Energy Storage Technology & Application Convention India 2017 is the only energy storage convention combining technologies, demand and application in India. It focuses on analysing domestic and international cases; discussing energy storage policy and impact in India; updating the mega projects and potential markets in the country; showcasing the international advanced technologies to support the government initiative ‘Make in India’; exploring energy storage demands and applications in India; and offers opportunities to network with energy storage projects developers from different applications.
The Energy Storage Systems (ESS) market in India is in its infancy but offers significant potential. The market is driven by the need for diesel replacement, power reliability, renewable integration, microgrids for energy access, and EVs/HEVs. And it is expected to be one of the top energy storage markets in the coming years – IESA has estimated over 70 GW and 200GWh of energy storage opportunity in India by 2022, and Bloomberg New Energy Finance has forecast India to be among the top-five largest areas for annual energy storage investment by 2024.
Although the Indian energy storage market is very promising, challenges to reach its potentials are still huge. The market is waiting for a clearer energy storage policy and regulation framework. Cost is still a significant factor. Effective financing mechanisms and business models are eagerly needed to push forward development of energy storage technologies and deployments in the country. Public awareness of energy storage is still weak. Local energy storage technologies and supply chain development are very much encouraged while still at the early stage.
The congress in New Delhi will offer comprehensive coverage of energy storage opportunities in India. For those who are keen to find new investment opportunities or strengthen their presence in the Indian market, the three-day congress will provide plenty of opportunities to meet potential partners.
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