The 8th edition of India Energy Storage Week (IESW) 2022, is being attended by 20+ nations and more than 1000 delegates, from May 2nd to May 6th at Pragati Maidan & Hotel Lalit, New Delhi.
Supported by NITI Aayog, Ministry of Road Transport and Highways, Ministry of Heavy Industries, Department of Chemicals & Petro-Chemicals and Ministry of Power, Ministry of New & Renewable Energy, the chief guest of this event was Nitin Gadkari, Minister of Road Transport & Highway (MoRTH). Along with other dignitaries, the future roadmap of India was discussed on the 2nd successful day of the event.
Shri Nitin Gadkari, added “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. We need storage to store renewable energy into battery storage. India ESW is an excellent forum for all decision-makers to discuss India’s future potential.”
Dr. Rahul Walawalkar, President, IESA India, explained how India has emerged as a global leader in the green hydrogen and e-mobility sectors in recent years. He spoke about the need for appropriate e-mobility norms and regulations. He adds, “IESW 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 India’s future.”
The event has kept up it’s momentum by having seminars on e-mobility, including buyer- seller meet and founders roundtable on 4th May; seminars on stationary storage on 5th May and green hydrogen sessions on the 6th May.
May 2 saw several Tech Tours held at BRPL’s DT level BESS project, SCADA Control Centre, Nexcharge – Tata Power Grid Connected Community Energy Storage project, Load balancing EV charging station pilot project at BYPL and Energy Storage Platform on Batteries (ESPOB) by DST- IIT Delhi.
With various dive workshops revolving around energy storage, the industry is predicted to develop at a CAGR of around 24 percent. With a forecast of 36 percent compound annual growth rate (CAGR) % of the EV industry in India, till the year 2026, the CAGR of the battery market is also expected to increase by 30 percent.