National Energy Storage Mission

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Context:

  • In February 2018, an Expert Committee under the chairperson-ship of Secretary, Ministry of New and Renewable Energy, with representatives from relevant Ministries, industry associations, research institutions and experts was constituted by the Ministry of New & Renewable Energy to propose draft for setting up National Energy Storage Mission (NESM) for India. The Expert Committee referred has proposed a draft NESM with objective to strive for leadership in energy storage sector by creating an enabling policy and regulatory framework that encourages manufacturing, deployment, innovation and further cost reduction.
  • NITI Aayog and Rocky Mountain Institute’s joint report on India’s Energy Storage Mission has proposed three stage solution approach i.e. creating an environment for battery manufacturing growth; scaling supply chain strategies; and scaling of battery cell manufacturing.
  • Energy Storage is one of the most crucial & critical components of India’s energy infrastructure strategy and also for supporting India’s sustained thrust to renewables.

     Key areas for energy storage application include:

    1. integrating renewable energy with distribution and transmission grids;
    2.  setting Rural micro grids with diversified loads or stand-alone systems; and
    3.  developing Storage component of electric mobility plans.

Source:TH