Latest news with #IndiaEnergyStorageWeek
India.com
a day ago
- Business
- India.com
Masterstroke by Modi govt, China's plan failed as India to sign deal agreement with this country for rare earth elements, country is…, not US, Russia, UK, Europe, Saudi Arabia, name is…
India is going through major industrial transformation, with rare earth elements and other critical minerals highly required for it. China holds a monopoly over these rare minerals and has imposed export restrictions on them. After which India has taken several major steps toward becoming self-reliant in this sector. In a move to reduce dependence on China, India has advanced its partnership with Australia, also known as the Kangaroo Nation, in the field of rare earths . India-Australia Rare Earth Deal 'They (India and Australia) are talking about rare earth and there are blocks available. So there is an opportunity for India to take an early-stage block and have tie-ups with a few companies,' Malini Dutt, Trade and Investment Commissioner, New South Wales Government, Australia, said. The development has more importance for India in the wake of rare earth magnet shortage caused by Chinese export restrictions. Besides rare earth, both private and public sectors in India have shown interest in copper blocks in Australia, she said on the sidelines of India Energy Storage Week (IESW) 2025, organised by India Energy Storage Alliance (IESA). Australia has reiterated its commitment to becoming a supplier of critical minerals to India, especially as global demand for rare earth elements continues to rise due to their essential use in electric vehicles and other advanced technologies. Last week, Philip Green emphasised the urgency of establishing a smoother supply chain for Australian critical minerals, particularly lithium, to India, as part of broader efforts to enhance the country's green energy sector. Green highlighted Australia's role as a major producer of critical minerals and its strategic importance as a Quad member, noting that one of the aspects of the alliance is to ensure 'high-quality supplies' of these minerals are available to India. Australia's Support To India Australia's High Commissioner to India, Philip Green, on Wednesday reflected on Australia's support for India's push towards renewable energy. While speaking at the India Energy Storage Week (IESW), Phillip Green said, 'We strongly support India's drive towards renewables. India is very important to the world.' Green emphasised the scale and seriousness of Australia's involvement. 'We have more than 22 companies and around 40 people here, virtually all the Australian states are involved,' he said. 'We are very strong in minerals and metals that are essential for battery storage. We are very strong in skills and capabilities, and universities and technical colleges are very important for upskilling and the Indian population for the new green energy revolution,' he noted. Highlighting Australia's strength in innovation, Green added, 'We also have a very high level of. Of green tech, nine Australia is a place with a large amount of innovation, but the population is small and a long way from a large supply chain.' (With Inputs From Agencies)
Mint
5 days ago
- Business
- Mint
Goyal sounds alarm on 'particular geographies' for supply chains
New Delhi: Commerce and industry minister Piyush Goyal told an energy conference India must cut its dependence on "particular geographies" and look at alternative sources of supply to build resilient supply chains. Addressing an India Energy Storage Week event in New Delhi on Thursday, Goyal said India must also look at newer technologies to reduce dependence on imports. "We must work to prevent distortions. We must reduce our dependence on particular geographies and look at alternative sources of supply where we can have resilience in our supply chain. We must also look at newer technologies so that we are not overly dependent on imports and can focus on self-reliance," said Goyal, speaking virtually at the conference. He added that critical minerals, the semiconductor industry and other strategic sectors are part of India's 'holistic' ambitions for the future. "Our ambition cannot be restricted only to self-production. The whole value chain, raw materials, battery banks, semiconductors, management systems, the recycling of used equipment, the entire value chain is our holistic ambition," he said. Goyal also said India was progressing towards its target of generating 500 gigawatt of renewable energy by 2030. He said that efforts made by the government to promote solar energy have been successful. He suggested a four-pronged approach to promote energy efficiency--focusing on innovation, analysing the co-existence of charging and battery-swapping infrastructure, preventing supply chain distortions, and focusing on becoming part of the full value chain instead of focusing only on production. This comes days after Prime Minister Narendra Modi, in a veiled nudge to China, called for diversified supply chains in the critical minerals sector, in order to prevent any one nation weaponizing its resources. It also follows India's commitment as a part of the Quad grouping to form the Quad Critical Minerals Initiative, pledging to work together to secure and diversify supply chains. Speaking at the 17th Brics summit in Brazil on 7 July, Modi said it was important to make critical mineral supply chains reliable to ensure that no country uses these resources for its own selfish gain or as a weapon against others. These calls for making supply chains more resilient come amid a global supply shortage of rare earth metals and allied products due to an export control order by China in April. China has approximately 90-95% of the world's rare earth metal processing capacity, allowing it to use its exports to its own advantage. These rare earth metals and their products are used in strategic sectors such as renewable energy, clean mobility, and electronics.
Mint
5 days ago
- Automotive
- Mint
India needs battery technology beyond lithium, says industry experts
New Delhi, Jul 10 (PTI) India needs to explore battery technologies other than lithium-ion, which is currently leading the industry due to its high storage capacity and quick charging, suggested experts participating in India Energy Storage Week. This assumes significance as the electric vehicle (EV) market is gaining significant traction in the country, paving the way for a more sustainable future. Batteries are one of the key components of EVs, with Li-ion technology currently leading the industry due to its high energy density and quick charging, a statement said. However, it stated that concerns over the limited availability of raw materials for these batteries could create production challenges and potential shortages. This highlights the urgent need for alternative battery technologies. Researchers and experts are actively exploring innovative solutions, with Vanadium Redox Flow Batteries (VRFB), thermo-mechanical systems, and sodium-ion technologies emerging as promising developments that could transform the EV industry and drive the next generation of electric vehicles. VRFB is a rechargeable energy storage solution that leverages vanadium ions for enhanced longevity. The global market for VRFB was valued at USD 394.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 19.7 per cent from 2024 to 2030. Concerning this, industry experts and leaders highlighted that "India needs battery technology beyond Lithium-ion", at India Energy Storage Week (IESW) 2025, organised by industry body India Energy Storage Alliance (IESA) from July 8-11. Industry experts demanded that India needs to expand non-lithium energy storage technologies to address its rapidly growing and diverse energy demands. They emphasised the necessity for alternative solutions to ensure grid stability, meet industrial loads, and promote clean mobility. Avishek Kumar, Co-founder and CEO of VFlowTech, emphasised, "While lithium-ion batteries have reached the mass adoption stage, there is a growing need to diversify energy storage solutions." India should look beyond lithium. Highlighting the rise of sodium-ion batteries as a cost-effective, temperature-resilient alternative ideal for stationary applications, William Tope, CEO of LiNa Energy, said, "As we start to move towards very high penetrations of intermediate renewable generation, the importance of other battery industries and long duration energy storage to load shift at large scale from the off peak period to the peak period is incredibly important." Paul Smith of Energy Dome said the company's CO2-based CEAS storage is a market-ready solution that scales up to 1 GWh, which is now entering India through a partnership with NTPC. Gunjan Kapadia, Co-founder and CEO of Sthyr Energy, introduced its zinc-air battery technology, which offers long-duration storage of 10-24 hours to support deeper discharge cycles. "As we increase more and more renewables in the system, we need to have more storage in the system to balance the renewables," Saurav Mitra, Director at Sumitomo SHI FW, said, adding that "for this, we need innovative storage solutions like thermo-mechanical systems." He further demonstrated Liquid Air Energy Storage (LAES) as a thermo-mechanical, zero-critical-mineral solution with 80 per cent component sourcing already in India.
Time of India
5 days ago
- Automotive
- Time of India
India on track for 500GW renewable energy by 2030, EV shift key to climate goals: MoS Harsh Malhotra
New Delhi: India is aiming to achieve 500 gigawatts (GW) of renewable energy by 2030, and the push towards electric mobility will play a key role in meeting the country's climate, energy security, and economic resilience objectives, Minister of State for Road, Transport & Highways and Corporate Affairs Harsh Malhotra said on Thursday. Speaking at the India Energy Storage Week (IESW) 2025 session on 'India's Roadmap for Vehicle Electrification' at Yashobhoomi, Delhi, the minister said, 'The transition to electric mobility is not merely a technological shift but is a national imperative to achieve climate goals, maintain economic resilience and energy security.' He highlighted the government's support for the electric vehicle ecosystem through policies such as the PM E-Drive scheme and FAME-II. He also mentioned initiatives like EV retrofitting regulations and toll tax exemptions for electric vehicles aimed at making transport systems more sustainable. Malhotra said that Multi-Modal Logistics Parks being developed by the Ministry of Road, Transport and Highways — which integrate road, rail, and warehousing — are being equipped with green energy features and EV-friendly facilities. These initiatives, he said, will help reduce logistics costs and emissions. He called on stakeholders to develop a transport future that is 'not just electric—but safe, inclusive, and environmentally responsible,' and emphasised the need for battery storage technologies that suit India's climatic and mobility needs. 'We must recognize that battery storage technologies which are tailored to India's climate and mobility needs—will be crucial for our future,' he said, urging industry leaders to invest in R&D, manufacture locally, and adopt circular solutions like battery recycling and reuse. Malhotra said India had witnessed remarkable industrial and business growth in the past 11 years, and this momentum is now being channelled towards achieving the 2070 Net Zero target set by Prime Minister Narendra Modi.
Time of India
5 days ago
- Automotive
- Time of India
India needs battery technology beyond lithium, says industry experts
India needs to explore battery technologies other than lithium-ion, which is currently leading the industry due to its high storage capacity and quick charging, suggested experts participating in India Energy Storage Week. This assumes significance as the electric vehicle (EV) market is gaining significant traction in the country, paving the way for a more sustainable future. Batteries are one of the key components of EVs, with Li-ion technology currently leading the industry due to its high energy density and quick charging, a statement said. However, it stated that concerns over the limited availability of raw materials for these batteries could create production challenges and potential shortages. This highlights the urgent need for alternative battery technologies . Researchers and experts are actively exploring innovative solutions, with Vanadium Redox Flow Batteries (VRFB), thermo-mechanical systems, and sodium-ion technologies emerging as promising developments that could transform the EV industry and drive the next generation of electric vehicles. VRFB is a rechargeable energy storage solution that leverages vanadium ions for enhanced longevity. The global market for VRFB was valued at USD 394.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 19.7 per cent from 2024 to 2030. Concerning this, industry experts and leaders highlighted that "India needs battery technology beyond Lithium-ion", at India Energy Storage Week (IESW) 2025, organised by industry body India Energy Storage Alliance (IESA) from July 8-11. Industry experts demanded that India needs to expand non-lithium energy storage technologies to address its rapidly growing and diverse energy demands. They emphasised the necessity for alternative solutions to ensure grid stability, meet industrial loads, and promote clean mobility. Avishek Kumar, Co-founder and CEO of VFlowTech, emphasised, "While lithium-ion batteries have reached the mass adoption stage, there is a growing need to diversify energy storage solutions ." India should look beyond lithium. Highlighting the rise of sodium-ion batteries as a cost-effective, temperature-resilient alternative ideal for stationary applications, William Tope, CEO of LiNa Energy, said, "As we start to move towards very high penetrations of intermediate renewable generation, the importance of other battery industries and long duration energy storage to load shift at large scale from the off peak period to the peak period is incredibly important." Paul Smith of Energy Dome said the company's CO2-based CEAS storage is a market-ready solution that scales up to 1 GWh, which is now entering India through a partnership with NTPC. Gunjan Kapadia, Co-founder and CEO of Sthyr Energy, introduced its zinc-air battery technology , which offers long-duration storage of 10-24 hours to support deeper discharge cycles. "As we increase more and more renewables in the system, we need to have more storage in the system to balance the renewables," Saurav Mitra , Director at Sumitomo SHI FW, said, adding that "for this, we need innovative storage solutions like thermo-mechanical systems." He further demonstrated Liquid Air Energy Storage (LAES) as a thermo-mechanical, zero-critical-mineral solution with 80 per cent component sourcing already in India. These advancements indicate that India's future in energy storage will be diverse, community-focused, and environmentally sustainable, it stated.
