IESA Signs MoU with IGEF to Promote Energy Storage

IESA Signs MoU with IGEF to Promote Energy Storage

IESA is going to host 5th edition of the India Energy Storage Alliance conference in New Delhi from 10th to 12th January 2018

energy storage

India Energy Storage Alliance (IESA) has entered into a Memorandum of Understanding (MoU) with Indo-German Energy Forum (IGEF) to promote and facilitate energy storage business among various Germany and Indian stakeholders. The MoU was signed at Intersolar India 2017.

Dr. Rahul Walawalkar, Executive Director, Indian Energy Storage Alliance (IESA) said, “We are delighted to sign this MoU which will enable IESA and IGEF to deepen their collaboration on issues of mutual importance, including advocacy efforts, grassroots outreach, policy development and the development of energy storage.

“The focus of IGEF is to develop and extend the cooperation between India and Germany in the energy sector and IESA has set a vision of making India a global hub for manufacturing of advanced energy storage systems by 2022,” he added.

IESA is going to host Energy Storage India (ESI) conference with a focus on energy storage, micro-grids, and electric vehicles. “The 5th edition of the conference is scheduled in New Delhi from 10th to 12th January 2018 with more than 25 countries participating, 1200 plus industry experts and over 100 speakers at the conference,” IESA statement said.

“IESA will help IGEF on India’s energy storage developments similarly IGEF will support IESA on Germany’s energy storage developments,” it added.

India Energy Storage Alliance estimates the market opportunity to be 50-70 GW by 2022. “Opportunities for energy storage in India cover a full range of applications covering grid-scale energy storage for optimizing T&D investments and enabling renewable energy integration, to providing energy access through microgrids to over 20 crore people, to providing batteries for the ambitious electric mobility program where India is targeting to move to all EVs by 2030,” IESA said.

“These opportunities are expected to attract investment in 2-4 Giga factories for advanced Li-ion batteries in India, attracting over $3Billion in investments in next 3 years. Already, over 1 GWh of annual assembling capacity is being set up for converting imported Li-ion cells into battery modules by various Indian companies,” it said.

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