As the largest energy storage market in South Asia, the energy storage market in India is very active, driven by the construction boom of large-scale renewable energy power generation projects and grid infrastructure upgrades. In recent years, not only the grid side, but also the user side. The energy storage projects have been built one after another, and a large number of photovoltaic power plant projects have started the bidding procurement plan for energy storage systems. What is the current status of the Indian energy storage market? In what areas will the future be launched? In response to these problems, our reporter interviewed the Indian Reserve. Canak Industry Association (IESA) Chairman DeepakThakur.
Q: What is the current status of the development of the Indian energy storage market?
DeepakThakur: India is a populous country. The acceleration of urbanization and the growing population pose great challenges to the status quo of power supply in India. Although the power supply market has been attended by state-owned and private power generation companies, due to extreme weather, power generation The power supply gap is still large due to various factors such as capacity and poor transmission and distribution infrastructure. At present, there are about 30 million households in India that are not powered, 100 million people have no electricity, and 300 million people only have 8 per day. Power supply time below the hour. To change this situation, it is necessary to recognize the important role of energy storage in the electricity market.
In view of the large rural area and dense population in India, the microgrid is one of the effective solutions. It can be operated independently or in a network, and can be combined with various terrains and scenes. There are data showing that in rural India The number of energy storage microgrids has been established to more than 2,000, but this is far from meeting the demand, and plans to install more in the short term.
Energy is a very special industry, and the market is driven by the support of the national government. The Indian government is very supportive of the development of the energy storage industry, and has also enacted relevant bills. This is undoubtedly good news for energy storage companies. The Indian government is also planning to launch the National Energy Storage Mission (NESM), a national strategy launched by the Indian Energy Agency to integrate renewable energy and transmission and distribution networks to further establish and improve rural energy storage microgrids. , forming a variety of composite or independent systems, I believe this project will bring continuous power to India to solve the power problem.
Q: How do you view the development prospects of the Indian energy storage industry?
DeepakThakur: As early as 2016, India set a specific goal for renewable energy development – the total installed capacity of renewable energy reached 175 GW in 2022, and will build a smart city. This goal is for the transmission and distribution system and the government. The financial sector has brought tremendous pressure. Therefore, as a 'compensator' for renewable energy such as scenery, energy storage has become an indispensable helper. We expect that the demand for energy storage equipment in India will be 5-10 years in the future. Surging.
At the same time, India's electricity demand is also rising. There are data showing that India's electricity consumption growth is maintained at 5.4%-5.7%, and the average annual compound growth rate of all energy is 3.7%-4.5%. In order to reconcile rapidly expanding industrial production. The growing contradiction between the scale and the growing middle class population's need for stable power supply is imperative to stimulate the potential of energy storage applications.
It is believed that in the short term, the speed of various support policies will be further accelerated. Under the gradual improvement of policies, the energy storage industry will be developed and upgraded in the short term.
Q: In what areas do you think the future energy storage industry will work?
DeepakThakur: We have predicted the development route of the Indian energy storage market in 2018-2025. The results show that the electric vehicle industry will occupy about 40% of the energy storage market.
It is predicted that by 2030, India's electric vehicle ownership will reach 57 million, including electric vehicles, three- or two-wheel battery vehicles, and the growth of two-wheel battery vehicles is particularly rapid. This will promote the rapid development of the power battery industry. Period. For the development of battery technology in the next 10 years, we believe that the demand for lead-acid batteries will enter a rapid decline range, and the demand for lithium batteries will grow rapidly, which is a huge burden for the energy storage market and battery manufacturers. challenge.
In addition, the application of energy storage on the grid side cannot be ignored. Due to the limitations of renewable energy generation, the power grid is prone to fluctuations and instability, and may also affect the normal operation of the grid. In order to solve the problem of natural resources instability such as scenery Bringing wind and light and unstable power output, inverters, energy storage batteries and other industries will usher in new development opportunities. It is expected that UPS (uninterruptible power supply), inverters, and telecom energy storage will each be Occupy 10% of the market.
It is worth mentioning that there is no solution for UPS on the market. If a new lithium battery can be used to manage UPS, the future UPS market is immeasurable.
Q: What advice do you have for Chinese companies that want to open up the Indian energy storage market?
DeepakThakur: At present, the demand for the battery market in India is rising, which undoubtedly provides many cooperation opportunities for energy storage companies in China and the world. In order to meet the market demand, we have imported a large number of mechanical equipment for battery production from China. Chinese companies are welcome to enter the Indian energy storage market.
China's battery technology development is very fast, which is one of the advantages. We are very willing to learn, introduce the advanced technology and project experience of Chinese enterprises, and international exchanges will drive the opening and maturity of the global energy storage industry.
