What is Energy Storage?
Energy storage refers to the capture of energy produced at one time for use at a later time. It plays a crucial role in balancing supply and demand, especially when dealing with renewable energy sources like solar and wind, which are intermittent in nature.
By storing excess energy during periods of high generation and releasing it when demand increases, energy storage ensures a reliable and efficient power supply.
Use Cases of Energy Storage Across India
- Electric Vehicles (EVs): Energy storage systems, primarily in the form of lithium-ion batteries, are the backbone of electric vehicles.
- Public Transportation: Energy storage is used in electric buses, trains, and other forms of public transportation.
- Renewable Integration: Energy storage supports the integration of renewable energy into the grid.
- Microgrids: Energy storage enables the development of microgrids that can operate independently of the main grid.
Why Should You Set Up an Energy Storage Industry?
- Growing Demand: Energy storage will be critical as India increases reliance on renewable energy.
- Electric Vehicle Market: Energy storage systems will see increasing demand with the push toward electric mobility.
- Grid Stability: Energy storage ensures stability for integrating renewable energy into the grid.
- Emissions Reduction: Energy storage reduces reliance on fossil fuels, lowering emissions.
- Renewable Integration: It enables greater use of renewable energy sources.
Government Incentives and Subsidies
National Energy Storage Mission
Encourages the adoption of energy storage systems for integrating renewable energy.
Subsidies and Grants
Financial support for energy storage production facilities.
Tax Benefits
Energy storage projects qualify for tax exemptions and deductions.
Build New Project with Us
Our dedicated team of engineers will analyse and help you build your entire project for energy storage based on budget and project efficiency. The entire process of feasibility check, design, installation and commissioning till periodic maintenance and support would be taken care by us.
