India has set an ambitious target to achieve 50% of its cumulative installed capacity from non-fossil fuel-based energy resources by the year 2030. This commitment reflects the country's dedication to transitioning towards sustainable energy sources. In addition to this capacity goal, India has pledged to reduce its GDP emission intensity by 45% by 2030 compared to 2005 levels.
Energy Storage Systems are essential for the seamless integration of renewable energy sources such as solar and wind power. These systems address the variability and intermittency associated with these energy sources. By storing excess energy during periods of high production and releasing it during peak demand, ESS contribute to grid stability and ensure a consistent power supply.
According to the National Electricity Plan (NEP) 2023, the projected energy storage capacity requirement is expected to reach approximately 82 GWh by 2026-27. This capacity will be divided into 48 GWh from Pumped Storage Plants (PSP) and 35 GWh from Battery Energy Storage Systems (BESS). By 2031-32, the demand is anticipated to grow to around 411 GWh, with 175 GWh from PSP and 236 GWh from BESS.
Looking ahead to 2047, the demand for energy storage is forecasted to surge to approximately 2380 GWh, driven by the increasing integration of renewable energy sources. This future demand includes around 540 GWh from PSP and 1840 GWh from BESS, aligning with India's net-zero emissions targets set for 2070.
The Energy Storage Obligation requires obligated entities to gradually enhance their energy storage capacity. This begins with a 1% requirement in FY 2023-24, increasing to 4% by FY 2029-30, with an annual increment of 0.5%. It is crucial that at least 85% of the total energy stored annually is sourced from renewable energy, reinforcing the commitment to sustainable practices.
Energy Storage Systems are pivotal in improving the reliability and efficiency of India's power grid. As the nation moves towards a sustainable energy landscape, these systems will play a key role in managing energy supply and demand from renewable sources, significantly cutting down carbon emissions in the process.
Q1. What are India's energy goals for 2030?
Answer: India aims to achieve 50% of its cumulative installed capacity from non-fossil fuel-based energy sources by 2030 while reducing GDP emission intensity by 45% from 2005 levels.
Q2. Why are Energy Storage Systems important for India?
Answer: ESS are crucial for managing the variability of renewable energy, ensuring grid stability, and providing a reliable power supply by storing energy during excess production and releasing it during peak demand.
Q3. What are the projected storage capacity needs by 2031?
Answer: By 2031-32, energy storage capacity needs are expected to increase to around 411 GWh, consisting of 175 GWh from Pumped Storage Plants and 236 GWh from Battery Energy Storage Systems.
Q4. How does the Energy Storage Obligation impact renewable energy use?
Answer: The ESO mandates that entities increase their energy storage capacity, ensuring that at least 85% of stored energy comes from renewable sources, thus promoting sustainable energy practices.
Q5. What is the expected demand for energy storage by 2047?
Answer: By 2047, the demand for energy storage is projected to reach approximately 2380 GWh, driven by extensive renewable energy integration, aiding in achieving net-zero emissions targets by 2070.
Question 1: What is India's target for non-fossil fuel energy capacity by 2030?
A) 30%
B) 40%
C) 50%
D) 60%
Correct Answer: C
Question 2: How much should India's GDP emission intensity be reduced by 2030?
A) 30%
B) 45%
C) 50%
D) 55%
Correct Answer: B
Question 3: What is the projected energy storage capacity by 2026-27?
A) 50 GWh
B) 72 GWh
C) 82 GWh
D) 100 GWh
Correct Answer: C
Question 4: What percentage of stored energy must come from renewable sources under the ESO?
A) 70%
B) 80%
C) 85%
D) 90%
Correct Answer: C
Question 5: By 2047, what is the projected demand for energy storage?
A) 1500 GWh
B) 2000 GWh
C) 2380 GWh
D) 3000 GWh
Correct Answer: C
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