Two-Day IEEMA-IESA Event Begins From Nov 18 in Mumbai

The participants will get to know about 19 energy storage technologies including Solar, micro grids, Diesel usage optimizations and Electric vehicle.

Indian Electrical & Electronics Manufacturers’ Association (IEEMA) – India Energy Storage Alliance (IESA) will be organizing a two day program on “Energy Storage Technology, Applications and Manufacturing Process”on November 17 and 18 at Mayfair Banquets, Worli in Mumbai. The unique program is aimed to help companies entering into or diversifying in advanced energy storage manufacturing.

The Indian Energy Storage market is gearing up for large scale adoption. India is one of the largest markets for lead acid batteries with annual sales of $6 Billion. India is now poised to adopt advanced energy storage technologies that can act as enablers for 21st century electric grid and transitioning to eMobility.

According to the statement, the participants will get to know about complete range of energy storage technologies including advanced lead acid, li-ion batteries, flow batteries, flywheels, ultra-capacitors and other emerging technologies. Industry experts will provide insights in various key applications that will drive the adoption of energy storage in next 3-5 years which includes Solar, Microgrids, Diesel usage optimisations and electric vehicles.

India Energy Storage Alliance estimates the market opportunity to be 50-70 GW (i.e. 150-200 GWh in terms of energy requirement) by 2022. IEEMA and IESA are working closely to help create awareness about this growing opportunity, so that Indian manufacturers can evaluate their existing capabilities to be part of global supply chain for energy storage ecosystem. Also, some of the companies, may be able to diversify and develop new manufacturing capabilities considering the tremendous scope for growth. This could also create export opportunities for other growing markets such as MENA, Africa and Southeast Asia for Indian companies.

Shreegopal Kabra, President IEEMA said, “There is a large opportunity emerging in electric vehicle and changing infrastructure space in India. Indian companies should grab this opportunity to enter into new business verticals to create a large sustainable energy storage market. With development of local ecosystem and skill training, energy storage will continue to have accelerated adoption in India in coming years. This should also help companies who are considering setting up manufacturing in India.”

Dr. Rahul Walawalkar, Executive Director, Indian Energy Storage Alliance (IESA) & Vice Chair, Global Energy Storage Alliance (GESA) told Saur Energy International that India is already being considered as amongst the top 3 markets for advanced energy storage after China and USA. “In recent past, India has missed the manufacturing opportunity while adopting technology transitions such as cellular telephones and solar energy. But we still have time to build a world class manufacturing infrastructure for advanced energy storage.IESA has set a vision of making India a global hub for manufacturing of advanced energy storage systems by 2022. IESA and IEEMA is hosting a 2 day energy storage master class for Indian companies looking to diversify in energy storage,” said Walawalkar.

The press statement added, “Industry experts will also share insights on the manufacturing and various government programs that can help Indian companies in setting up manufacturing as well as acquiring technology and intellectual property rights. The master class will conclude with a session on the business strategy to highlight key decision factors and risks for venturing into this mew market segment.”