National Framework for Promoting Energy Storage Systems will encourage an ecosystem for development of Energy Storage – EQ
In Short : As on 31.10.2023, a total of 186.46 GW (43.8%) non-fossil fuel-based capacity has been installed in the country out of an overall installed electricity capacity of 425.5 GW
In Detail : The Union Minister for Power and New & Renewable Energy has informed that the Government has issued ‘National Framework for Promoting Energy Storage Systems’ in August 2023 for the development and deployment of Energy Storage Systems to facilitate energy transition in the country.
As per the updated Nationally Determined Contributions (NDCs) submitted to the United Nations Framework Convention for Climate Change (UNFCCC), India has committed to achieve 50 percent of cumulative installed electric power capacity from non-fossil fuel-based energy resources by 2030.
India’s energy mix is set to undergo a transition from fossil fuel sources to non-fossil fuel based sources dominated by Renewable Energy (RE) in the future. However, solar and wind energy are not available round the clock. To facilitate transition from fossil fuel-based sources to RE sources, it is crucial to make RE dispatchable and available round the clock. Energy Storage Systems (ESS) play a key role in achieving this objective by storing energy generated from RE sources when it is available for use when the sun is not shining or the wind is not blowing. They also help in addressing RE variability, enhancing grid stability, facilitating energy / peak shifting, providing ancillary support services and fostering greater integration of RE. The National Framework for promoting Energy Storage Systems will encourage and create an ecosystem for development of Energy Storage based on requirements and financial feasibility, to guarantee affordable, clean, reliable and environmentally sustainable power for everyone.
This information has been given by the Union Minister for Power and New & Renewable Energy Shri R. K. Singh, in a written reply to a question, in Lok Sabha on December 7, 2023.