Harsh Goenka’s Post

I addressed the participants on 13th Feb , 2024 in ' International Conference on Solar Thermal Technologies' organised by SECI and NSEFI in Delhi. The event brought the focus on CSP technology which ought to be an important part of energy transition strategy of India and has potential to support the phase down of coal based generation. In view of its high local content ( more than 60% and can go up further) and its ability to supply peak hour electricity, India should take lead globally to scale up this technology, being the only large country with excellent direct solar radiation ,and which is also set to witness continuous growth in peak demand for electricity upto 2047. In view of our large market size , local manufacturing capabilities and cheap labour , there is huge potential for further cost reduction of CSP plants , if it receives the same policy support and incentives as being provided to battery storage , which is import intensive and critically dependent on minerals not likely to be available in India in near future. I made the following two key suggestions: 1. In order to demonstrate cost reduction through scaling up, like UMPP, we need to take up three or four large sized CSP projects with thermal storage -- 500 to 1000 MW each -- supported by long term PPA and VGF, if needed on the lines of BESS scheme. Solar PV succeeded in reduction of tariff by scaling up in parks of GW scale. 2. We need to look at CSP as a peaker plant, not a small component of solar PV project for RE RTC supply, with need to provide two part tariff and long ternm financing as being provided for Hydro power projects. #energytransitionofindia

Actually CSP requires boost up with financial support from govt, also this technology doesn’t leave any burden on the environment also as in the case of BESS. So large size thermal storage plants for peak hour demand must be supported.

There's GOLD in them thar electricity markets! The results of WA's second emergency battery storage (and demand side response) tender in WA are out. This was in response to a lack of capacity that threatened blackouts over coming summers. Neoen are the big winners (as already flagged), but this time we know the numbers. NEOEN will be paid ~$350 million! over 2 years to supply 300MW of peak demand services @ $591k per MW (capacity price versus ~$250k in the regular capacity market at present). This will flow through to WA businesses and households' power bills at some stage via increased market charges. NCESS 2 is slightly different to the first NCESS round AEMO ran for 24/26. That included not just peak capacity but a low load response service, so direct comparisons are not possible. But probably on par if not slightly higher in the NEOEN case? Happy to be corrected! That amount will pay for a lot of the battery!! #fortunefavoursthebraveinabuyersmarket #youtakethepuntyougetthequan This 25/27 NCESS round saw AEMO enter contracts with five service providers for ten projects to provide up to 405 MW of Peak Demand Service and against a procurement target of 436 MW. Other firms with a slightly more demure pricing approach were Synergy (Electricity Generation and Retail Corporation) Enel X Plico Alinta Energy Advanced Energy Resources The higher prices have at least - for now - had the desired effect of inducing new capacity in the market. If you'd like to discuss this further, the implications for your project or any WEM issue including the recent CIS tender, get in touch with us at ATA Consulting. TENDER DETAILS HERE: https://lnkd.in/gZpjtq-q #aemo #wem #madeinwa #batterystorage #renewables #energy #bignumbers #blessedsoblessed #power #bank #swag #quan

National Thermal Power Corporation National Thermal Power Corporation (NTPC) is India's largest power generation company, operating across various energy sources including thermal, hydro, solar, and wind. A fundamental analysis reveals NTPC's strong financial performance, highlighted by revenue growth and profitability, coupled with a manageable debt load. Growth prospects seem promising with upcoming projects and a favorable sector outlook, supported by government policies. Competitively, NTPC holds a significant market share and continues to innovate technologically. On the technical side, analysis of price trends, trading volume, momentum indicators, and chart patterns offers insights into short-term price movements and potential entry/exit points. Combining both fundamental and technical analyses enables investors to make well-informed decisions regarding investment in NTPC's stock, considering financial health, growth prospects, market trends, and short-term trading opportunities. As on 31- 03- 2024. , #invest #grow

🧐How many kVA of transformers would India need before 2030 to #transition to #EVs and other renewable energy options? 🔌The answer is most likely near this number. 9,079,030.000 kVA 🇨🇳The data is of the transformer installed in #CHINA up to 2022 since 2007. 📈This records an increase from the previous 8,627,670.000 kVA for 2021. 📶Indian National #Grid is yet to start working on making it ready to handle PEAK HOUR #DEMANDS due to EVs. ⚡ China did this with the help of their Government. In India, no policy is published focusing on #Charging #infrastructure. 🪫#FameII is coming to an end on 31st March 2024. Most likely, #Fame III is in the pipeline, which holds some hope for Charge Point Operators #CPO 🇮🇳There is a lot that India could learn from China in terms of transitioning to the #Renewable #electricity generation. #China #growth #energy #power #ev #hydrogen #economy

In order to help meet the high electricity demand in the country during the summer season, the Government of India has decided to operationalize gas-based power plants. To ensure maximum power generation from Gas-Based Generating Stations

Do you know- Decline in battery costs over the past decade, particularly in 2023, has reduced energy storage costs globally, driving BESS adoption. A big hands of applause to our policymakers whose efforts plugged the gap of supplychain that led to moderation in price of raw materials. Currently, BESS and pumped hydro storage are the main energy storage options in India. ➡ The discovered tariff under BESS tenders has more than halved from INR 10.84 lakh/MW/month to INR 4.49 lakh/MW/month, reflecting declining battery prices.( SECI tender) ➡ Viability of BESS projects hinges on the capital cost, estimated around $220-230/kWh based on average battery costs of $140/kWh seen in 2023.(SECI tender) ➡ Storage cost using BESS has decreased to INR 6.0-7.0 per kWh, but remains relatively higher than INR 5.0 per unit for pumped hydro storage (PSP). ➡ BESS projects have shorter lifespans and require replacement capex compared to PSP hydro, but entail lower execution risks and gestation periods. ➡ Continued reduction in battery prices and shorter gestation periods are expected to drive greater adoption of BESS projects for energy storage in the future. Hence the energy security consequently. Another Technical development is set to arm the country in the storage field ie Sand Based Gravity Energy Storage System. if it's competency paves the way India can play on it's strength. (Baud Resources, a cleantech start-up, has developed a gravity energy storage mechanism that uses locally available materials like sand and industrial waste as its payload. The company is expected to announce its inaugural commercial plant by the end of this year, with completion expected in 2025. The plant will have a 100 MWh capacity and offer a levelized cost of storage of around INR 2.5/kWh.) #renewable #energy #storage #battery #pumpedhydro #intermittant #seci #BESS #demand #supply #manufacturing #rawmaterial #valuechain

15 Tenders | 2 Awarded | 178 MWh Commissioned | 66% price drop That's to summarize the first 7 months of 2024 for the Indian Energy Storage sector. Since the first tender in 2018, India has seen 65 tenders linked with #energystorage associated with #renewable capacity of 27 GW and #ESS capacity of 75 GWh. As on date a total of 42 GWh #capacity is in open #tendering stage and 17 GWh awarded/ under #execution. Of the total capacity tendered (under competitive bidding), 51GWh is #pumpedhydro specific while 9 GWh is #battery specific, with the rest being technology agnostic. 2024, saw the lowest #tariff discoveries too for standalone BESS @ INR 3.72 lacs/MW/month (66% drop in 2 years time) and #Solar + BESS @ INR 3.41/kWh both matching shoulders and beating many of their contemporaries. Today's union budget also announced about #policy for developing #pumpedhydro which would further amplify the activities in the energy storage space in India. Just to reiterate, by the end of this decade India would require 19 GW of pumped hydro (from 3.3 GW today) and 42 GW of BESS! A lot more needs to happen and at a much faster pace! #energytransition

An interesting glimpse into the future and why we need electricity market to grow much beyond what it is today!! This graphic taken from CEA projected resource mix for 2029-30 suggests that May'29 is likely to see the peak for 2029-30 and hour wise dispatch for the day will look like this!! Also taking it from CEA again, by 2029-30, mix will include energy storage capacity of around 60 GW (19 GW PSP and 41 GW BESS) with storage of 335 GWh (128 GWh from PSP and 208 GWh from BESS). This can also be seen in the morning, noon and evening hours of graphic, charging in noon and discharging in morning and evening. Now the interesting thing!! VGF scheme for 4GWh, as announced by MoP, estimates investments of around $ 1.1 billion and this will have budgetary support of $ 0.45 billion. Translated to needs by 2029-30 which is 208 GWh, this will need a CAPEX of around $ 60 billion and definitely it will not be possible to provide budgetary support as per current scheme which will translate to $ 24 billion (and this is only BESS no PHP!!). And that's what makes market changes necessary, current structure and provisions can't give the mix that we envisage/ will need by 2029-30. As I said in one of the previous posts, BESS is a distinct asset and there are number of revenue stream possibilities, but these have to be facilitated by policy, regulations and market provisions that make it a positive business case proposition and thereby attracting capital to the extent needed. It will definitely open up several other things including innovative and new business models plus enabling technological interventions and Indian industry will have to rise to that. #batteryenergystoragesystem #BESS #electricitymarket #gridservices #CEA #indianpowersector #IEEMA #indiangrid #innovateinindia #energytransition

#Newstudy on 'Scaling #demandsidemanagement in India' Please share your thoughts and feedback on this work. Write to us if you have suggestions on translating this research into action. #WorldEnergyEfficiencyDay