Narasimhan Santhanam EAI, www.eai.in Renewable Energy in India – Why should you care? Narasimhan Santhanam EAI, www.eai.in

About EAI Leading Indian renewable energy business intelligence, market strategy consulting firm Work on all primary renewable energy sectors – solar, wind, bio-fuels / biomass, waste-to-energy and small hydro Work on market research, entry and diversification strategy, economic and financial modeling and pre-feasibility analysis Team comprises professionals from IITs and IIMs, with renewable energy, industry research and economics backgrounds Based out of Chennai, India More at www.eai.in

India’s current electricity production Installed capacity: Approx 150 GW Primarily based on coal (52%) & large hydro (27%) Wind (7%) is the largest alternative energy component Total non-hydro renewable energy is only about 8% of total

Future electricity requirements Could require 350 GW by 2017 (McKinsey) Where does the additional 200 GW come from? From fossil fuels (coal, natural gas) and Renewables

Renewable Energy Solar * Wind * Hydro – small and large * Biofuels Wave and tidal Geothermal

TODAY, India has abundant renewable energy resources, BUT… Renewable resources are costly Renewable resources are distributed Renewable resources are intermittent

Better Storage = Better RE Better energy storage  higher reliability Better energy storage  lower costs Better energy storage  distributed electricity generation

So, what’s the catch? TODAY Energy storage is costly (could increase energy production costs 100-300%!) Energy storage for utility-scale is still evolving Renewable energy is just starting off (less than 3% of total)

But TOMORROW’s another day Many off-grids & more distributed generation – demand side pull RE has scale – prompts investments and lowers costs Technological advancements – lowers storage costs

Tomorrow… Energy storage could be one of the biggest business opportunities

“What’s in it for me?” Indian market driven by strong economy, government mandates and incentives - Increasing need for electricity storage - 68000 unelectrified villages - National Solar Mission (2 MW – 20000 MW in 12 years!) - National Village Electrification Programme - Investor friendly policies (100% FDI in renewables…)

Technologies to watch out for Batteries – Lead acid, Li-ion, flow batteries, NaS Thermal energy storage – Solar CSP Fuel cells Pumped hydro Compressed air energy storage Flywheel Superconducting magnetic energy storage Supercapacitors

Markets to watch out for Energy storage (Battery) requirements for: Off-grid Solar PV market – rooftop solar Village electrification Commercial demand for replacing DG sets Solar-based products – lanterns, lamps and more Indian cellular tower industry

Opportunities for small and large companies For small companies Value added reseller of solar products & modules Manufacturing solar-based products on small-scale For medium and large companies Tie-ups with large panel and solar product manufacturers Entering new battery tech such as flow batteries & NaS

Opportunities for partnerships Joint ventures & research partnerships New technologies and applications Value added resellers Specific industries (cellular) / markets (local villages) OEM partnerships solar modules manufacturers/solar product suppliers

Opportunities from innovations New markets - Non-consumers becoming consumers, grid-connected power generation segment New sources - Use in emerging renewable energy sources such as tidal, wave & geothermal New products – Use of RE for new products that have critical need for batteries

“What should I do?” Secondary research – read up more on your target segment Primary research – talk to the market Foot in the door – get your hands dirty at least cost

All the best! Narasimhan Santhanam EAI – Energy Alternatives India @ www.eai.in narsi@clixoo.com 98413 48117