The energy storage market in India to be USD 2.8 billion in 2018 and forecasted to grow at a CAGR of 6.1 percent by 2026, said India Energy Storage Alliance (IESA) report. As per the IESA’s 5th edition of India Stationary Energy Storage market report, the total annual MWh addition in 2018 hit 24.4 GWh […]
Global Energy Storage Alliance proposes 22nd September as World Energy Storage Day India Energy Storage Week (IESW) to kick start with a myriad of activities like India Energy Storage & EV Technology Forum, 3rd India Energy Storage & EV Policy Forum, IESA Investment Forum & start-up competition and Masterclass on energy storage manufacturing Pune, India: […]
On July 5, when Finance Minister Nirmala Sitharaman rose to present the Union budget for 2019, expectations were somewhat muted in the understanding that with an interim budget already presented, there was little scope for big announcements. As it turned out, the minister did make a few announcements on the taxation front as well as […]
Nowadays, power storage has become vital on the back of its rapid response even at the time of peak demand, as most of the power storage technologies began transmitting power back to the grid within milliseconds. Moreover, storage technologies not only help in bolstering the use of electric vehicles but also help in reducing carbon […]
High Time for Policymakers to take Decisive Action If we really want to tap into the country’s estimated 300GWh of storage opportunity in the next four years for domestic manufacturing, this is high time for policymakers to take decisive action, believes Dr. Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA), a membership driven alliance […]
Okaya Power Group, a world class battery and inverter manufacturing company has received the most distinguished “Emerging Energy Storage Company of the Year” award from India Energy Storage Alliance (IESA). IESA, which is a leading body aimed at making energy storage sector in India more competitive and efficient, bestowed the esteemed award upon Okaya for […]
“For India to successfully move away from fossil-fuel dependence oil companies should become the energy companies of the future,” he said. There should be no road tax for electric vehicles (EVs) and green permit should also be issued for EVs, said Amitabh Kant, Chief Executive Officer, NITI Aayog. Speaking at the Make in India session […]
Solar power with its inherent limitation of being available only during day time and the influence of weather conditions, has made batteries an integral part for all PV systems. Increasing solar power injection makes grid stability and management issues a concern. As India is moving rapidly towards an energy and transportation transition, the need to […]
The GST Council’s move came after the recognition of the need to enhance the energy storage industry and its related segments. India Energy Storage Alliance (IESA) has welcomed the GST council’s reduction of goods and services tax (GST) for Lithium-Ion Batteries from 28 percent to 18 percent. The GST Council’s move came after the recognition […]
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