Latest news with #VinayakWalimbe
Mint
5 days ago
- 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.
Time of India
5 days ago
- Business
- Time of India
India's hydrogen demand to reach 8.8 MTPA by 2032; few projects hit investment stage: Report
New Delhi: India's hydrogen demand is projected to rise at a compound annual growth rate (CAGR) of 3 per cent to 8.8 million metric tonnes per annum (MTPA) by 2032, according to a report released by the India Energy Storage Alliance (IESA) at the 11th edition of India Energy Storage Week (IESW) 2025. Despite green hydrogen project announcements exceeding 9.2 MTPA, only a few projects have reached the Final Investment Decision (FID) or secured long-term offtake agreements from domestic or international markets. The IESA report notes that under a baseline scenario, if 30 per cent of the announced green hydrogen (GH2) capacity is commissioned within ten years, electrolytic and bio-hydrogen supply can meet approximately 31 per cent of domestic demand in 2032. The event was inaugurated at IICC Yashobhoomi, New Delhi, in the presence of Dr. Ajay Mathur, Ex-DG, International Solar Alliance and Professor, IIT Delhi; Malini Dutt, Trade and Investment Commissioner – India, NSW Government; Manish Sharma, Chairman, Panasonic; Stephen Fernands, Founder & President, Customized Energy Solutions (CES); Vinayak Walimbe, Managing Director, CES; and Debmalya Sen, President, IESA, along with over 200 global energy leaders. Addressing the inaugural ceremony, Dr. Ajay Mathur said, 'IESW 2025 embodies the collective aspirations of the battery and storage communities, fostering collaboration and knowledge exchange among industry professionals. It serves as a crucial platform where individuals from various sectors, such as battery manufacturing, application, and electricity demand, can come together to learn from one another and advance their understanding of the sector.' The report stated that for schemes being implemented under the National Green Hydrogen Mission (NGHM), a call for proposals or bids has been issued, winning bidders or proposals announced, or fund disbursement has begun. The largest allocations are for subsidies under the GH2 Tranche 1 and 2, electrolyzer manufacturing (ELY Tranche 1 and 2), and green ammonia (GNH3 aggregation) tenders under the Strategic Initiative for Green Hydrogen Transition (SIGHT). According to the report, four states account for 82 per cent of the announced GH2 projects — Odisha (38 per cent), Gujarat (26 per cent), Karnataka (12 per cent), and Andhra Pradesh (6 per cent). Around 72 per cent of the announced projects are targeting green hydrogen use for ammonia production, while 20 per cent have not announced end-use applications. Key cost drivers of the Levelized Cost of Hydrogen (LCOH) produced through water electrolysis include the cost of landed electricity, capital expenditure (CAPEX) for the electrolyzer stack and balance of plant, and capacity utilization of the electrolyzer. Vinayak Walimbe, Managing Director, CES, said, 'Despite various policy interventions and government initiatives to promote the green hydrogen mission, several challenges remain in addressing the urgent issue of decarbonization. The IESA India Hydrogen Report, launched at IESW 2025 today, is crucial in raising awareness among policymakers, industry leaders, and stakeholders in the sector, helping to further accelerate the mission.' According to the status of India's green hydrogen transition report, the production cost of hydrogen from fossil fuels in India is nearly twice the cost of $1 per kilogram of hydrogen or even higher. For consumers representing about 6 per cent of the total hydrogen market who obtain hydrogen, the landed cost is even greater due to storage and transportation expenses. Open-access electricity regulations often restrict the renewable energy offset for commercial and industrial consumers, which can reduce the capacity utilization of electrolysers. The estimated 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 close to the recent first price discovery of green hydrogen in India. Debmalya Sen, President, IESA, said, 'With the support of government initiatives to foster innovation and investment in clean energy technologies, IESW 2025 will bring together industry leaders, government representatives, and global experts to showcase groundbreaking solutions. 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 million tonnes per annum (MTPA) of green hydrogen by 2030 in sight.' IESW 2025 is bringing together ministries, government representatives, and companies from over 20 countries. The three-day event will showcase over 300 product innovations in sectors including electric vehicles , charging infrastructure, solar, green hydrogen, and energy storage. Seven or more new product and factory announcements are expected from Indian manufacturers during the event.
Time of India
5 days ago
- Business
- Time of India
India's hydrogen demand expected to rise at 3 pc CAGR to 8.8 MTPA by 2032
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: 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 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 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 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 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 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 open-access electricity regulations often restrict the renewable energy offset for commercial and industrial consumers, which could reduce the capacity utilization of 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 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 11th edition of India Energy Storage Week 2025 (IESW) organised by IESA kicked off on Tuesday at IICC Yashobhoomi here.
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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.
