Fired up and plugged in – Driving India’s energy security and decarbonisation this decade
As India throttles to become the fastest-growing economy in the coming years, it will have to grow in the wake of a global agreement at COP-28 to phase down unabated coal. But to keep the economy powered while decarbonising, the country will have to use its existing assets better to cater to growing demand, while simultaneously limiting exposure to new coal assets and investing in energy storage capabilities to integrate a higher share of renewable energy in the power grid. To seamlessly integrate more renewable energy into the grid, thermal plants that typically produce a steady load of power must learn to follow the vagaries of the wind and the sun. Additional revenues can go to battery storage systems through existing mechanisms by providing a host of critical grid support services, including inertia, black start, voltage stabilisation and reactive power supply. While the attention on the global stage focuses solely on decarbonisation, domestic energy security — especially because of rapidly growing power demand in the short term — will drive policymaker focus and investments in India.
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