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the sector and major government support through subsidies, incen-  er, hot water, and air conditioning with suitable equipment. Trigener-
           EnErgy storAgE systEms                                                                                                                            tives and tax holidays to the manufacturers and major players.  ation has a potential of over 20,000 megawatts in India . It has benefit
                                                                                                                                                                                                                                                                         7
                                                                      2                                                                                                                                                      of low payback period, decreased dependency on thermal based sys-
                                                                      EVs would have implication   3                                                         E-Mobility                                                      tems, energy efficiency and environmentally sustainable.
                                                                      on Electricity grid. Thus,
                                                                      storage technology can      Storage facility can                                       The e-mobility market is still in nascent stage in India. Electric ve-  Market Potential
           1. Applications:                                           help to reduce the          help to shift generation                                   hicles may not yet be considered as prime mode of transportation
                                                                                                  output from one period to
                                                                      stress on grid
                                                                                                  another. Also integral for                                 in India, but this segment is gaining attention of both domestic and   Buildings such as hotels, hospitals, data centres, integrated building
                                                                                                  deployment of mini grids.                                  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
                                                                 Electric     optimization                                                                   been witnessing a strong governmental support lately and is making   industrial sector combined would be about 15,000 MW in near time
                                                                                   of
            1                                                    Vehicles      generation                                                                    progress.                                                       growing up to about 30,000 MW in the next five years. Despite high po-

           Increase in RE integration                                                                                                                                                                                        tential, current installed capacity is less than 1,000 MW and operating
           possess high risk to the grid.           rE                                        Ancillary                                                      Drivers – Policy, Regulatory, Economic                          capacity is no more than half of this.
           The storage facility can be          integration                                   service
           used to store generation                                                                                                                          The key drivers for e-mobility are:
           output from renewable                                                                                                                                                                                             Drivers – Policy, Regulatory, Economic
           sources; can help is RE output                                                                                                                        •   Falling automotive battery prices
           smoothening and also in                                                                                                                               •   Evolving  battery  technology, leading  to fast  charging  and   Electricity policy and regulatory framework would play an important
           adhering to schedules.                                                                                                                                   longer life                                              role in development of the business models as well as commercial
                                                                                                                4                                                •   Evolution in charger technology allowing fast charging  viability of Tri-generation projects. Tariff of utility power has huge

                                                                                                               Storage service can be useful                     •   Promotion of renewable energy sources                   bearing on the commercial viability of Tri-generation projects. The
                                                                                                               for providing the regulation                      •   Government support through subsidies and incentive      regulatory process for tariff setting is still evolving in many States. It
                                                                     Key drivers                               service to the system                                schemes, and de-incentivizing petrol/diesel vehicles     would therefore, be prudent to initially focus on States, which have
                                                                      of storage                               operator, Distribution                                                                                        better and more consistent regulatory environment. Simultaneously,
                                                                                                               voltage support
                                                                      technology                                                                             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
             2. challenges in deployment                                                                                                                        •  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
                1                       2                      3                      4                       5                                              Tri-generation                                                     •   Can be utilised in any commercial building with load greater

                 Cost competitive energy   Non-existence of Policy   Specifying safety norms   Stakeholders acceptance   Environmental issues owing                                                                                 than 800 kW, and requirement of heating and cooling.
                 storage technologies    framework for storage   for battery storage   of cost and technology of   to chemical disposal arising              Tri generation or combined cooling, heating and power (CChP) in-
                                         technologies           technologies           storage technologies   out of deployment of                           volves the simultaneous production of electricity and a cooling effect   Financing
                                                                                                              storage facilities
                                                                                                                                                             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


             66                                                                                                 shaping new energy dimensions                energising sustainable & prosperous Future                                                                            67
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