India's Clean Energy Vision: Driving Towards Energy Independence Through Innovation and Collaboration
Key Ideas
  • Union Minister Piyush Goyal urges industry leaders to enhance supply chain resilience and embrace new technologies to achieve self-reliance in the energy sector.
  • India reaffirms commitment to achieving 500 GW of renewable energy capacity by 2030, with a focus on the entire value chain and energy storage solutions.
  • Goyal highlights significant progress in domestic manufacturing of solar capacity and introduces schemes like PM Surya Ghar Yojana and PM-KUSUM for energy independence.
  • A four-pronged strategy proposed by Goyal includes targeted innovation, infrastructure expansion, resilient supply chains, and comprehensive value chain development to drive energy independence.
Union Minister Piyush Goyal addressed industry leaders at the 11th India Energy Storage Week in New Delhi, emphasizing the importance of reducing overdependence on specific regions and embracing new technologies to enhance supply chain resilience and achieve greater self-reliance in the energy sector. Goyal outlined India's clean energy future vision, focusing on the entire value chain from raw materials to recycling, and stressed the crucial role of energy storage in achieving the target of 500 GW of renewable energy capacity by 2030. He highlighted the need for collaborative efforts in developing charging networks and battery swapping systems to accelerate electric vehicle adoption. Goyal also discussed the importance of various storage technologies including batteries, pumped hydro, geothermal, and nuclear to meet the country's energy demands. He pointed out remarkable growth in India's solar capacity and introduced initiatives like PM Surya Ghar Yojana and PM-KUSUM to promote energy independence in households and agriculture. Goyal proposed a four-pronged strategy involving targeted innovation, infrastructure expansion, resilient supply chains, and comprehensive value chain development to achieve energy independence. The event, India Energy Storage Week, brought together global experts and leaders to discuss innovation and policy frameworks critical to India's clean energy transition.
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