Energy demand is skyrocketing. In fact, global energy consumption has surged by estimated 30 percent over the past two decades. The International Energy Agency (IEA) reports that this demand will only continue to grow, with rapidly developing regions in Asia, Africa, and Latin America leading the charge. Factors like urbanisation, industrial growth, and the digital boom fuel this rise, placing electricity needs at the forefront of modern life. As demand intensifies, the shift toward renewable energy has gained momentum, pushing new technologies and policies to meet the call for sustainability. With an urgent need for energyefficient, low-carbon solutions, industry leaders are shaping a cleaner future. Recently, at the REI Expo in Greater Noida, experts gathered to discuss these advancements, spotlighting the latest innovations in the sector and how they are set to redefine energy's future.
Current status
The solar industry in India is experiencing record growth, and companies like DhaSh PV Technologies are preparing to meet the escalating demand. Mohammad Asif Patel, who oversees business development at DhaSh PV, recently shared insights on the company's strategic growth plans and how it is positioning itself within expanding solar manufacturing in India.
Icon Solar adapts to this rapid evolution by focusing on retail and large-scale projects. According to Rajat Shrivastava, General Manager of Marketing at Icon Solar, the company is leveraging the PM KUSUM scheme for retail sales while improving its capabilities to take on utility-scale solar parks. Adding to it, Aniket Tondare, Director - Distribution Sales at ECE India, mentioned, "We are scaling our operations, expanding from the current 450-megawatt capacity to 1.2 gigawatts with a new facility expected to be operational by the end of the financial year. This expansion will bring ECE's total capacity to approximately 1.8 gigawatts."
Denne historien er fra November 2024-utgaven av EPR Magazine (Electrical & Power Review).
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 2024-utgaven av EPR Magazine (Electrical & Power Review).
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
BALANCING GROWTH, SECURITY, AND ENVIRONMENTAL RESPONSIBILITY FOR SUSTAINABLE ENERGY FUTURE
We will have to continue using a mix of coal and other fossil fuels alongside renewable/ green energy; there is no shortcut to this.
DEMAND LIFTING RE
The Indian solar sector is gearing up for expansion, with projections indicating a manufacturing capacity surge to over 100 gigawatts within the next six months.
Bioenergy and its potential to reduce carbon emissions
Bioenergy is a renewable energy source derived from organic materials biomass), including plants, agricultural residues, forestry by-products, and organic waste. It can be converted into energy through combustion, gasification, anaerobic digestion, and fermentation, serving multiple purposes such as heating, electricity generation, and transportation fuels. As the world seeks to transition from fossil fuels, bioenergy offers a consistent, sustainable energy source that complements intermittent renewables like solar and wind.
Managing energy transition risks
Energy transition is a strategic shift to low-carbon or renewable sources to address climate change and ensure long-term energy security, but it is also fraught with multiple challenges. The authors believe that using an Enterprise Risk Management ERM) framework can help develop comprehensive Strategies to address such challenges.
Technological innovations addressing renewable energy intermittency
Advanced energy storage and smart grids are crucial for stabilising intermittent renewable energy. In contrast, government policies that promote private investment and green energy access are key to reducing emissions in India’s power sector.
GLOBAL ENERGY LANDSCAPE IS EVOLVING TO ADAPT NON-CONVENTIONAL SOURCES
Innovations in energy storage, grid upgrades, and AI-enhanced efficiency drive the energy transition, while geopolitical tensions and supply chain issues stress energy security and diversification.
Fast-growing energy demand spurs focus on renewable security
Advanced solid-state batteries can store more energy in a smaller space, making them ideal for grid applications where high capacity and durability are essential.
The future of sustainable fuels
Hydrogen Is rapidly becoming vital in the global transition to sustainable energy solutions. Innovative technologies and strategic partnerships accelerate hydrogen adoption, especially in Southeast Asia.
Exploring green hydrogen, nuclear alternatives critical for sustainable future
As of September 2024, India's installed capacity is 452 gigawatts, with 34.13 percent contributed by renewable energy sources.
Solar rooftop technology enhances rural energy security, reducing grid inefficiencies
Decentralised renewable energy systems, including solar rooftops, are significant job creators, particularly in rural areas. These systems have higher job creation potential compared to utility-scale solar projects.
