Latest news with #DebmalyaSen
Mint
08-07-2025
- Business
- Mint
India's hydrogen demand expected to rise at 3 pc CAGR to 8.8 MTPA by 2032
New Delhi, Jul 8 (PTI) India's hydrogen demand is expected to rise at a compound annual growth rate of 3 per cent to 8.8 million tonne per annum by 2032, a report released by India Energy Storage Alliance (IESA) on Tuesday said. The report unveiled on the first day of India Energy Storage Week here said that despite announcements of green hydrogen projects of over 9 MTPA capacity, few in India have reached the Final Investment Decision (FID) or secured long-term offtake agreements from domestic or international markets. In the baseline scenario, with 30 per cent of the announced green hydrogen (GH2) capacity commissioned within ten years, electrolytic c bio-H2 (bio hydrogen) supply can meet approximately 31 per cent of domestic demand in 2032. The report further highlighted that out of 9.2 million tonne per annum (MTPA) GH2 project announcements, 4 states account for 82 per cent projects: Odisha (38 per cent), Gujarat (26 per cent), Karnataka (12 per cent), Andhra Pradesh (6 per cent). About 72 per cent of the announced projects are targeting GH2 use for ammonia production, whereas 20 per cent have not announced end use applications. Debmalya Sen, President, IESA said "This gathering will pave the way for India's transition to a resilient energy system, ensuring we meet our growing energy demands while keeping our target of production capacity of 5 MTPA of green hydrogen by 2030 in sight." Vinayak Walimbe, Managing Director, Customized Energy Solutions (CES), stated, despite various policy interventions and government initiatives to promote the green hydrogen mission, several challenges remain in addressing the urgent issue of decarbonization. For consumers who obtain hydrogen - representing about 6 per cent of the total hydrogen market - the landed cost of hydrogen is even greater due to storage and transportation expenses. Additionally, open-access electricity regulations often restrict the renewable energy offset for commercial and industrial consumers, which could reduce the capacity utilization of electrolyzers. As per the report, estimated Levelized Cost of Hydrogen (LCOH) in the base case is two to four times higher than the production cost of fossil fuel-based hydrogen. In a highly optimistic scenario, the estimate is 1.5 to 2.5 times higher, which is very close to the recent first price discovery of green hydrogen in India, it stated.
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Business Standard
18-06-2025
- Business
- Business Standard
Govt's 2nd VGF boosts battery energy storage systems development: IESA
Industry body India Energy Storage Alliance on Wednesday hailed the government's announcement of the second tranche of the viability gap funding to boost the development of standalone Battery Energy Storage Systems. The scheme aligns with the government's ambitious goal of achieving 30 GWh of energy storage capabilities distributed among 15 states with support from NTPC, the India Energy Storage Alliance (IESA) said in a statement. It aims to attract an investment of ₹33,000 crore, fulfilling the country's BESS requirements by 2028. IESA believes that India Energy Storage Week 2025 will further accelerate this initiative by bringing together industry leaders, stakeholders, and investments from around the globe, the statement said. A viability gap funding (VGF) of ₹18 lakh ($21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity under this tranche. The funding will be sourced from the Power System Development Fund (PSDF), with a total financial outlay of about ₹5,400 crore ($631.30 million). This initiative promises to enhance energy security and facilitate optimal utilisation of existing thermal generation and transmission infrastructure to meet electricity demands during non-solar hours, the statement said. As the need for BESS is projected to grow, reaching 37 GWh by 2027 and 236 GWh by 2032, according to the Central Electricity Authority (CEA), the timely implementation of these measures is crucial for the future of energy storage in India. Vinayak Walimbe, Managing Director of Customized Energy Solutions (CES), said, "The second tranche of viability gap funding will not only drive investment but also foster innovation and collaboration across the energy sector". Debmalya Sen, President of the IESA, further stated, "The requirement under the Guideline for the Power Supply Agreement (PSA) to be signed within nine months is a significant development that will expedite project signing". IESA is hosting the 11th edition of India Energy Storage Week (IESW), taking place in Delhi from July 8-10, aims to boost India's energy transition and global partnerships to further accelerate the government's vision for the country's battery energy storage systems (BESS) development in India.
Time of India
06-06-2025
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
Time of India
06-06-2025
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
Time of India
05-06-2025
- Business
- Time of India
Clean tech push: India may draw Rs 8,000 crore investment at IESW 2025; EVs, energy storage and hydrogen in spotlight
With global players and key states on board, India Energy Storage Week aims to boost manufacturing and green innovation through new partnerships and MoUs India is likely to attract investment exceeding Rs 8,000 crore in energy storage, electric mobility and green hydrogen during the upcoming India Energy Storage Week (IESW) 2025, to be held in New Delhi next month, PTI reported. Tired of too many ads? go ad free now Organised by the India Energy Storage Alliance (IESA), the event is scheduled for July 8–10 and is expected to bring together over 150 partners and exhibitors, alongside more than 1,000 companies. The platform will be used to facilitate business deals, MoUs and foreign collaborations aimed at accelerating India's clean energy manufacturing ambitions. 'The upcoming India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments,' said Vinayak Walimbe, Managing Director, Customized Energy Solutions. According to a statement from IESA, international delegates from countries including Australia, Germany, France, the UK, Finland, Canada, the USA, Israel and Korea are expected to participate. The alliance is also working with Gujarat, Odisha, Telangana and Chhattisgarh as state partners, and several central ministries are supporting the event. Debmalya Sen, President of IESA, said, 'This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward.' T Tired of too many ads? go ad free now he investment focus will span across battery storage, EV infrastructure and emerging clean technologies such as green hydrogen. These align with India's larger strategy to position itself as a global hub for sustainable manufacturing. IESA recently projected that mobility and battery tech startups in India could attract $500 million in investments over the next year, further reflecting momentum in the sector. Government data from 2023 showed over 6,600 clean tech startups operating across 450 districts in nearly 34 states and Union Territories, underscoring the scale and reach of innovation within the country.
