Unlocking Power Sector Profits Through Energy Storage: The Hidden Opportunity for Investors
Key Ideas
- Power sector in India is expected to see profits from new capacities, rise in power tariffs, and energy storage solutions like battery storage, pump hydro storage, and green hydrogen storage.
- India aims to achieve 50% cumulative installed capacity from non-fossil fuel-based energy resources by 2030, with a focus on reducing emission intensity of GDP by 45%.
- Government mandates like Energy Storage Obligations (ESO) are set to ensure sufficient storage capacity is available, with the trajectory increasing from 1% to 4% by 2030, with renewable energy sources procurement.
- Companies like Amara Raja Energy, Exide Industries, and Tata Chemicals are venturing into power storage solutions, with Tata Chemicals leveraging its chemistry expertise for electro-chemistry solutions.
The power sector in India is gearing up for substantial changes and potential profits in the coming years. With a focus on new capacities, rise in power tariffs, and the importance of energy storage solutions like battery storage, pump hydro storage, and green hydrogen storage, there lies a hidden opportunity for long-term investors. India has committed to achieving 50% cumulative installed capacity from non-fossil fuel-based energy resources by 2030 and reducing the emission intensity of GDP by 45%. Regulatory mandates such as Energy Storage Obligations (ESO) will gradually increase energy storage capacity from 1% to 4% by 2030, with a focus on renewable energy procurement. Companies like Amara Raja Energy, Exide Industries, and Tata Chemicals are making strides in the power storage segment. Tata Chemicals, traditionally known for salt and soda ash production, is leveraging its chemistry expertise to develop electro-chemistry solutions through partnerships with Indian R&D centers like ISRO, CSIR-CECRI, and CMET. The power storage segment is poised to become a lucrative investment opportunity with the potential for substantial growth and profitability in the Indian power sector.
Topics
Utilities
Renewable Energy
Green Energy
Energy Storage
Power Generation
Power Sector
Investment Opportunities
Indian Economy
Regulatory Mandates
Latest News