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the sector and major government support through subsidies, incen- er, hot water, and air conditioning with suitable equipment. Trigener-
7
tives and tax holidays to the manufacturers and major players. ation has a potential of over 20,000 megawatts in India . It has benefit
of low payback period, decreased dependency on thermal based sys-
E-Mobility tems, energy efficiency and environmentally sustainable.

The e-mobility market is still in nascent stage in India. Electric ve- Market Potential
hicles may not yet be considered as prime mode of transportation
in India, but this segment is gaining attention of both domestic and Buildings such as hotels, hospitals, data centres, integrated building
foreign investors. At present there are very few pure electric vehicles complexes and industries such as dairy, foods & beverages, phar-
in the market, however, the shift towards e-mobility is growing due to maceuticals, flexible packaging and large engineering manufacturing
the government’s push to e-mobility and rising oil prices. facilities are potential market for cogeneration and tri-generation as
Market Potential: As reported by Niti Aayog, the Indian EV industry they offer close to the balanced demand for different utilities.
could create a USD 300 bn market by the year 2030. The industry has The overall unconstrained market potential for the building and
been witnessing a strong governmental support lately and is making industrial sector combined would be about 15,000 MW in near time
progress. growing up to about 30,000 MW in the next five years. Despite high po-
tential, current installed capacity is less than 1,000 MW and operating
Drivers – Policy, Regulatory, Economic capacity is no more than half of this.

The key drivers for e-mobility are: Drivers – Policy, Regulatory, Economic
• Falling automotive battery prices
• Evolving battery technology, leading to fast charging and Electricity policy and regulatory framework would play an important
longer life role in development of the business models as well as commercial
• Evolution in charger technology allowing fast charging viability of Tri-generation projects. Tariff of utility power has huge
• Promotion of renewable energy sources bearing on the commercial viability of Tri-generation projects. The
• Government support through subsidies and incentive regulatory process for tariff setting is still evolving in many States. It
schemes, and de-incentivizing petrol/diesel vehicles would therefore, be prudent to initially focus on States, which have
better and more consistent regulatory environment. Simultaneously,
The major opportunities in e-mobility are: the developers can remain engaged with the ‘Forum of Regulators’ or
• Reduced dependence on imported crude oil, and a way to re- the SERCs of the other ranked States and sensitize them on the need
duce pollution in cities for stable regulatory regimes for promoting clean technologies such
• Setting up of manufacturing base and charging infrastructure as Cogeneration and Trigeneration.
would allow better uptake of EVs
• Government departments and corporates use a large fleet of Opportunities
leased vehicles; these can be replaced by EVs
• EVs are being introduced in public transportation in major cities. • Since the technology is new in India, there is a huge scope
for efficient utilization of energy which is typically wastes
Tri-generation • Can be utilised in any commercial building with load greater
than 800 kW, and requirement of heating and cooling.
Tri generation or combined cooling, heating and power (CChP) in-
volves the simultaneous production of electricity and a cooling effect Financing
while using absorption chillers in summer, or electricity and heating
in winter. A tri-generation system produces three forms of energy, i.e. The Tri-generation systems can be installed either by self-financing
electricity, heating, and cooling which could be used to generate pow- or by collaboration with an ESCO (energy service company), such as

EnErgising sustainablE & ProsPErous FuturE 67