India is rapidly advancing towards becoming a green power hub. Government agencies, private parties, institutions, and associations are highly optimistic about the country’s goal to emerge as a global leader in renewable energy. This collective enthusiasm underscores the nation’s commitment to a sustainable energy future. Irrespective of the measures being taken to achieve the goal, challenges must be addressed. The challenge of maintaining grid stability amidst the rapid expansion of intermittent energy sources is becoming increasingly critical.
The transition from traditional fossil fuels to a cleaner energy landscape presents unique hurdles, demanding innovative solutions to ensure that the grid remains reliable and power quality is upheld. Despite substantial investments flowing into the renewable energy sector, additional capital is still needed to accelerate growth and address various challenges. The ongoing need for infrastructure development, technological advancements, and market expansion drives this need. Continued investment is essential to support innovation, reduce costs, and achieve long-term sustainability goals in renewable energy.
Let us explore the advancements made so far and the multifaceted strategies employed to address the sector’s challenges. We will draw insights from industry experts and examine emerging trends within the sector.
Ensuring grid stability in the growing renewable energy sector
Denne historien er fra September 2024-utgaven av EPR Magazine (Electrical & Power Review).
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Denne historien er fra September 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.
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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.
