage hydropower projects. The Central Electricity Authority of India has estimated a storage requirement of about 400 gigawatt-hours (GWh) by 2030-32, with an estimated investment of over Rs 3.5 lakh crore.
IREDA CMD stressed the important role of energy storage in achieving the National Green Hydrogen Mission's ambitious target of producing more than 5 million metric tonnes of hydrogen per year by 2030.
The CMD stressed the need to increase research and development efforts to reduce costs and improve the performance of energy storage solutions. He said it was necessary to implement policies that strengthen the supply chain network, providing competitive and tailored financing solutions that would incentivize investors in energy storage projects.
India has taken proactive steps in this direction, including preparation of storage requirement roadmap till 2047, technology-agnostic storage tenders and supportive government interventions for battery manufacturing and pumped storage hydropower projects. The Central Electricity Authority of India has estimated a storage requirement of about 400 gigawatt-hours (GWh) by 2030-32, with an estimated investment of over Rs 3.5 lakh crore.
