Decarbonising Indian Industries with Heat Pumps and Thermal Batteries
Key Ideas
- Heat pumps and thermal batteries offer promising solutions for decarbonising energy-intensive industries by reducing fossil fuel use and enhancing energy efficiency.
- Establishing industrial smart parks and smart cities can facilitate the adoption of clean energy technologies through shared resources, creating economies of scale.
- Carbon credits play a crucial role in offsetting initial costs of adopting clean energy solutions like green hydrogen and carbon capture, driving market adoption.
- AI, machine learning, and digital technologies are essential in optimizing renewable energy assets, improving performance and efficiency across the value chain.
The renewable energy sector in India is experiencing a significant transformation, with a focus on decarbonising industries. Anvesha Thakker from KPMG highlighted the challenges faced by Indian industries in transitioning from fossil fuels to clean energy. While solar and wind technologies are replacing fossil-fuel generated electricity, other applications like heating and cooling remain complex. Heat pumps and thermal batteries powered by renewables are seen as solutions for decarbonisation, especially in energy-intensive industries.
The potential of industrial parks and smart cities in facilitating clean energy adoption through economies of scale was discussed. Implementing shared resources for clean energy infrastructure and centralized production can benefit smaller players and optimize resource use.
The role of carbon credits in offsetting initial costs of adopting clean energy solutions like green hydrogen was emphasized. Carbon credits help bridge cost gaps, encouraging market adoption and transitioning to a low-carbon economy.
Furthermore, the importance of AI, machine learning, and digital technologies in optimizing renewable energy assets was highlighted. These technologies are crucial for improving performance metrics and efficiency throughout the value chain, from bidding support to operations. Overall, the article emphasizes the positive impact of innovative technologies in decarbonising and optimizing energy use in Indian industries.