Battery Show, Renewable Energy Expo Focus On Green Tech

The inaugural edition of The Battery Show India, expertly organised by Informa Markets, alongside the 16th edition of Renewable Energy India 2023 held at the India Expo Centre in Greater Noida from 4 to 6 October.

Expo attracted industry leaders, policymakers, experts and exhibitors, collectively marked the convergence of India's Renewable Energy, Energy Storage and Electric Vehicle (EV) Industries.

The show on renewable energy and battery solutions attended by Alex Whitworth, Vice President and Head of Asia Pacific Power and Renewables Research, Wood Mackenzie; Vincenzo De Luca, Ambassador of Italy to India; Kuljit Popli, Former Chairman and Managing Director- IREDA and others. 

At the expo Alex Whitworth said that Asia, led by China and India, now commands over 60 per cent of future global power demand, while India grapples with 75 per cent of fossil fuel-based power. “However, challenges including accommodating variable renewables, with expectations of reaching 87 per cent of peak load and increasing costs. The sector requires over USD 3 trillion of investment in the next decade, with wind and solar at the forefront, offering vast opportunities for industry stakeholders,” Whitworth added.

Kuljit Popli said that the green hydrogen, energy storage and re-mobility are essential for addressing this climate change crisis. “We must transition 2 per cent of our energy to non-fossil fuel sources, focusing on renewables and green hydrogen, within 25 years. Investments in green energy are rapidly increasing and the adoption of electric vehicles, particularly in India, will be crucial for reducing transport sector emissions,” Popli said.

The event showcased over 900 brands, features more than 250 speakers and recorded over 40,000 visitors showed the surge in momentum within the Renewable Energy and Battery solutions sector in India.

India's Position as a Battery Storage Market Leader

The upcoming period is expected to bring lucrative growth opportunities for the Indian BESS market (Battery Energy Storage System), driven by technological advancements in new battery technologies aimed at energy storage and India's ambitious goal to achieve approximately 500 gigawatt of renewable capacity by 2030.

In India, the recycling of electric vehicle (EV) batteries is also receiving more attention in addition to the BESS market. Because 90 per cent of spent batteries in India are typically disposed of inappropriately, this is significant. Adopting sustainable recycling methods is crucial because the market for recycled EV batteries in India is predicted to reach 128 GWh by 2030. Up to 90 per cent of the carbon emissions related to EV battery production can be cut by recycling them.

With the consistent support of business titans, trade groups and the government, Battery Storage India 2023 has established itself as a pillar of India's transition to sustainable energy.

The Renewable Energy India 2023

The expo showcased cutting-edge technologies and solutions in solar energy, wind energy, bioenergy, energy storage, electric vehicles and charging infrastructure.

Attendees explored the latest products and services from a wide range of exhibitors, including premium brands like Reliance Industries, JSW Group, Adani Solar, Vikram Solar, Goldi Solar and others.

Sales and Marketing Head, Adani Solar, Rahul Bhutiani said, “As for Adani Solar's role in the government's target of 500 gigawatts by 2038 and net-zero emissions by 2070, we are expanding from a 4GW to a 10GW manufacturing capacity, positioning us to contribute significantly to meeting these goals, with a target of reaching 10 gigawatts by 2027."

REI 2023 is a platform for driving the growth and advancement of the renewable energy sector in India and beyond.

India and the RE stakes

India's resolute renewable energy targets aim for 500 GW by 2030, supported by incentives and substantial R&D investments. At Renewable Energy India Expo 2023, industry innovation and opportunities shine, coinciding with India's projected rise as the world's largest renewable energy market.

This burgeoning sector fuels economic growth and jobs like PM-KUSUM, aiming to install 25 million solar pumps by 2025, redefining India's energy landscape. Some of the key trends in the Indian renewable energy sector include a growing focus on solar and wind energy, increasing deployment of battery storage systems, rising demand for electric vehicles, growth of rooftop solar installations, development of renewable energy parks and government initiatives to promote renewable energy, such as the Production Linked Incentive (PLI) scheme.