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like EV charging and consumers to buy the vehicles. The entire na- Stationary Storage: Stationary energy storage finds huge applicability
tional level program would fail is any one of these stakeholders are in the field of distribution and transmission upgrade deferral, voltage
not in line with the vision. support, maintaining desired frequency levels/frequency regulation,
The task is relative easier when the programs and solutions are renewable energy integration, diesel genset replacement and ancil-
targeted towards organizations. The engagement could be increased lary services, offering abundance of opportunities to be targeted.
through focused group discussions and meetings. however, solutions
targeted towards larger audience and general population would re- Consumer Electronics: Power banks and mobile phone sales forms
quire larger engagement through use of mass and social media. largest component of consumer electronic demand, with sales pro-
jected to reach 1.2 bn devices from existing 300 mn today. The de-
Key Emerging areas mand will also include additional component coming from Internet of
Things (IOT) devices and telecom towers.
Battery Storage: The (battery energy storage system) BESS tech-
nology has eventually started gaining momentum in India due to its The market potential for each segment has been
dual-purpose advantage of storing excess energy during off-peak hours estimated below:
and providing electrical energy during peak hours. In power applica-
tions, BESS is used to smooth the solar generation output and helps in Electric Vehicles: For EV’s the market potential for individual cate-
maintaining the balance between forecast vs actual generation. gories (2-W, 3-W, 4-W and buses) has been added to arrive at the final
Storage prices are dropping at a pace much faster than expected, overall potential.
due to the growing market for consumer electronics and demand for
electric vehicles (EVs). Major players in Asia, Europe and the United Estimated Market Potential for EVs
States are all scaling up lithium-ion manufacturing to serve Electric Total Number Assumed Total Demand
Expected by Battery Size (GWh)
Vehicles and other power applications.
FY 2030 * (kWh)
Li-ion battery costs about USD 1000/kWh in 2010, the costs have
2-wheelers 56,594,000 3 169
dropped to just over USD 200/kWh in 2018 – an exceptional drop
3-Wheelers 12,319,000 10 123
3
of 80% in just 8 years , although is expected to come down in the com-
ing years with improvements in research and technology. On the other Four Wheelers 10,587,000 40 423
hand, the solar industry is becoming self-sustainable, with tariffs falling Buses 542,000 200 108
below INR 2.5/unit (0.04 USD/kWh), due to availability of host of incen- Total 825
tives. hence, financial viability and cost economics of battery based * https://rmi.org/wp-content/uploads/2019/04/rmi-niti-ev-report.pdf
solution needs to be worked upon for widespread adoption of this
technology. Flow batteries differ from conventional batteries, as the Stationary Storage: For stationary storage applications, CEA has al-
energy is stored in the electrolyte (the fluid) instead of the electrodes. ready come out with the figure of 34 GW capacity installations by Fy
2030, translating into a storage requirement of 136 GWh.
Market Potential: The energy storage market in India has a tremendous
market potential with plethora of applications in the field of standalone Consumer Electronics: As per Indian Cellular Association (ICA), cu-
storage systems, consumer electronics and electric vehicles. mulative storage demand in consumer electronics will reach approx-

introduction of renewable sources
Electric Vehicles: The current focus of national and state govern-
ments on public transport, commercial transport and two-wheeler of generation, with intermittent
vehicle segments, the favourable TCO (Total cost of ownership) for
these segments, an increasing availability of vehicle models and early contribution to grid battery storage has
market trends are indicative of the high potential of electrification in
these segments. a big role to play

64 shaping new energy dimensions