SCHEME AND TECH FOR RE GROWTH

Energy storage plays a pivotal role in maintaining grid stability. It stores excess renewable energy for use during peak demand.

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The Indian renewable energy sector is witnessing remarkable growth, driven by government policies, technological advancements, and increasing demand for clean energy. As the country aims to achieve its ambitious target of 500 GW of non-fossil fuel energy capacity by 2030, the need for advanced electrical equipment and grid modernisation has become paramount.

The government's Production-Linked Incentive (PLI) scheme has significantly boosted domestic manufacturing of critical components like solar PV modules, batteries, and power electronics. This initiative reduces import dependency and strengthens India's energy infrastructure. Additionally, digital technologies, including the Internet of Things (IoT) and AI-powered predictive maintenance systems, enhance grid reliability and operational efficiency. Companies like Tata Power, in collaboration with AWS, are leading the charge by leveraging cloud-based data analytics for real-time monitoring and grid management.

Energy storage also plays a pivotal role in maintaining grid stability by storing excess renewable energy during peak demand. With the National Energy Storage Mission (NESM) promoting large-scale battery deployment, India is making strides in building a resilient energy ecosystem. As investments grow and domestic production expands, the country is well-positioned to meet its clean energy goals, driving economic growth and environmental sustainability.

EPR explores the trends and current happenings in the industry in an interaction with the industry leaders.

Increasing adoption of renewable energy sources

The growing adoption of renewable energy drives significant demand for advanced electrical equipment, reshaping India's energy landscape.