Shri Tarun Kapoor inaugurates IESW 2023, emphasizes green energy tech and storage

NEW DELHI- With projections showing India as the world's third-largest economy by 2030, the country is not just an emerging powerhouse but also a sustainable one. India has set a goal to achieve net-zero carbon emissions by 2070 and has been taking significant steps in this direction. Supporting India’s ambitious net-zero carbon emission goal, Clean Energy experts and manufacturers from over 25 countries gathered today in the national capital at the India Energy Storage Week (IESW) 2023 organised by India Energy Storage Alliance (IESA). 

Marking the beginning of a new era of clean energy transition in India, one of the world’s biggest green energy expo, IESW 2023 kicked off with a dazzling opening ceremony at PragatiMaidan in New Delhi. Shri Tarun Kapoor, Advisor to PM, PMO India inaugurated IESW 2023 and addressed the need for all the sustainability and clean energy stakeholders to come together and support India in becoming a world leader in green energy transition."The future of energy is entirely dependent on innovations and cost-effective storage solutions. Currently, renewable energy accounts for 22-23% of installed capacity and as a country, we can take it up to 50%. However, to go beyond that and even now, we need to invest in storage solutions for our grids, which utilize high energy density and safe materials that are available in India. If we are successful in achieving this, it would be amazing.” 

Further he added, “The transition to electric vehicles, including four-wheelers and two-wheelers, requires large-scale storage solutions. We must be self-reliant and manufacture everything in India, while also investing in R&D to innovate and develop products that suit our requirements and materials available in the country. We already have production-linked incentive (PLI) scheme for batteries manufacturing in India. There could be another phase of the PLI scheme and going forward we can think of some other support (for batteries manufacturing) if required. We hope that manufacturing comes into India and if manufacturing comes to India, the price will certainly go down,. We also need to secure minerals and raw materials required for manufacturing, such as lithium. Although we currently have limited reserves of lithium in India, we have only explored 8% of our country so far. We are confident that if we explore more, we will discover lithium and other minerals as well."

The event witnessed the presence of eminent dignitaries and clean tech leaders including Vivek Bharadwaj, Secretary, Ministry of Mines, VijayanandSamudrala, President – New Energy, Amararaja Batteries; Stephen Fernands, President, Customized Energy Solutions (CES); Anurag Tiwari, President - Industrial & Supply Chain, SAR Group; Nashid Chowdhury, Investment and Trade Commissioner, Government of Western Australia; Debi Prasad Dash, Executive Director, IESA, Dr.Hanif Qureshi, Joint Secretary, Department of Heavy Industries; MayurKarmarkar, Managing Director, International Copper Association India; Dr Ashok Saraswat, Sr. VP – Battery Technology, Reliance Industries and many more.

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Commenting on the event, Dr Rahul Walawalkar, President of IESA, says “India is strongly focused towards clean energy transition aiming high for the growth of e-mobility as well as renewable energy. With the vision set by the Prime Minister, we have a wonderful opportunity to make India a global hub for manufacturing, R&D and adoption of advanced energy storage, e mobility and green hydrogen technology within the coming decades. We have a long way to go but we have a very strong believe that India has tremendous capability and a ecosystem that can contribute for this transition. And through IESA and IESW, we are looking at providing a platform for collaboration as all the stakeholders need to cometogether to create a robust ecosystem for making India a global hub”.

“Li-ion battery manufacturing is a critical aspect of the energy transition, and India has the potential to become a global leader in this sector. With the right policies, investments, and collaborations, we can create a robust Li-ion battery manufacturing ecosystem that will not only support the country's transition towards clean energy but also create employment opportunities and contribute to the economy," says VikramadithyaGourineni, Executive Director - New Energy Business, Amara Raja Batteries.

Demonstrating the country's commitment to sustainable and green solutions more than 500 world-class organisations from over 25 countries, including the UK, USA, UAE, Australia, China, Germany, Singapore, France, Italy, Israel and Sri Lanka, and 60+ CXOs from the e-mobility and green hydrogen ecosystem, 100+ start-ups, 50+ women energy leaders, and 8+ ministries are participating at IESW 2023. 

Emphasising on the significant investment potential in the EV and energy storage sector in India,  Rakesh Malhotra, SAR Group, says "India's energy storage market is poised to grow exponentially in the coming years, driven by increasing demand for electric vehicles and renewable energy integration. As a result, it presents a massive opportunity for investors to participate in the country's green energy revolution and contribute to its sustainable future." 

IESW 2023 also witnessed the signing of various MoUs including MoU between IESA and Singapore Battery Consortium (SBC),  MoU Exchange between IESA and The Electronics Sector Skills Council of India (ESSCI) and more.

The inaugural session was followed by a series of informative and insightful sessions on advanced battery manufacturing, skill development round table, CXO round table, investment round table, and startup showcase. The sessions saw the participation of various experts and industry leaders, who shared their experiences and insights on the latest trends and technologies in the energy storage sector. With two more days of exciting sessions, exhibitions, and networking opportunities ahead, the event promises to be a pivotal platform for shaping the future of India's clean energy transition.

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About India Energy Storage Alliance (IESA): 

India Energy Storage Alliance (IESA) is a leading industry alliance focused on the development of advanced energy storage, green hydrogen, and e-mobility technologies in India. Founded in 2012, by Customized Energy Solutions (CES), IESA’s vision is to make India a global hub for R&D, manufacturing, and adoption of advanced energy storage, e-mobility, and green hydrogen technologies.

The alliance has been at the forefront of efforts seminal in shaping an enabling policy framework for the adoption of energy storage, electric mobility, green hydrogen, and emerging clean technologies in India.

With close to a decade of experience, IESA provides its member network a holistic eco-system to network and grow their business in India and world over by providing in-depth analysis of the market, facilitating dialogue between industry and government stakeholders, and providing the latest skill-development training. Over the years, IESA has launched several initiatives that support its member companies to stay ahead of the curve. 

Today IESA is a proud network of 180+ member companies, encompassing industry verticals from energy storage, EV manufacturing, EV charging infrastructure, green hydrogen, microgrids, power electronics, renewable energy, research institutes and universities, and cleantechstartups.

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