The eighth edition of India Energy Storage Week (IESW) 2022 started on May 2, 2022 at Pragati Maidan and Hotel Lalit, New Delhi. It will culminate on May 6, 2022,.
The second day at the event witnessed the imminent presence of Nitin Gadkari, Minister of Road Transport & Highway (MoRTH), as the chief guest along with other dignitaries as the key note speakers discussed the future roadmap for India and propagate the India’s vision in becoming a global leader.
Innovative solutions for a green future
Speaking at the event, Nitin Gadkari, Minister of Road Transport & Highway (MoRTH), GoI said, “We need storage to store renewable energy into battery storage. Standardization of batteries can accelerate EV adoption; we also need standardization for battery energy storage system. Automobiles will be a vital industry in the coming years, and battery technology will be in high demand by 2030, bolstering the Make in India initiative. In the next five years, it is expected that all vehicles will be electric. I encourage everyone involved in the electric vehicle business to work together for the betterment of the country by developing innovative solutions for a clean and green future. India ESW is an excellent forum for all decision-makers to discuss India’s future potential.”
E-mobility norms and regulations
Dr. Rahul Walawalkar, MD, Customized Energy Solutions (CES) & President, IESA India, stated, “India has emerged as a global leader in the green hydrogen and e-mobility sectors in recent years, and substantial efforts have been made to raise adoption rates. Because the future of e-mobility and its impact on the environment is a global concern, there is a significant need for appropriate e-mobility norms and regulations to enhance the ecosystem and make it a viable option for people. India Energy Storage Week is playing its part in bringing together stakeholders and policymakers from around the world on one platform to discuss all aspects of green hydrogen and e-mobility and strategies the roadmap for the India’s future. Lastly, I’d like to thank everyone who continued to support us every year and help make the event a success.”
Seminars and deliberations
On May 4, 2022 the event will have seminars on e-mobility and that includes Buyer- seller meet and founders roundtable. On May 5, the event will have seminars on stationary storage while green hydrogen sessions are on May 6. The hybrid conference and expo will be held at Pragati Maidan and Hotel Lalit, New Delhi.
Energy storage applications, the EV ecosystem, regulation and policy on electric transportation, manufacturing and R&D, stationary storage, and many more issues will be covered over the five-day flagship event. The event will witness a global audience with 20+ nations, 50+ regulators and policymakers, 50+ partners and exhibitors, 1000+ delegates, and 10,000+ visiting the event. The event is supported by NITI Aayog, Government of Norway as a nation partner, Ministry of Road Transport and Highways, Ministry of Heavy Industries, Department of Chemicals & Petro-Chemicals and Ministry of Power & Ministry of Power, Ministry of New & Renewable Energy.
IESA forecasts
With the growing renewable energy sector, demand for energy storage systems is expected to rise in the coming years. Therefore, in order to improve the efficiency of the power industry, the new trend known as energy storage has seen rapid growth. The energy storage industry is predicted to develop at a CAGR of around 24 per cent. According to the India Energy Storage Alliance (IESA), the Indian EV industry would expand at a 36 per cent CAGR till 2026. During the forecast period, the EV battery market is expected to increase at a 30 percent CAGR during the same time period.
