Latest news with #VinayakWalimbe
Time of India
06-06-2025
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
Time of India
06-06-2025
- Business
- Time of India
India set to attract over ₹8,000 crore investment in energy storage, EV, green hydrogen at IESW 2025
New Delhi: India is poised to attract investments exceeding ₹8,000 crore in the fields of energy storage, electric vehicles (EVs), and green hydrogen at the upcoming 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in New Delhi. Organised by the India Energy Storage Alliance (IESA), the event will facilitate new business deals, foreign collaborations, and the signing of Memorandums of Understanding (MoUs) aimed at strengthening India's position as a global manufacturing hub for advanced clean energy technologies. Delegations from countries such as Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to participate. " India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments, and we believe that this 11th edition of IESW will serve as a crucial milestone, significantly transforming the landscape of the country's energy storage, electric vehicle, and green hydrogen industries," said Vinayak Walimbe, Managing Director of Customized Energy Solutions. The event, hosted at the Yashobhoomi Convention and Expo Centre, will feature participation from more than 1,000 companies and over 150 key partners and exhibitors. Gujarat, Odisha, Telangana, and Chhattisgarh are on board as state partners, with support from various Union Ministries. As per government data released in 2023, more than 6,600 cleantech startups are currently operating in 450 districts across 34 states and Union Territories. IESA has projected that Indian battery and mobility startups are likely to attract investments worth USD 500 million within a year. "IESW 2025 is not just an event; it is a pivotal moment for the energy storage sector in India. We have a dedicated day each for stationary storage, green hydrogen, e-mobility and manufacturing in the same. This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," said Debmalya Sen, President of IESA. The conference will serve as a launchpad for factory and gigafactory announcements, showcasing advancements in battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and thermal storage systems. The event aims to enhance domestic manufacturing capabilities and establish a secure supply chain across energy storage and clean technology sectors.
Time of India
05-06-2025
- Business
- Time of India
Clean tech push: India may draw Rs 8,000 crore investment at IESW 2025; EVs, energy storage and hydrogen in spotlight
With global players and key states on board, India Energy Storage Week aims to boost manufacturing and green innovation through new partnerships and MoUs India is likely to attract investment exceeding Rs 8,000 crore in energy storage, electric mobility and green hydrogen during the upcoming India Energy Storage Week (IESW) 2025, to be held in New Delhi next month, PTI reported. Tired of too many ads? go ad free now Organised by the India Energy Storage Alliance (IESA), the event is scheduled for July 8–10 and is expected to bring together over 150 partners and exhibitors, alongside more than 1,000 companies. The platform will be used to facilitate business deals, MoUs and foreign collaborations aimed at accelerating India's clean energy manufacturing ambitions. 'The upcoming India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments,' said Vinayak Walimbe, Managing Director, Customized Energy Solutions. According to a statement from IESA, international delegates from countries including Australia, Germany, France, the UK, Finland, Canada, the USA, Israel and Korea are expected to participate. The alliance is also working with Gujarat, Odisha, Telangana and Chhattisgarh as state partners, and several central ministries are supporting the event. Debmalya Sen, President of IESA, said, 'This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward.' T Tired of too many ads? go ad free now he investment focus will span across battery storage, EV infrastructure and emerging clean technologies such as green hydrogen. These align with India's larger strategy to position itself as a global hub for sustainable manufacturing. IESA recently projected that mobility and battery tech startups in India could attract $500 million in investments over the next year, further reflecting momentum in the sector. Government data from 2023 showed over 6,600 clean tech startups operating across 450 districts in nearly 34 states and Union Territories, underscoring the scale and reach of innovation within the country.
Time of India
05-06-2025
- Business
- Time of India
India likely to attract investments worth Rs 8,000 crore at India Energy Storage Week 2025
India is expected to attract investment worth over Rs 8,000 crore for energy storage, electric vehicles (EV), and green hydrogen at India Energy Storage Week 2025 scheduled next month in the national capital. Hosted by the leading industry body, India Energy Storage Alliance (IESA), the event aims to bolster the government's mission of becoming a global manufacturing hub, a statement said. The India Energy Storage Week (IESW) 2025, is scheduled to take place in New Delhi from July 8 to 10. Over 150 key partners, exhibitors, and more than 1,000 companies are likely to participate. According to the IESA statement, India is set to attract over Rs 8,000 crore in investments for energy storage, EV (electric vehicle), and green hydrogen at IESW 2025, driven by the facilitation of new business deals, collaborations, foreign investments, and the signing of Memorandums of Understanding (MoUs). International delegates from Australia, Germany, France, the UK, Finland, Canada, the USA, Israel, and Korea are expected to take part in the event. IESA is also collaborating with Gujarat, Odisha, Telangana, and Chhattisgarh as state partners. Various ministries will also support the event. Live Events "The upcoming India Energy Storage Week 2025 is poised to be a game-changer for India's energy storage sector. We anticipate a remarkable surge in investments," Vinayak Walimbe, Managing Director of Customized Energy Solutions, said. As per the recent data revealed by the government in 2023, over 6,600 cleantech startups were operating across 450 districts throughout India, spread over nearly 34 states and Union Territories. Recently, the IESA has also projected that the Indian mobility and battery startups will attract an investment of USD 500 million within a year. "This year, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward," Debmalya Sen President of India Energy Storage Alliance (IESA) said.
Mint
06-05-2025
- Automotive
- Mint
‘India to have 123 million EVs on the road by 2032 under best-case scenario'
New Delhi: India will likely have 123 million electric vehicles (EVs) on the road by 2032 under the best-case scenario, a report published by India Energy Storage Alliance (IESA) and Customized Energy Solutions (CES) said on Tuesday. The adoption of EVs becomes critical, as the world's fifth-largest economy prioritizes sustainable development and races to achieve net-zero carbon emissions by 2070, the report said. This can bolster India's economy while supporting the ambitious target set for 2030—EV penetration of 30%. The report, titled "India Electric Vehicle Charging Infrastructure Market Overview," outlined the potential impact of this transition on the country's infrastructure and energy landscape. Also read: Ola Electric's Bhavish Aggarwal sends heartwarming message to rival Ather Energy on market debut: 'Let's together make…' 'By 2032, IESA and CES project that India's on-road EV stock could reach approximately 49 million (worst case), 60 million (business-as-usual), or 123 million (NEV scenario)," said Vinayak Walimbe, managing director of Customized Energy Solutions India Pvt. Ltd. The National EV Targets (NEV) estimates are based on the assumption that by 2030, EV penetration reaches 80% for electric two- and three-wheelers, 30% for private electric four-wheelers, 70% for commercial cars, and 40% for electric buses, he added. EV penetration refers to the share of electric vehicles among total vehicles in a system. By 2032, the projected stock of electric cars is expected to rise to about 4.3 million, 5.8 million, and 10 million units under the worst case, business as usual (BAU), and NEV scenarios, respectively, the report said. In addition, electric buses and trucks could grow to around 450,000, 750,000, and 1.1 million units under the above conditions. Also read: Ather Energy share price falls 6% after muted listing. Should you buy, sell or hold the EV stock? The report estimated that India's cumulative on-road lithium-ion electric vehicle (EV) population became nearly twelvefold to 4.4 million in 2024 from 0.35 million in 2019. This rapid growth, it said, has been fuelled by supportive government policies, such as the FAME-II scheme, which offered demand incentives for electric two-wheelers, three-wheelers, and four-wheelers, along with capital subsidies for public charging infrastructure. FAME stands for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles. The Union government implemented two iterations of the FAME scheme from FY15 to FY24. Currently, the PM E-drive scheme has replaced FAME. Under this scheme, the government has directed its subsidy push towards public transportation by allocating about 40% of its ₹ 10,900 crore-outlay towards electric bus subsidies. Notably, the personal electric four-wheeler (E4W) segment has emerged as a key driver of the country's expanding private and home charging ecosystem. Also read: India-UK Trade Deal: Tariffs on auto imports to be cut to 10%; whisky and gin tariffs down to 75% As per the report, in 2024, there were approximately 220,000 personal electric four-wheelers (E4Ws) on roads, most of which depended on Type-2 AC chargers installed in residential areas. By that same year, India had an estimated 320,000 private Type-2 AC chargers, with 70% being 3.3 kW units, 28% 7.4 kW units, and the remaining 11-22 kW units classified as high-capacity. India had roughly 76,000 cumulative public and captive charging points in 2024, with a combined installed capacity of 1.3 GW, the report said. To accommodate this surge in EVs, India must significantly expand its charging infrastructure, increasing from 76,000 points in 2024 to between 0.9 million and 2.1 million by 2032, the report said. The IESA-CES report further highlighted that electric two- and three-wheelers together accounted for over 93% of India's electric vehicles in 2024. In contrast, electric four-wheelers represented around 6%, while electric buses and trucks comprised less than 1%, as per the report. Debmalya Sen, president of IESA, said, "To support the projected EV growth, we can anticipate that India's cumulative installed EV charging points—public and captive—will need to grow nearly 12 to 28 times, from around 76,000 in 2024 to between 0.9 million and 2.1 million by 2032. Installed charging capacity must also scale more than 17 times, rising from 1.3 GW to 23 GW, depending on EV adoption and infrastructure utilization levels."
