With the high penetration of renewable energy in India, we require utility-scale storages such as pumped-hydro energy storage (PHES) systems to balance the grid.
The Government of India plans to integrate 175 GW of variable renewables into the grid by 2022.
Thanks to favourable government policies and the reducing costs of technology, renewable energy is getting cheaper around the world.
Batteries are commonly employed as energy storage systems for PV stand-alone microgrid.
Renewable energy is increasingly becoming cheaper than that derived from thermal power plants.
India has set itself a renewable energy (RE) target of 175 GW and 450 GW for 2022 and 2030, respectively.
Existing pumped-hydro-energy storage (PHES) plants in India are inadequately utilised and hence have low economic benefits.
India has set some ambitious renewable energy (RE) targets for itself — 175 GW by 2022 and 450 GW by 2030.
India plans to install 450 gigawatt (GW) of renewable energy (RE) generation capacity by 2030.
A differential pricing mechanism that calculates different pumping and generation prices for pumped-hydro energy storage (PHES) should be employed for its growth in India, recommends a recent study by the Center for Study of Science, Technology and Policy (CSTEP).
India is now the eighth-largest lithium reserve country thanks to discovery in Jammu & Kashmir.
In early September, India's peak daytime electricity demand stood at 241 GW, a record high.
The global carbon dioxide emissions from fossil fuels continue to rise, driven by rising energy use.
While lithium-ion batteries (LIBs) dominate the current landscape of battery energy storage systems (BESSs), they have significant safety issues, as evident from the increasing number of LIB-related fire incidents in countries across the world, including India.
