Latest news with #11thIndiaEnergyStorageWeek
Business Standard
2 days ago
- Business
- Business Standard
India achieves 4000% growth in solar capacity; Calls for self-reliance in energy storage through R&D: Piyush Goyal
Union Minister of Commerce and Industry, Shri Piyush Goyal, while addressing the 11th India Energy Storage Week (IESW) 2025 noted the 4,000% increase in Indias installed solar capacity and stated that the countrys renewable energy capacity now stands at a robust 227 GW. He said India is likely the first G20 nation to have met its Nationally Determined Contributions (NDCs) under the Paris Agreement. Highlighting India's manufacturing progress in the last decade, Goyal said that the countrys solar photovoltaic module capacity has increased nearly 38-fold, while photovoltaic cell capacity has risen 21-fold. Congratulating India Energy Alliance and partners for curating IESW, Goyal appreciated their efforts in bringing together clean energy, storage technologies, green hydrogen, and e-mobility solutions under one platform. He emphasised that India is on a focused path to becoming energy sufficient, with the aim of having renewable energy sources power the countrys growing needs round the clock. The Minister underscored the importance of storage technologieswhether in the form of batteries, pumped storage, hydro storage, or geothermalas essential for meeting Indias future energy demands. He highlighted that the energy sector will be a driving force in India's transition to clean and renewable sources of power, and this vision has already been reflected in the countrys achievements over the last decade. The Minister emphasised that various forms of energy storage, such as pump storage and battery systems, as well as nuclear power, will support the clean energy transition. He also underlined the critical role that stakeholders will play in this mission. Proposing a comprehensive four-pronged approach for advancing Indias energy independence, Union Minister emphasised the need for targeted innovation, infrastructure development, supply chain resilience, and holistic value chain growth. He stated that India must lead in research and development for energy storage by focusing on next-generation battery chemistries, solid-state and hybrid storage technologies, and circular supply chains.
Hans India
2 days ago
- Business
- Hans India
India achieves 4,000% growth in solar capacity
New Delhi: India's installed solar capacity has grown by an unprecedented 4,000% over the past decade, taking the country's total renewable energy capacity to 227 GW. Addressing the 11th India Energy Storage Week (IESW) in the capital on Thursday, Union Commerce and Industry Minister Piyush Goyal said India may well be the first G20 nation to have achieved its Nationally Determined Contributions under the Paris Agreement. Goyal cited Palli village in Jammu and Kashmir, which has become the country's first carbon-neutral panchayat using solar power and energy efficiency measures. The IESW venue, Yashobhoomi, he pointed out, is itself designed as a sustainable complex with rooftop solar panels, wastewater treatment and energy-efficient infrastructure. Outlining the scale of India's clean energy manufacturing push, the minister said the country's solar photovoltaic module capacity has expanded nearly 38-fold in the last decade, while photovoltaic cell capacity has grown 21 times. He highlighted flagship schemes like the PM Surya Ghar Yojana, which aims to install rooftop solar panels in one crore homes, and the PM Kusum Yojana, which supports the use of solar pumps in agriculture. The Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells is also expected to boost domestic manufacturing, he added. Goyal stressed that energy storage will be critical to India's plan to meet its future energy needs through renewable sources. He said technologies such as batteries, pumped storage, hydro storage and even nuclear power would play a role in ensuring round-the-clock clean energy. Calling for a four-pronged strategy to advance India's clean energy ambitions, Goyal listed innovation, infrastructure development, supply chain resilience and an integrated value chain as key priorities. He said India must lead in research and development for next-generation battery technologies, including solid-state and hybrid storage, while also developing circular supply chains. He referred to the recent Cabinet approval of a ₹1 lakh crore Research, Development and Innovation Fund, which he said would help India match the scale of R&D spending in advanced economies due to its cost advantages. Goyal urged industry players to ramp up efforts to build charging and battery-swapping infrastructure to accelerate adoption of electric vehicles. He also stressed the need to cut dependence on limited geographies for raw materials and components by investing in resilient supply chains and new technologies.
Time of India
3 days ago
- Business
- Time of India
Energy storage companies must cut import dependence: Piyush Goyal
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged the energy storage industry to reduce dependence on imports from certain countries, explore alternative sources of supply and focus on research and development for creation of innovative products. "We must work to prevent distortions. We must reduce our dependency on particular geographies and look at alternative sources of supply, where we can have resilience in our supply chain," he said at the 11th India Energy Storage Week. Goyal said the industry should look at newer technologies to cut overdependence on imports and focus on self-sufficiency. He called for enhanced collaboration among stakeholders to build both charging and battery swapping systems, thereby accelerating electric vehicle (EV) adoption and ensuring affordable and accessible e-mobility. "He also urged the industry to build supply chain resilience by reducing dependence on specific geographies and adopting new technologies to achieve self-reliance in the energy sector," the commerce and industry said in a statement quoting Goyal. The remarks come at a time when sectors such as automobiles are facing challenges due to restrictions being imposed by China on rare earth magnets. China's fertiliser export curbs are also creating issues for Indian players. Goyal said all industry stakeholders should join hands to develop charging and battery swapping infrastructure for faster EV adoption. Noting that the government is taking measures to boost domestic manufacturing in the segment, he said, "There is a remarkable 4,000% increase in our installed solar capacity. Our overall renewable energy capacity stands at 227 GW." He further said that India's " solar photovoltaic module capacity has increased nearly 38-fold and our solar photovoltaic cell capacity has increased 21-fold".
The Hindu
3 days ago
- Business
- The Hindu
Telangana bags award for leadership in battery manufacturing
Telangana has bagged the India Energy Storage Alliance (IESA) Industry Excellence Award 2025 under the category of State Leadership – Battery Manufacturing. The recognition underscores the State's pioneering efforts in fostering a robust eco-system for battery manufacturing and new energy technologies in India, said IT, Electronics and Communications Department. The award was presented during the 11th India Energy Storage Week (IESW) 2025 in New Delhi. Telangana over past few years has emerged as a hub for advanced energy manufacturing, driven by proactive industrial policies, strategic infrastructure development and strong support for innovation. Driving these developments are progressive policies such as Telangana EV and Energy Storage Policy and Telangana Renewable Energy Policy along with the creation of dedicated industrial clusters, making Telangana an attractive investment across the battery and cell manufacturing value chain, EV assembly, and component supply, it said.
India Gazette
3 days ago
- Business
- India Gazette
India must build supply chain resilience in energy sector to achieve self-reliance: Goyal
New Delhi [India], July 10 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, on Thursday urged the industry to build supply chain resilience by reducing dependence on specific geographies and adopting new technologies to achieve self-reliance in the energy sector. Goyal stressed that India's ambition should encompass the entire value chain--from raw materials and cell components to battery packs, semiconductors, management systems, and recycling, ensuring a robust and self-sustained clean energy ecosystem. The Minister urged stakeholders to explore new opportunities to scale up operations and strengthen competitiveness. He reaffirmed India's target of achieving 500 GW of renewable energy capacity by 2030, and reiterated that energy storage will be central to this journey. As Prime Minister Narendra Modi has stated, 'Ensuring energy security for our citizens is not just a priority but also a responsibility.' On infrastructure, the Minister called for enhanced collaboration among stakeholders to build both charging and battery swapping systems, thereby accelerating electric vehicle adoption and ensuring affordable, accessible e-mobility. The Minister underscored the importance of storage technologies--whether in the form of batteries, pumped storage, hydro storage, or geothermal--as essential for meeting India's future energy demands. He highlighted that the energy sector will be a driving force in India's transition to clean and renewable sources of power, and this vision has already been reflected in the country's achievements over the last decade. The Minister emphasised that various forms of energy storage, such as pump storage and battery systems, as well as nuclear power, will support the clean energy transition. He also underlined the critical role that stakeholders will play in this mission. While addressing the 11th India Energy Storage Week (IESW) 2025 today in New Delhi, noted the 4,000 per cent increase in India's installed solar capacity and stated that the country's renewable energy capacity now stands at a robust 227 GW. He said India is likely the first G20 nation to have met its Nationally Determined Contributions (NDCs) under the Paris Agreement. Highlighting India's manufacturing progress in the last decade, Goyal said that the country's solar photovoltaic module capacity has increased nearly 38-fold, while photovoltaic cell capacity has risen 21-fold. He mentioned the PM Surya Ghar Yojana, which aims to equip 1 crore households with rooftop solar panels to make them energy self-sufficient and reduce electricity bills. He also spoke of the PM Kusum Yojana, which supports the expansion of solar pumps in India's agrarian economy. Additionally, the government has launched a Production Linked Incentive (PLI) programme to boost manufacturing of Advanced Chemistry Cells (ACC), he added. Proposing a comprehensive four-pronged approach for advancing India's energy independence, the Union Minister emphasised the need for targeted innovation, infrastructure development, supply chain resilience, and holistic value chain growth. He stated that India must lead in research and development for energy storage by focusing on next-generation battery chemistries, solid-state and hybrid storage technologies, and circular supply chains. India Energy Storage Week (IESW) is a premier industry event focused on advancing energy storage, e-mobility, battery manufacturing, and green hydrogen. The 11th edition brought together global leaders, policymakers, researchers, and industry stakeholders to discuss innovations and policy developments critical to India's energy transition. (ANI)
