World Sustainability Day 2023: In addition to renewable energy, India's EV industry is gaining momentum, primarily due to awareness programmes by the government, agencies, and companies
India's renewable sector is booming. It is now a global leader in the renewable energy market. The government's policies and initiatives, coupled with foreign investments, have pushed New Delhi among the world's top three largest producers of renewable energy. Recently, President Droupadi Murmu said that energy efficiency and renewable energy are the key pillars for achieving India's net-zero emissions goal, adding that the power sector is one of the prime movers for development.
As the country continues to make impressive strides in the renewable energy sector to position itself as a leader, the electric vehicle industry is also gaining traction. Notably, India is leading in the shift to EVs; all credit goes to the awareness programs by the government, agencies, and companies that have contributed to an exponential surge in EV uptake.
Delhi-based EV charger maker Servotech Power Systems filed patents for innovative energy management technologies to boost EV adoption further. This will facilitate grid service optimisation through a battery energy storage system and effectively channel renewable energy into the Battery Energy Storage System (BESS) for maximum value, enabling the transition to sustainable energy.
"Both the cutting-edge technologies (System and Method for Controlling Load Shifting by Third Party and System and Method for Effective Energy Channelization from a Renewable Energy Source) possess applicability across a broad spectrum of fields, including solar and electric vehicle charging systems," it said in an exchange filing on the National Stock Exchange (NSE).
Technologies epitomise significant advancements in the realm of energy management. Technologies are poised to contribute significantly toward a cleaner, more sustainable energy future.
Earlier in 2015, the Modi government had set a target of 40 percent renewables in the energy mix by 2030. However, the target was achieved in 2021, nine years earlier, according to Union Power Minister RK Singh.
The government has revisited the target and aims for renewables to account for 65 percent of the country's energy mix by 2030. India has 186 GW of non-fossil fuel-based installed power generation capacity at present.