New Delhi [India], In a significant step towards accelerating India's transition to a sustainable and environment-friendly energy landscape, the Indian Renewable Energy Development Agency Limited (IREDA) has launched a financing scheme for GIF City, Gandhinagar. A special office has been inaugurated in. According to a press release from the Ministry of New and Renewable Energy, the establishment of this office is a step towards realizing the country's aspirations for a green future by offering loan options in foreign currencies to green hydrogen and renewable energy manufacturing projects. Pradeep Kumar Das, Director, Chairman and Managing Director, IREDA, underlined the importance of this initiative during a panel discussion on “Future Growth Opportunities for Long-Term Energy Storage” at the World Future Energy Summit 2024 in Abu Dhabi on April 17. Which highlighted the important role of energy storage. Achieving the ambitious targets set under the National Green Hydrogen Mission, he outlined key priorities to advance storage technologies, read press release With the aim of reducing the cost and enhancing the performance of energy storage at the center of his speech There was an imperative need to intensify research and development efforts. Solutions Additionally, he stressed the importance of implementing policies towards strengthening supply chain networks to facilitate the successful deployment of energy storage technologies.Providing competitive and customized financing solutions will encourage investment in energy storage projects, thereby accelerating their adoption in India. Actively took various measures to strengthen its energy storage infrastructure. These include the creation of a comprehensive storage requirement roadmap till 2047, technology-agnostic storage tenders, a supportive government intervention to promote battery manufacturing and pumped storage hydropower projects. The Central Electricity Authority of India estimates an adequate storage requirement of about 400 gigawatt-hours. (GWh) By 2030-32, the estimated investment required is more than Rs.The Rs 3.5 lakh crore IREDA, renowned for its role in renewable energy financing, has been at the forefront of providing innovative financial products for emerging technologies at competitive rates. With its strong commitment to support the deployment of energy storage technologies in India, IREDA aims to catalyze the same. The nation's transition towards a sustainable energy ecosystem.