India’s power market entering a storage-led transformation phase: Apoorva Bahadur
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Mains·
Why in news
Apoorva Bahadur of IIFL Capital highlighted the transition of India's power market toward a storage-led model to bridge the evening supply gap caused by solar intermittency.
Background
India's power demand is rebounding due to increased appliance usage and economic growth. The primary bottleneck is the cessation of solar generation during evening hours, necessitating Battery Energy Storage Systems (BESS) and pumped hydro projects.
Facts for Prelims
- FactBESS and pumped hydro projects are identified as key solutions for evening energy storage.
- FactRenewable energy production currently meets daytime demand but faces a bottleneck during evening hours.
For Mains
Q. Analyze the role of energy storage systems in achieving India's renewable energy targets and ensuring grid stability amidst rising power demand.
Dimensions to cover in your answer
- Supply-demand mismatch: Addressing the evening generation gap caused by solar intermittency
- Cost-inflation trade-off: Short-term price hikes due to infrastructure investment vs long-term deflationary trends
- Market competition: Managing aggressive bidding and early-stage optimism in BESS project procurement
Keywords: Energy Storage Systems · Grid Stability · Renewable Intermittency · Infrastructure Investment · Deflationary Trend
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