EMERGING TECHNOLOGY NEWS by ETNews

Regn.No.: MAHENG/2019/77824 Volume 7 - Issue 6 – November-December 2020 – `250 SPECIAL

Leading Excellence

*Artistic image for representation only

Aligned with self-reliance

138

130

IESA Industry Excellence Awards Winners 2020

CONTENTS

VOLUME 7 – ISSUE 6 • NOVEMBER-DECEMBER 2020

TN Present Power Generation Scenario – FY 2019-20 131

Fuel Wise Installed Capacity (%) FY 2019‐20 Rooftop Solar 1%

Fuel Wise Generation Share (%) FY 2019‐20

Pumped Storage Plants 1%

Grid Scale Solar 14%

Import 19%

Coal 32%

Wind 32%

Gas 4%

Baggasse 3%

Coal 41%

Solar 7%

28,672 MW

Hydro 7%

Nuclear 6%

1,10,967 MUs

Wind 18%

Bagasse 0.02%

Nuclear 9%

Gas 2%

Hydro 4%

53 64

Source: Energy Policy Note 2020021, SRLDC Reports

102 47

The Indian Grid

battery and other energy storage research, development of lighter or stronger materials for EV components

design, develop, and test the tools, engines, machines

Nuclear 1.8%

GENERATION MIX

Renewables 23.9%

INSTALLED CAPACITY MIX

Economics

Mechanical

Diesel 0.1%

Biomass 1%

Higher study and Research areas in EV and storage sector Materials

Gas 6.7%

Techno-economic analysis, system benefit studies, incentives and trade offs analysis

373 GW

135 GW

Other 36.2%

Wind 5%

Solar 3%

Hydro 12%

Coal + Lignite 55.2%

Nuclear 3%

Hydro 12.3%

Small Hydro 5%

1383 TWh

Gas 4% Solar 40%

Renewables 36% Thermal 62% Nuclear

2% 30‐11‐2020

89 GW

Wind 43%

Coal 72%

Bio‐Fuel 12%

Pipeline: 45.11 GW in implementation, 28.43 GW in Bidding

Electronics

Management

design, develop, and test electronic components; primarily focused on the control systems and additional electronic components for the ESS and e-Vehicles

supply chain, entrepreneurship, growth strategies, investment strategies, Merger and acquisitions

Electrical

Software

design, develop, test of electrical components where batteries and motors

design and create BMS, EMS, ESS optimization and EV monitoring software

Public policy Policy framework for large scale EV adoptions, impact of EV

| November-December 2020

EXPERT'S NOTE

FROM THE EDITOR

10 NATIONAL NEWS 20 INTERNATIONAL NEWS 60

48 50

ENERGY STORAGE 26 ACC battery PLI scheme EXCELLENCE AWARDS REPORT 30 Leading Excellence: Aligned with self-reliance LEADERSHIP SPEAK 42 Vikram Handa, MD - Epsilon Carbon E-MOBILITY 46 E-2W: Riding the future of e-mobility in India 52 E-3W: Leading the electrification race in India 58 E-4W: Steering into sustainable

49 115

transportation

64 E-bus to drive public transport electrification 68 EV charging infra in India set for expansion 117 121

STATE FOCUS 70 Tamil Nadu – clean energy leader in the making ENERGY STORAGE 74 Foundation-laying year for energy storage 78 Battery storage manufacturing in India 80 R&D in battery energy storage sector in India 100 Investments in the energy storage market 106 UNIDO-CES to promote energy storage innovations

128 Battery storage: Enabler of clean energy and transportation

EVENTS 84 India Energy Storage Week 2020 130 World Energy Storage Day review 138 RE-INVEST: India stepping up sustainable

119

RE transition

STARTUP 110 The Global Startup Outreach Program 114 Green mobility: A promising start up

132

131

BENCHMARK 124 IESA ranking of ES companies in India for 2020 November-December 2020 |

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EXPERT'S NOTE

2021: Opening up opportunities As you read this special issue of ETN, we are all eagerly looking forward to a fresh start in 2021, and to get back to life as the distribution of the COVID vaccine starts taking place across the world. We still need to be careful for next few months, but it is clear that the worst is behind us. 2020 has demonstrated the resiliency of the industry and has also helped us realize our priorities both as individuals as well as a society. I am confident that we will emerge stronger as a community and the coming decade will help us move towards a more sustainable environmental goal. The traditional mindset of incremental changes and status quo has been shaken up with the COVID crisis. Even amidst all the disruption, 2020 has emphasized that the emerging technologies of energy storage and e-mobility are gaining rapid acceptance around the world. Most of the countries have also realized the risk of depending on just one country for majority of imports, and have started exploring alternatives through localization as well as alternate supplier Dr Rahul Walawalkar identification. President – IESA Europe has taken a lead in capturing this opportunity and Managing Director – CES India has shown a possibility of competing with China for high-end gigafactories and EV manufacturing. With the recent changes in the US administration, it is anticipated that now US will also give lot more focus on clean energy and electric transportation as it is expected to re-sign the Paris Climate Agreement, after having opted out earlier. India has also used this opportunity to take a relook at the ‘Make in India’ initiative that was launched in 2014 as Atmanirbhar Bharat mission. The work done by IESA and We will emerge stronger other stakeholders, along with NITI Aayog to develop the national program for Advanced Chemistry Cell (ACC) Battery Manufacturing as a community and has been used as a model to create a ‘Production Linked Incentive’ (PLI) scheme. This scheme covers 10 key industrial sectors including the coming decade will batteries, solar, automotive, cell phones, medical devices and more. help us move towards The Cabinet Committee of government of India approved the PLI scheme in November, and immediately after that NITI Aayog released the a more sustainable draft model tender document for the gigafactory mission. It is anticipated that NITI Aayog will quickly address questions / clarifications raised by environmental goal the industry, and the RFP for 50 GWH ACC battery manufacturing will be issued in January 2021. This is the best opportunity for the Indian industry and MNCs who are looking to tap into the growing Indian market to establish a manufacturing base. PLI has provisions of linking the inventive to domestic value capture, thus creating opportunities for investments in not just the cell manufacturing gigafactories, but also the critical supply chain and recycling infrastructure. IESA has played a key role in shaping the national program and is grateful for the leadership role played by Shri. Amitabh Kant, CEO of NITI Aayog, and his team. In recognition of his efforts, IESA has honored Mr. Kant with the Policy Pioneer Award at the recently concluded IESA Industry Excellence Awards in November. Now it is absolutely critical that all of us get focused on achieving the dream of making India a global hub for R&D, manufacturing, and adoption of advanced energy storage and emobility technologies, in the coming decade. We need to ensure that we do not just wait for government RFPs to drive the adoption but identify opportunities where these technologies can be deployed right now. Startups are going to play a key role in achieving this transformation. I have been amazed by the passion and confidence demonstrated by these entrepreneurs. I hope that even the large corporates will step up and capture the unprecedented opportunity presented to us. November-December 2020 |

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FROM THE EDITOR

The Rise of the Technology Age 2020 – the year of the pandemic has figuratively set the world spinning in reverse. Hurricanes, floods, extreme temperatures, deadly forest fires, and towering above all these climate disasters is COVID-19. It showed out the inadequate efforts of global leaders to cut back on emission. The Paris Agreement of five years, for example, together with the International Solar Alliance, seeks to restrict global heating below 2oC at the end of this century, is in poor shape and not on track to meet even its modest commitments. It is apparent that relying merely on the Paris Agreement will not limit warming. The approach needs to be more inclusive. World over, nations need to take up climate trade policies and thereby seek to make their imports meet their environmental obligations. Together, we first need a deep understanding of implications of a green transition and prepare a benchmark for environmentally friendly technologies and behavior. The world is moving out of the Industrial Age where increased growth meant increased emissions or the more you pollute the more you grow. Coronavirus has fast tracked us into a new age of AI, of sustainable digital technology. Today, it is possible to make progress Ashok Thakur Chief Editor – ETN and grow, at a lesser pace of emission as the cost of renewable athakur@ces-ltd.com energy, storage, smart grids are swiftly becoming cost competitive with fossil fuel technology. The world is no more competing for a finite energy resource, and should come together to make an abundance of energy that is affordable and accessible to all. A global country wide effort would hasten this process. Software is becoming central to all industries, and enterprises are undergoing a transformation to digital. The new age brings a prospect of energy for all, along with work for all; there are tremendous opportunities in the areas of skilling, R&D, ecosystem connects, life science and bio technology, smart manufacturing, smart agriculture, smart health, aerospace and defense, online education, sports economy and automotive – to name just a few. Robotics and Tech Parks are frontier areas of technology in India and will receive focus in the soon to be released Science, Technology and Innovation Policy 2020. In the shift to AI and software adoption, three digital technologies - cloud Sound environmental computing, cyber security and big data analytics - are at the heart of this policies can transformation. Cloud is no more back-end storage, but has moved to become front-end technology, enabling on demand access to resources, flexibility in make sound scaling, cost reduction and much more. NITI Aayog along with AWS (Amazon economic policies Web Services) has announced the launch of the Frontier Technologies Cloud Innovation Center. CIC is a public-private partnership to address societal challenges through digital innovation. India is emerging as a software-as-a-service hub and boasts 1000 plus SaaS companies, of which 150 have revenues of more than $1million. India’s small and medium business SMBs offer a huge untapped opportunity. Lower down the rung, MSMEs are to become technology resource centers through an accelerated implementation of India’s digital MSME scheme. Cloud datacenter parks are proposed and Cloud Vision 2020 aims to establish India as a global hub for cloud computing, content hosting and delivery data communication systems and services. At an event on ‘safeguarding the planet’ on the sidelines of G20, PM Modi had said that the world can progress faster if there is greater support of technology and finance to the developing world. The recently announced 10-sector PLI scheme, including manufacturing of ACC battery, represents one of the largest economic opportunities of the twenty-first century for several global growth sectors - such as consumer electronics, EVs and RE. The automobile industry is under major disruption, and ICE is already at the beginning of its decline. The upstart e-mobility will now need all the support to make a swift entry and contribute towards a cut-back in temperature rise. Alongside, research is on to make EVs even greener through use of zero emission hydrogen. As a country India is working on reforms and transformation, the only bottleneck is speed. We must understand and recognise opportunities as well as the opportune time, since time waits for no one. Post pandemic, industry has to function in conjunction with nature and make the Earth green again. In the prime minister’s words "We [India] are showing the world that sound environmental policies can make sound economic policies." November-December 2020 |

NATIONAL NEWS

Energy Storage

Cabinet nod to incentives scheme for ACC battery

With the view to bolster the manufacturing capabilities of the country and enhance exports, the Union Cabinet today approved production-linked incentives (PLI) in 10 key sectors including Advanced Chemistry Cell (ACC) battery, under the Atmanirbhar Bharat (Self-reliant India) vision. The 10 key sectors have received a total financial outlay of `1,45,980 crore over a period of five years, of which, ACC battery has been approved a financial outlay of `18,100 crore. Automobiles and auto components have been approved `57,042 crore. “The PLI scheme will be implemented by the concerned ministries/departments and will be within the overall financial limits prescribed. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet,” the official statement said. The objective of the PLI scheme across these 10 key specific sectors is to make Indian manufacturers globally competitive, attract investment in the areas of core competency and cutting-edge technology; ensure efficiencies; create economies of scale; enhance exports and make India an integral part of the global supply chain.

ACC battery manufacturing represents one of the largest economic opportunities for several global growth sectors, such as consumer electronics, EVs, and RE. The PLI scheme for the ACC battery sector is expected to incentivize large domestic and international players in establishing a competitive ACC battery set-up in the country. In the auto sector, the PLI scheme aims to make the Indian automotive industry more competitive and enhance the globalization of the automotive sector through the latest incentives. India Energy Storage Alliance (IESA), the leading industry alliance focused on the advancement of advanced energy storage and e-mobility technologies in India, welcomed the PLI scheme announced by the Government of India. Commenting on the government's move, Dr. Rahul Walawalkar, President – IESA said, "This is an extraordinary move by the government and is a result of 4+ years of industry push led by IESA and other stakeholders. This national program holds immense importance as it is going to accelerate the Atmanirbhar Bharat Abhiyan in domestic manufacturing, helping India to enter the global value chain for advanced energy storage technologies.”

Image for representation only | November-December 2020

“We are thankful to Amitabh Kant and the NITI Aayog team for their leadership along with contributions from the Department of Science and Technology (DST), Department of Heavy Industries (DHI), Ministry of New & Renewable Energy (MNRE), and the Ministry of Electronics a n d I n f o r m a t i o n Te c h n o l o g y (MeitY) in shaping this program,” Dr. Walawalkar added. IESA has been actively working in this space for the past three years, collating information from industry players (IESA member companies) and submitting inputs on the discussion for Advanced Battery Manufacturing in India. "Since May 2019, IESA has been in constant communication with the NITI Aayog and other ministries/departments on the launch of the Mission," IESA said in its official statement. In July this year, IESA wrote a letter to the PMO requesting to expedite the launch of the Advanced Chemistry Cell - Gigafactory Manufacturing Plan. In September this year, with the view to further accelerate their efforts, IESA banded with industry associations like Indian Electrical & Electronics Manufacturers' Association (IEEMA), India Smart Grid Forum (ISGF), ELCINA, and Maharaja Agrasen Institute of Technology (MAIT) and submitted inputs urging the ministry to take the necessary steps for promoting Advanced Battery Manufacturing in India. IESA wrote multiple letters to the ministry explaining the urgency of the Mission and the need to avoid delays which could lead to India missing out on investment opportunities to other countries. Moving forward, Dr. Walawalkar suggests there is a need for the government to pick some measures for kick-starting deployments of energy storage technologies in a systematic manner that will help investors to commit billions of dollars required for building gigafactories and the rest of the supply chain. This does not necessarily require

11 the government to subsidize the demand, but to identify applications where these technologies are economical and government agencies can save money by adopting the ACC technologies (similar to how the LED rollout was planned through EESL). Making SECI a case in point, Dr. Walawalkar proposed that as SECI has already identified series

of projects and business models for deployment of large-scale renewable hybrid projects, the government can also focus on utilizing energy storage for reducing diesel consumption to help with air quality and pollution reduction. "IESA is committed to supporting this initiative by bringing together various companies that are ready to invest and are also driving initiatives

to accelerate the adoption of energy storage and EVs from the private sector through initiatives such as E$$Meet, MOVE and EV Adopters Club," Dr. Walawalkar said. “With the launch of the ACC Battery Manufacturing Mission, we hope that the government will also monitor the progress of these projects and ensure timely completion to help build industry confidence."

Sterling & Wilson bags EPC contract for hybrid solar plant Sterling & Wilson Pvt Ltd (SWPL) has announced that its Hybrid & Energy Storage division (HES), in partnership with the French company Vergnet and SNS Niger, has signed an EPC contract for the construction of a hybrid plant with solar photovoltaic batteries and diesel generator in Agadez, Niger, West Africa. Presented by the Nigerian Electricity Company (NIGELEC), the project includes a battery-powered energy storage system (BESS) of 18.9 MWp + 11.55MWh / 3.0 MVA + 6.54 MVA diesel generator (2.18 x 3 MVA) with a 20 kV substation and an evacuation line to the NIGELEC substation in Agade. The consortium will also be responsible for a two-year operation and maintenance

Image for representation only

(O&M) service of the plant. The project also includes the rehabilitation of the electricity network of the city of Agadez, which does not allow the evacuation of electricity to and within the city, and the electrification of the neighboring village of Tibinitene. Deepak Thakur, CEO - HES, Sterling & Wilson said: “We are

delighted to have completed another prestigious project in Africa following the commissioning of Nigeria's first hybrid solar storage power plant, which is also the continent's largest battery energy storage system. Hybrid energy solutions have huge potential as many power generation and distribution companies in regions like Africa are turning to renewables.

Exide increases stake in JV with Leclanché Exide Industries Ltd (EIL), India’s largest manufacturer of leadacid batteries and energy storage solutions has increased its stake in its joint venture (JV) with the Swiss firm, Leclanché, to 80.15 percent. EIL has further invested an amount aggregating to `33.17 crore by subscription to the equity share capital of its subsidiary, Exide Leclanché Energy Pvt Ltd, the company said in a regulatory filing. "With the above investment, the equity shareholding of EIL in the joint venture company (JVC) stands increased from 77.87 percent to 80.15 percent of the total paid-up share capital," EIL added. In June 2018, Exide Industries signed a pact with Leclanché SA,

Exide’s manufacturing plant in India. Source: Exide Industries Ltd

one of the world’s leading energy storage providers, to build Li-ion batteries and provide energy storage systems to meet the growing needs of the EV market and grid-connected applications in India. As part of the JV, Leclanché was to provide access to its knowhow and intellectual property for

lithium-ion cells, modules, and battery management systems, and Exide Industries were to leverage its extensive sales network and brand. The JVC will be focused on electric transport, stationary energy storage systems, and specialty storage markets.

November-December 2020 |

NATIONAL NEWS

Renewable Energy

Snam collaborates with Adani and Greenko for green mobility

Italy’s Snam has announced its entry into the Indian market with the launch of its collaboration agreements in the energy transition, principally in

Image for representation only

hydrogen and low-carbon mobility with feasibly two of the biggest firms in the country in the segment in Adani and Greenko. Snam has launched with Adani, one of India’s largest infrastructure and energy groups, a partnership focused on a sustainable future, which envisions exploration of the hydrogen value chain in India and globally, as well as the development of biogas and biomethane, and of low-carbon mobility. Additionally, a non-binding agreement has been signed with Adani Gas Limited, a joint venture company of Adani Group of India and Total of France, to generate a

TERI, Greenstat partner for deployment of hydrogen technologies With a goal to fast-track the deployment of hydrogen technologies in the country, policy research think-tank the Energy and Resources Institute (TERI) has announced that it has arrived into a research partnership with Greenstat Hydrogen India Pvt Ltd. Greenstat Hydrogen is a Norwegian energy company with a definite focus on green hydrogen, the solar, wind, and zero-emission maritime solutions. Additionally, the joint partnership agreement, in the form of an MoU, covers policy and research activities comprising a partnership on the establishment of a Norwegian Centre of Excellence on Hydrogen in India; and Knowledge-sharing to support the development of hydrogen technologies in India. This will also build upon TERI’s existing research on hydrogen in India, which most lately included a policy brief titled ‘Make Hydrogen in India’, with a more comprehensive report coming out in late 2020. Greenstat’s vision is ‘to make green happen’, and to accomplish this, the company along with its subsidiaries emphasizes different business areas that will contribute to achieving Image for representation only its vision.

mutually controlled JV for setting-up a compressor-manufacturing facility in India, relying on the technology of Cubogas, a Snam4Mobility company The firm has also signed an agreement with Greenko, one of the largest renewables companies in the country, to cooperate in supporting the development of the hydrogen value chain in India. Through the agreement, the two companies will be able to cooperate on the study of hydrogen production methods from renewables, on the design of hydrogen-ready infrastructure, and on potential final applications in both industry and transport, comprising fuel cell mobility.

Record low tariff for SECI’s solar PV tender in Rajasthan Adding another feather in its cap, State-owned Solar Energy Corporation of India (SECI) has announced that it has received a new record low tariff of `2/kWh in its tender auction for setting up of 1070 MW grid-connected solar photovoltaic (PV) power projects in Rajasthan (Tranche-III). The previous lowest tariff by SECI stood at `2.36/kWh, which was 15.3 percent higher than the new record tariff. Under this tariff-based competitive bidding, the two companies namely Saudi Arabia-based Aljomaih Energy and Water Co., and Singaporebased Sembcorp’s Green Infra Wind Energy Ltd had quoted the lowest tariff of `2/kWh for the capacity of 200 MW and 400 MW respectively. While State-owned NTPC had won 470 MW of capacity out of 600 MW of applied capacity at the rate of `2.01/kWh tariff. Remarkably, NTPC had previously announced not setting up new greenfield coal-fueled power projects and mulls to make an aggregate capital expenditure of `1 trillion between 2019 and 2024 to become a 130 GW power producer by 2032. The bid submission for SECI’s 1070 MW solar power projects tender for Rajasthan was closed on November 23, 2020, in which a total of 14 companies had applied for 4,350 MW of capacity and oversubscribed by 3,280 MW. The bidders included – Sprng Ujjvala Energy, SJVN Ltd, Talettutayi Solar Projects Nine, Vector Green Energy, Jakson Power 1, Tata Power Co, Juniper Green Energy, ABC Renewable Energy, Ayana Renewable Power Four, AMP Energy Green, and O2 Power SG. In July 2020, SECI issued RfS for the selection of renewable energy developers for setting up of solar PV projects on a BOO basis. Now, SECI will enter in a 25-year PPA with selected bidders. As per the RfS, the power procured from this project will be sold to Rajasthan Urja Image for representation only Vikas Nigam Limited (RUVNL).

| November-December 2020

Indian stationary ES market to grow at CAGR 8 percent by 2027 India Energy Storage Alliance’s 6th edition of ‘Stationary Energy Storage Market Overview Report’ for the India Market, forecasts the energy storage market to grow at CAGR 8 percent by 2027 - double its annual capacity additions. The report estimates the energy storage market in India to be $2.1 billion (as of 2019) and provides an analysis of the market potential and market size of Stationary Energy Storage market in applications such as renewable energy integration into the grid, transmission and distribution (T&D) deferral, ancillary services as well as behindthe-meter (BTM) applications for the period of 2020 to 2027. The report consists of threeprojections: base case, worst case, and best-case scenarios. In base case, the report assumes a businessas-usual (BAU) scenario where market would witness support from Ministry of New & Renewable Energy (MNRE) and other government institutions. The best case assumes more supportive policies, higher penetration rate of storage in grid scale projects, storage in providing ancillary services to grid, in distribution grid, and presently, unconventional BTM applications such as diesel optimization, rooftop, etc., to

pick up at a CAGR of 14 percent. The worst-case scenario assumes a low growth of 2 percent in the market owing to the impact of COVID-19 pandemic and other factors. Top Markets for 2020-27 The report estimates renewable integration into grid, diesel optimization, solar rooftop, and distribution utility scale storage to be the top-most growing markets for energy storage systems between 2020-27. It projects RE integration in the grid to grow at CAGR of 32 percent by 2027 owing to the focus on solar-wind hybrid tenders by Solar Energy Corporation of India (SECI) and other government agencies, ambitious targets set by the government of India (450 GW by 2030). It forecasts: diesel optimization yet another key sector to grow at CAGR of 59 percent in the short term till 2023, with a slower growth in longterm at 30 percent till 2030. For the rooftop solar market, the report notes that a dip in GST from 28 percent to 5 percent has boosted the market, with analyses showing that for solar resource-rich States like Maharashtra, Tamil Nadu, Karnataka, West Bengal, Assam, blended tariff rooftop solar with 50 percent storage

system could meet grid parity by end of 2023. The report highlights, distribution utility, as another top market for energy storage with top private Discoms such as BSES and TPDDL in Delhi already in different stages of Battery Energy Storage System (BESS) installations. The fact that strain on Discoms due to a higher penetration of solar rooftop, EV charging stations, and ever-increasing C&I loads can be supported by energy storage technologies is likely to become more apparent in the long term with the market size potentially increasing to about 6 GWh in 2027. The COVID 19 impact although will be visible on the rooftop solar, inverters, and diesel optimization markets, the markets are likely to recover after 2021, with all estimates for 2027 still holding good.

RVIEW REPORT - 2026

Source: CES

Key Battery Technologies In terms of battery technologies, the report estimates the contribution of lead-acid batteries to reduce over the forecasted period, with the share of flooded lead-acid battery going from 52 percent to 19 percent, and for valveregulated lead-acid batteries reducing from 44 percent to 31 percent. At the same time, the penetration of Li-ion batteries is projected to increase rapidly from 4 percent in 2019 to 45 percent in 2027, primarily due to the consistent drop in prices of Li-ion battery systems. The share of other battery technologies, although small, could also increase from less than 1 percent in 2019 to 5 percent in 2027.

(For more information on the Stationary Energy Storage Market Overview Report, visit - https://indiaesa.info/resources/ industry-reports/3106india-stationary-energy-storage-market-overview-report-2020-2027)

India Stationary Energy StorageNovember-December 2020 |

Electric Vehicles

NATIONAL NEWS

Delhi launches trial run of H-CNG buses

Delhi recently launched a trial run of 50 buses running on Hydrogenblended Natural Gas (H-CNG) – a fuel cleaner than CNG. The Union Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan, launched the muchawaited trial run of the H-CNG city

buses in the capital. The Union Minister inaugurated a compact reformer plant set up by Indian Oil at Rajghat Bus Depot-I of DTC. IndianOil's R&D Centre had developed a patented compact reforming process for H-CNG production directly from natural gas. The technology is known for its proven benefits in terms of cutting emissions, improving mileage and durability through extensive studies

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India plans to set up EV charging points across 69,000 petrol pumps As part of the drive towards e-mobility, the government now plans to set up more EV charging points across the country. Minister for Road, Transport and Highways Nitin Gadkari said that the Centre plans to set up at least one EV charging station at around 69,000 petrol pumps across the country, to promote the use of EVs. Gadkari was speaking at a virtual conference when he revealed the plan, saying it targets to speed up the acceptance of EVs in the country. The government has lately decided to ease GST on EVs to 5 percent, besides delinking the battery cost of twoand threewheelers from the overall cost of the vehicles. This step helps bring down the total cost by almost 30 percent. Image for representation only | November-December 2020

at a demonstration unit installed at its Faridabad campus. IndianOil, under the guidance of the Petroleum Ministry, has set up a semi-commercial plant of 4-tons per day capacity at Rajghat Bus Depot-I, along with dispensing infrastructure by Indraprastha Gas Ltd. (IGL), for conducting a study on the use of H-CNG fuel in 50 BS-IV compliant CNG buses. International Centre for Automotive Technologies (iCAT) will be the third-party accredited laboratory for performance testing of the buses, while the Environmental Pollution (Prevention and Control) Authority for Delhi and NCR (EPCA) has been designated as the monitoring agency. Post the trial period of six months, a detailed performance report will be compiled, which will include emission data and fuel economy of the trial buses run with CNG and H-CNG mixtures and will be submitted to the EPCA and the Supreme Court of India.

Ather Energy obtains $35 million in funding Hero MotoCorp-backed e-2W maker Ather Energy has announced that it has raised funds up to $35 million in a funding round led by Flipkart co-founder Sachin Bansal's outlay of $23 million. Besides Bansal, Hero MotoCorp has also capitalized $12 million as a part of the Series D round in the EV startup, according to an announcement. This round of investment will permit Ather to fast-track its expansion plans and speed up the deliveries of its electric scooter, Ather 450X, the Bengaluru-based startup said. Ather Energy was one of the initial start-up investments of Bansal, who chipped in as an angel investor with $0.5 million funds in the firm in 2014. With this round, Bansal's total outlay in the startup stands at $53 million, according to the Ather e-scooter. Source: Ather Energy announcement.

Okaya to deploy EV charging stations across India Okaya Power has won the World Bank-funded contract from Energy Efficiency Services Limited (EESL) for the supply, installation, and commissioning of 1,020 multistrand EV charging stations across India.

Okaya EV charging station. Source: Okaya Power

The multistrand EV charging stations that will be installed would be CCS, CHAdeMO, and Bharat specification protocol. “We are delighted to be awarded the world bank funded contract from the prestigious EESL,” said Anshul Gupta, Director, Okaya Power. “Okaya has been at the forefront of delivering solutions towards building a sustainable EV ecosystem in India. Our long-standing association with EESL is another step forward in the direction and we are proud to partner with them yet again on this journey,” he added. As one of the largest manufacturers of leadacid and lithium-ion batteries and a leading supplier of EV charging stations in India, Okaya has already deployed more than 500 EV charging stations in the past six months and 250 MWh battery energy storage system solution across the country. “All these efforts of Okaya are intended towards contributing its bit in making ‘Atmanirbhar Bharat’ mission a success,” the company stated in their official statement.

Mahindra Electric unveils e-cargo-3W Mahindra Electric has announced the unveiling of its new electric three-wheeler cargo model Treo Zor at the opening price of `2.73 lakh (ex-showroom Delhi). Built on the Treo platform, the new offering comes in three variants pick up, delivery van, and flatbed - and will be available at Mahindra small commercial vehicle dealerships in select cities across the country soon. “Our Treo platform validates our obligation to Aatmanirbhar Bharat through the latest technology and ‘Make in India’. The Treo Zor will deliver a clean, sustainable and affordable solution for last-mile delivery,” said Pawan Goenka, MD & CEO of Mahindra & Mahindra Ltd. The company claims that the new e-3W offers higher savings of over `60,000 a year, compared to the prevailing diesel cargo 3Ws, owing to its low maintenance cost, which stands at just 40 paise per km, the company said. Treo Zor comes with an 8kW advanced lithium-ion battery and a best-in-segment payload of 550 kg. Also, the new vehicle comes with a standard warranty of 3 years/80,000 km, the company said, adding the vehicle can be charged by plugging into a 15AMP socket. The wide service network of over 140 dealerships across India warrants opportune after-sales service as well. The other features comprise telematics unit and GPS, windscreen and wiping system, spare wheel provision, Mahindra Electric’s Treo. among others. Source: Mahindra Electric Mobility Pvt Ltd.

Bajaj Auto manufacturing plant for e-scooter Pune-based two-and three-wheelers manufacturer Bajaj Auto Ltd is strategizing to set up a dedicated production plant for Chetak, its electric scooter. The company is planning to ramp up production for Chetak and as a result is considering setting up a manufacturing unit with an annual capacity of half a million units. The e-scooter is presently produced at the company’s Chakan plant, a unit that characteristically operates at near-100 percent capacity utilization around the year. It also rolls out premium KTM and Husqvarna bikes for the domestic as well as export markets from the site. Delhi, Bangalore, and Hyderabad are among the key locations that are being assessed by the co-mpany to set up the proposed manufacturing unit. Source: Bajaj Auto Ltd.

November-December 2020 |

Reji Mathai takes charge as ARAI Director Dr. Reji Mathai has taken charge as the Director of the Automotive Research Institute of India (ARAI) from officiating Director, Neelkanth V. Marathe on December 2, ARAI said in a statement. B e f o r e j o i n i n g A R A I , D r. Mathai was working as the Chief General Manager at the Indian Oil Corporation Limited (IOCL). He has been associated with IOCL for 28 years and is known to have contributed immensely in the field of engine and vehicle testing, emission studies, alternative fuels, ambient air quality, BS-VI and beyond.

Dr. Mathai holds a BE in Mechanical Engineering from Govindram Seksaria Institute

Dr Reji Mathai (Left) and Neelkanth Marathe. Source: ARAI

o f Te c h n o l o g y a n d S c i e n c e (SGSITS) Indore, Madhya Pradesh; and M Tech from Indian Institute of Technology, Varanasi (BHU). He also holds a management degree in 3-TP from the Indian Institute of Management, Ahmedabad, and Ph.D. in Alternative Fuels from IIT Delhi. He is the recipient of the Petrofed Award for ‘Developing lubricant for marine engines’ in 2006-07 and has several publications at national and international forums and a few patents to his credit.

Tata Nexon EV exceeds 2000 sales milestone

Ashok Leyland rebrands Optare as Switch Mobility

Tata Motors has announced that its electric vehicle, Nexon EV, has exceeded the 2000 sales milestone. In over 10 months, since the unveiling, the sales of the Nexon EV stretched 2200 units as of November 2020, representing the rapid demand for the EVs in the personal car segment. After rolling out its 1000th Nexon EV in August this year, the car clocked in another 1000 sales units in a record time of three months (Sept-Nov 2020). At present, Tata Motors is leading the EV segment with a 74 percent market share. Appreciating the strong response from customers, Shailesh Chandra, President – Passenger Vehicle Business Unit, Tata Motors, said, “Offering thrilling performance, connected drive experience with zero emissions and at attractive pricing, the Nexon EV has found widespread acceptance among its customers. This growing demand is on the back of increased awareness, growing charging infrastructure, encouraging government incentives, breaking myths that surround EVs, and most importantly the undisputed benefits that it offers i.e., lower operating cost.” Mr Chandra believes that with continued support from the government in terms of incentives like benefits on registration and road tax, EVs will soon become the most desirable and a mainstream choice for the customers in India.

Ashok Leyland Ltd has announced that Optare Group Ltd (Optare), its majority-owned UK arm, has been rechristened as Switch Mobility Ltd (Switch) as part of its drive towards electrification and new mobility service. With the recommended new structure, Switch will be placed to become Ashok Leyland's global arm, concentrating on EVs and green mobility solutions. Introducing the new logo and name, Dheeraj Hinduja, Chairman - Ashok Leyland, said that Optare is adopting a new identity and logo as 'Switch', which signals the parent's strategic ambitions in electric and green mobility. Towards this, Ashok Leyland is examining various options to bring all its EV initiatives under Switch Mobility. This strategy echoes the clear growth prospects in the global LCV and e-bus market, which is anticipated to grow at a CAGR of more than 25 percent and to range $50 billion by 2030. "To capture part of that market, we are considering EV initiatives through Switch that could include financial participation and strategic tie-ups,” he added.

Image Courtesy: Tata Motors

Source: Optare Group | November-December 2020

IIT-Madras, Ashok Leyland & Hitachi ABB partner for e-mobility project IIT-Madras plans to operate e-bus services, with innovative charging technology, on the campus for students and staff. It has signed an MoU with Hitachi ABB Power Grids in India and Ashok Leyland for the pilot project. The e-bus will include Hitachi ABB’s innovative flashcharging technology Grid-eMotionTM Flash that will be delivered by Ashok Leyland. IIT-Madras will host the infrastructure to operate the flash charging system for the bus. Smart e-mobility is at an emerging stage in India. While the government is endeavouring to scale up EV adoption to 30 percent by 2030, the mass public transport segment is mostly untouched. "We need to have all hands on deck - industry, academia, and policymakers to develop a strong and reliable local ecosystem

to support the Indian EV revolution," said N Venu, MD of Hitachi ABB Power Grids in India.

Source: Ashok Leyland

BattRE launches RevOS powered RE:charge stations Electric vehicle startup BattRE has announced the launch of RE:charge stations – low-cost EV charging stations powered by RevOS. Available at a price of ₹3,000, the low-cost charging solution is meant for installation at homes, offices, or individual shops. RE:charge stations can also provide an additional source of income for shop owners who can offer charging services to EV owners in the area. The RE:charge station owners can receive the payment directly through UPI. “With the recommended guidelines of the Ministry of Housing and Urban Affairs, government of India, to permit the establishment of private charging stations at residences, workspaces, etc, we strongly believe our new offering RE:charge stations will help in speeding up the EV ecosystem in India,” said Nishchal Chaudhary. He added that a low-cost EV charger can pave the way for an increasing number of charging stations across the country.

The startup plans to add 500-plus EV charging stations in India by March 2021. “Together, we introduce to you a peer-topeer charging network to further eliminate the range anxiety associated with EVs. It’s compact, costeffective, and can be installed anywhere with ease. Just Locate, Scan, Pay, and Use,” explained Jyotiranjan Co-founder of Source: BattRE RevOS.

Balan Engineering to set up EV unit in Bagalkot The State government of Karnataka has given its affirmation for an EV manufacturing unit in Bagalkot district, the first-of-its-kind in North Karnataka. The unit will be set up in Achanur village in Bagalkot by Balan Engineering. The company has also agreed to set up solar power plants and chemical units, which will help other companies invest in EVs in the future. Balan Engineering has assured vehicles that can travel at a

maximum speed of 125 kmph on a full battery. The company will start with the manufacture of e-3Ws for the transportation of

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garbage for urban local bodies. This will be followed by e-3W cargo vehicles, passenger automobiles, and bikes. The manufacturing unit will be set up across more than 140 acres. The Bagalkot plant will be a fullyintegrated unit, and is expected to generate hundreds of jobs directly and indirectly. The construction of the unit will begin in January 2021, and production will optimistically commence in the latter half of the year.

November-December 2020 |

Electric Vehicles

NATIONAL NEWS

MG Motor-Tata Power superfast EV charging station launched

MG Motor India and Tata Power Corporation Limited have inaugurated the first superfast EV charging station in Nagpur. Further strengthening the EV ecosystem, the move is part of MG’s fresh partnership with Tata Power for positioning of 50 KW DC

superfast charging stations across the country. The public EV charging station is accessible to all vehicles attuned with CCS/ CHAdeMO fast-charging standards and is in line with MG’s commitment to providing a five-way charging ecosystem. The MG ZS EV can be charged up to 80 percent in 50 minutes at the facility. Other

Inauguration of MG Motors and Tata Power’s superfast EV charging Station in Nagpur, Maharashtra. Source: Tata Power Corporation Ltd.

charging options with the MG ZS, India’s first pure electric internet SUV – include - free-of-cost AC fastcharger installation at the customer’s home/office, extended charging network, a cable to charge anywhere, and charge-on-the-go with RSA (roadside assistance). MG Motor has a total of 10 superfast 50 kW charging stations across its dealerships in five cities in India: New Delhi-NCR, Mumbai, Ahmedabad, Bengaluru, and Hyderabad, with alike expansions to more cities. Tata Power, on the other hand, has established an elaborate EV charging ecosystem with 200+ charging points in 24 different cities under the EZ Charge brand along with a digital platform to enable an easy and smooth customer experience. The MG-Tata Power partnership will comprise core values and operating models that are in line with their prevailing customer-centric approach.

Kinetic Green unveils cargo e-3W Kinetic Green Energy and Power Solutions Ltd have unveiled its electric cargo three-wheeler, Kinetic Safar Jumbo, at `2.5 lakh. Safar Jumbo is specially designed to meet the needs of the e-commerce companies and their logistics partners, offering them a sustainable last-mile delivery solution

at a very low cost of 50 paise per km, which will bring down the delivery cost. Safar Jumbo has been designed ground up at Kinetic’s DSIRrecognized EV R&D lab. The company expects to deliver over 5,000 vehicles in the next six months. Progressively variants of

Kinetic Green’s Safar Jumbo. Source: Kinetic Green Energy and Power Solutions Ltd. | November-December 2020

the vehicle for different applications like gas cylinder distribution, waste collection, etc. would also be rolled out. Kinetic Safar Jumbo, which falls under the L5 category, has a gross vehicle weight (GVW) of over 1 ton. It has a specially developed cargo box with close to 150 sq. ft. cubic capacity and a payload of 500 kg. The vehicle offers a top speed of 55 kmph and gradeability of 10 degrees. Its running cost is 50 paise per km as against over `3 per km for the diesel engine-based cargo three-wheelers. Equipped with an advanced Li-ion battery pack, Safar Jumbo is designed to give a range of 120 km on a single charge. The vehicle will also be accessible on the swappable battery platform. The electric loader will be eligible for the FAME-II subsidy offered by the government and will come with a warranty of three years.

SIPCOT plans EV components manufacturing hub in TN In an endeavor to make Tamil Nadu an EV manufacturing hub, SIPCOT (Small Industries Promotion Corporation of Tamil Nadu) is strategizing to develop an industrial park at an investment of `250 crore, in Manallur and Soorapoondi villages of Tiruvallur district.

The park, spread across 691.587 acres, will provide synthetic and organic chemicals, which are used in manufacturing batteries and components of EVs. Environmental clearance has been acquired from the Ministry of Environment, Forest, and Climate Change (MoFECC) for

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the development of SIPCOT in the two villages. About 90 percent of the industrial park is marked for manufacturing EV components and the remaining 10 percent of the area for synthetic and chemical industries. The companies that have displayed immediate and long-term interest involve electric two-wheeler company Ampere, Okinawa, and swap-able battery and charging infrastructure company SUN Mobility. The official further that SIPCOT plans to set up the industrial park by June 2021. This comes close on the heels of the State government issuing a notification exempting EVs from payment of Motor Vehicles Tax from November 3, 2020, to December 31, 2022. This, a top industries department official said, will prompt more electronic car manufacturers and battery makers to set up shop in Tamil Nadu.

Delhi govt. subsidies for 100+ EV models The Delhi government has sanctioned more than 100 models of vehicles, comprising 45 brands of e-rickshaw, 14 of 2Ws, and 12 of 4Ws, for subsidy under the new electric vehicles policy, Transport Minister Kailash Gahlot said. "Vehicles priced up to `15 lakh will be entitled to the purchase incentive (subsidy), besides exemption

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of road tax and registration fee. Electric vehicles having a price of over `15 lakh will not get subsidy but will be eligible for road tax and registration fee exemptions," he further added. The minister unveiled a website consisting of details of sanctioned models, dealers, subsidy disbursal process as well as a network of

70 charging stations across the city. He also said that 36 manufacturers have been listed with a network of 98 dealers across the city. The complete process of subsidy payment will be online. Anyone obtaining an EV will need a sales invoice of the vehicle, Aadhaar number, and a canceled cheque to claim the subsidy. The dealer will process the subsidy claim at the customer’s end through the website. The claims will be certified by the motor licensing officers concerned and furthered to banks for subsidy payment. At each stage of processing of subsidy claim, from the dealer to the bank, the buyers will get updates through SMS. Under its EV policy, the Delhi government will give incentives of up to `30,000 for e-2W, e-rickshaws and goods carriers, while a subsidy of `1.5 lakh will be provided for the purchase of electric cars, officials held.

November-December 2020 |

Electric Vehicles

INTERNATIONAL NEWS

EESL invests in Thailand’s SWAG EV

The Energy Efficiency Services Limited (EESL) has announced an investment in SWAG EV, an emerging e-mobility player in Thailand, to drive the use of electric motorbikes and for improving power grid flexibility. The partnership is intended to

promote convergence – bringing together e-mobility, renewable energy, and carbon finance to catalyze energy transformation in Southeast Asia. “As the power sector across the world deals with more RE and e-mobility takes off, it is essential that we, as key stakeholders, join forces and enable a clean, green, and electric future for better public health and quality of life

Source: The Energy Efficiency Services Limited (EESL)

– for ourselves and our coming generation," said Saurabh Kumar, Executive Vice Chairperson, EESL Group Companies. According to SWAG EV, while this concept can be replicated in other parts of the world it will serve as the basis for implementation in India. “We are committed to catalyzing e-mobility in Southeast Asia, which has the highest use of two-wheelers per capita and a growing middleincome consumer segment," said Janson Chen, Executive Director, SWAG EV. "We are thrilled to have such a respected investor as EESL supporting our vision and excited to scale it further, together with our partners and investors.” E E S L’s i n i t i a l $ 5 m i l l i o n investment was conceptualized by SHIFT Asia, a carbon financeplatform to mobilize climate finance for e-mobility. In addition to its investment, SHIFT will co-fund the e-bike charging infrastructure in designated service areas to make battery swapping and charging simple and convenient.

BYD and Hino Motors to develop BEVs

Finnfund to invest in Fortum

Chinese automotive company BYD Auto Industry and Japanese truck-maker Hino Motors have signed an agreement to set up a company for commercial battery electric vehicles (BEVs) development. BYD and Hino will be making 50 percent capital investment in the latest venture with the objective to combine the strengths of both companies to develop BEVs and electric units and implement the ideal products for customer needs, primarily in the Asian market. Both companies will work together to develop and spread the best-fit commercial BEVs for customers to achieve low-carbon societies. The venture is scheduled to be established within China in 2021 and will initially launch vehicles under the Hino brand. The details of the vehicle size and where they would be sold are yet to be announced by the two companies. Source: BYD

Finnish clean energy firm Fortum has announced that development financier Finnfund will invest in a marginal share of Fortum's public charging point operator (CPO), Fortum Charge and Drive India Private Ltd (FCDIPL). FCDIPL is a fast-growing e-mobility infrastructure provider, owning more than 70 public charging points at close to 40 locations in India, and partnerships with marquee business groups across the country. The partnership will generate a shared ownership structure and Finnfund's investment will fast-track FCDIPL's growth plans in the charging infrastructure business and reiterate its market-leading position. FCDIPL will further endure offering software as a service (SaaS) for operating EV charging infrastructure networks and customer interfaces to other Fortum Charging Station CPOs. Source: Finnfund

| November-December 2020

Renewable Energy

BP, Orsted to develop hydrogen project in Germany

British oil and gas major, BP and Danish energy company, Orsted, have agreed to jointly develop a 50 MW renewable hydrogen project in North West Germany. The project, which is expected to be operational in 2024 will

comprise a 50 MW electrolyzer system capable of generating one ton of renewable hydrogen power per hour, that is, 9,000 tons a year. The project is intended to support a longer-term ambition to build more than 500MW of renewable hydrogen capacity at Lingen. According to the two companies, this could provide renewable hydrogen to both,

BP's Lingen refinery aerial view. Source: BP

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meet all the refinery’s hydrogen demand and provide feedstock for future synthetic fuel production. The electrolyzer is expected to be powered by an Orsted North Sea offshore wind farm. For funding, Orsted and BP have jointly applied for funding for the project named ‘Lingen Green Hydrogen’ to the EU Innovation Fund. The EU Innovation Fund is currently one of the largest funding programs for innovative low-carbon technologies focusing particularly among others on energy-intensive industries. In addition to the production of green hydrogen, the project is also focusing on maximizing the efficiency of the electrolyzer system and allowing flexible operation and complete integration into the refinery, therefore, the scope of the engineering and commercial studies will also include assessments for sustainable uses of the main by-products of electrolysis, primarily oxygen and low-grade excess heat.

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November-December 2020 |

INTERNATIONAL NEWS

Neoen to provide grid services to AEMO Neoen, one of the world’s fastest-growing producers of renewable energy, has announced that it has been presented a 250 MW grid services contract by the Australian Energy Market Operator (AEMO). The services will

Energy Storage

be delivered by Neoen’s forthcoming 300 MW, set to become one of the largest batteries in the world. It will be delivered in collaboration with Tesla, using its Megapack technology, and network partner AusNet Services. This System Integrity Protection Scheme (SIPS) contract with AEMO will run until 2032 and will unlock up to an additional 250 MW of peak

The Australian Energy Market Operator awarded a 250 MW grid services contract to Neoen's 300 MW Victorian Big Battery. Source: AEMO

capacity on the prevailing Victoria to New South Wales Interconnector (VNI) over the next decade. Under the contract, the battery will provide an automatic response in the event of an unexpected network outage, providing AEMO with additional means of ensuring grid stability. The battery will also partake in the National Electricity Market and support increased penetration of renewables in Victoria through network services such as fast frequency control. The Victorian Big Battery will help to modernize and stabilize the grid in Victoria and will be instrumental in helping the State reach its objective of 50 percent renewables by 2030. Independent analysis shows that Neoen’s Hornsdale Power Reserve has delivered more than AUD150 million in savings in its first two years of operation. The battery is projected to be operational by the end of 2021.

AES Gener to build largest BESS in Latin America AES Gener recently completed the virtual groundbreaking of a 112MW battery with 5-hour storage capacity -- the largest battery storage system in Latin America. The event marked the start of the construction of two new projects, Andes Solar II-B and Campo Lindo at AES Gener’s Smart Center where the company remotely operates all

its plants in Chile. Chile’s Minister of Energy, Juan Carlos Jobet, attended the event accompanied by AES Gener’s CEO, Ricardo Falú, and Chairman of the Board, Julián Nebreda. As per the company, the two new projects, in addition to the 709 MW currently under construction, will generate a total of about 6,000 direct jobs. Andes Solar II B is in the Antofagasta Region in Chile and will have a capacity of 180 MW and will be the largest lithium battery energy storage system (BESS) in Latin America. Chile’s Minister of Energy, Juan Carlos Jobet, attended the 10 MW of the virtual ground-breaking of Andes Solar II-B and Campo Lindo 180 MW solar projects at AES Gener’s Smart Center, accompanied will come from by AES Gener’s CEO, Ricardo Falú, and Chairman of the Board, Julián Nebreda. Source: AES Gener. Maverick’s | November-December 2020

revolutionary technology and the remaining 170 MW will be bifacial panels, used at the Andes II A expansion. The 112 MW BESS uses Fluence’s 6th generation solution, which allows energy to be stored for 5-hours which will inject the energy generated by solar power well after sunset, making AES Gener’s energy supply more competitive and resilient. The 73 MW Campo Lindo wind farm is located near Los Ángeles, in the Biobío Region. The project is the first of several wind farms forming a 480 MW cluster. According to the company, the cluster nature generates economies of scale during construction and operations and will contribute to making Chile’s electricity system more sustainable. AES Gener plans to add more than 2,300MW of renewable capacity and batteries to its portfolio by 2024, which it hopes will continue to contribute towards the development of Chile.

Azelio, JET ENERGY sign MoU for energy storage Sweden-headquartered renewable energy firm Azelio has signed a memorandum of understanding (MoU) with Morocco-based JET ENERGY – an EPC contractor specialized in construction, operation, and maintenance of photovoltaic power plants – to discover energy storage projects with Azelio’s TES.POD in Francophone Africa. The cooperation targets roughly 45MW capacity of the TES.POD until 2025, with JET ENERGY as project developer. In addition to this MoU, the

Azelio storage facility layout. Source: Azelio

parties expect an extended project pipeline once the first projects are commenced. After collaborating for the installation of Azelio’s verification project in Morocco, JET ENERGY and Azelio will team up to develop renewable energy projects in Morocco and in Francophone Africa. The partnership looks to evaluate projects utilizing Azelio’s storage together with prevailing and new solar PV installations, to costefficiently provide electricity around the clock. The first project aims 50 kWe in 2021, trailed by installations of larger-scale projects with an expected total of 5 MWe in 2022, 10 MWe in 2023, 15 MWe in 2024, and 15 MWe in 2025. JET ENERGY pursues to expand, its business offerings and institute itself as one of Azelio’s technology providers in the region.

UL launches BESS fire safety database Underwriters Laboratories Inc, a leading safety science company, in October announced the launch of a free online database the recognizes manufacturers who have completed testing under the ANSI/CAN/UL 9540A Standard for test method for evaluating thermal runaway fire propagation in battery energy storage systems (BESS). The database allows manufacturers that have had their cell, module, unit or installation evaluated for thermal runaway fire propagation by UL to share the data in three ways: the model number with contact information to obtain more test details, the UL 9540A report summary or the full test report. As a test method, UL 9540A testing does not provide a certification, UL Mark, or pass/fail results. The information from UL 9540A testing supports important safety decisions about how the BESS will be installed and used. The best way for manufacturers to share that their energy storage battery products have been tested for thermal runaway is to list them in the UL 9540A test database. The main takeaway of the UL’s online database is that it allows engineers, utilities, developers, code authorities, insurers, and other professionals to verify that a manufacturer’s product addresses the key issues identified by building and fire

codes such as BESS installation, ventilation requirements, fire protection and fire service strategy and tactics. According to UL, the UL 9540A Test Method is referenced within UL 9540, the American and Canadian National Standard for Safety for Energy Storage Systems and Equipment, the International Code Council (ICC) International Fire Code (IFC), National Fire Protection Association NFPA 855, Standard for the Installation of Stationary Energy Storage Systems, as well as a wide variety of local, State and international building and fire codes.

Image for representation only. Source: UL November-December 2020 |

INTERNATIONAL NEWS

Energy Storage

SVOLT to build 24 GWh battery cell factory in Germany

China’s battery maker Svolt Energy Technology (SVOLT) has announced its decision to invest €2 billion to build a 24 GWh battery cell factory in Germany, the company’s first factory in Europe. SVOLT, which makes Li-ion batteries and battery systems for EVs and energy storage systems recently

Svolt’s battery cell factory layout near Saarland town Überherrn. Source: Svolt.

confirmed that a module and pack factory in addition to a state-of-the-art cell factory with 24 GWh production capacity will be built at two separate locations in Germany, where SVOLT will be developing battery cells and modules and high-voltage storage systems (packs). The battery cell production is planned to start at the end of 2023 and will be established near the Saarland town of Überherrn. In its final expansion stage, it will achieve a production capacity of 24 GWh, which corresponds to batteries for 300,000 to 500,000 electric cars per year. The module and pack factory will be implemented on an already industrialized site at Heusweiler, which will be retrofitted for module and pack production. The production is expected to start as early as mid-2022. The spin-off from Chinese car manufacturer Great Wall Motors, SVOLT plans to establish a 100 GWh production capacity worldwide by 2025 with a total investment of €8 billion.

Renault eWays announces energy storage projects French carmaker Renault has announced two major projects in Europe using second-life battery technologies at Renault eWays – an event dedicated to zero-carbon mobility. The Advanced Battery Storage project in Douai, France, and the SmartHubs project with Connected Energy in West Sussex in the UK, both are aimed at creating concrete solutions for energy management through stationary energy storage. The Advanced Battery Storage project in France: The Georges Besse factory in Douai is home to the first Advanced Battery Storage installation, delivered by NIDEC ASI, an integrator partner and storage solution provider. The new project is part of Groupe Renault's strategy to develop an intelligent electrical ecosystem in favor of the energy transition. According to the company, the Douai site has a total installed capacity of 4.7 MWh using secondlife batteries, as well as new batteries stored for future after-sales use.

The SmartHubs project with Connected Energy in the UK: In this project, the second-life batteries from Renault vehicles will be operated alongside other technologies as part of a local energy system to help provide cleaner, low-cost energy for use in social housing, transport, infrastructure, private homes, and local businesses. The second-life batteries will be incorporated into Connected Energy’s specially designed E-STOR systems. The SmartHubs project will install several 360kWh E-STOR systems

on industrial and commercial sites, with some linked to solar panels and EV chargers to help sites reduce energy costs and optimize the use of renewable energy. A large E-STOR system using around 1000 secondlife batteries to store 14.5 MWh of energy will also be installed, this will rapidly charge and discharge to help balance the electricity network. It will store enough energy to power 1,695 average homes for a full day. The SmartHubs project is one of four UK government-initiated projects designed to help design the energy systems of the future.

Renault Group’s advanced energy storage systems. Source: Group Renault.

| November-December 2020

Sunseap consortium for Singapore’s utility-scale ESS Sunseap Group, a Singaporebased leading clean energy solutions provider has announced it will be leading a consortium for Singapore’s first utility-scale energy storage system comprising Nanyang Technological University (NTU) and global energy and marine markets

solutions-provider, Wärtsilä. All three entities will participate in a test-bed for a utility-scale ESS. “The consortium will deploy a 2.4 MW/ 2.4 MWh of battery energy storage at the substation using a lithium-ion battery system that was designed and supplied by Wärtsilä,”

Singapore's first Utility-Scale Test-bed (Energy Market Authority). Source: Sunseap Group

Sunseap Group said in an official statement. The test-bed is a collaboration between the Energy Market Authority and SP Group with the objective to develop and support utility-scale battery storage. Sunseap will serve as the principal investigator and will be responsible for the management, installation, and operation of the ESS. NTU as the co-investigator and research partner will carry out data collection and analysis using machine learning to build models to predict battery safety and health. ESS plays an important role in providing ancillary services such as regulation and reserve and is integral to manage the intermittency of solar energy and to reduce peak demand. The new test-bed will one of the first to examine ESS performance under hot and humid climatic conditions for deploying ESS in Singapore as well as safety and space issues associated with the city’s urban environment.

Image: For Representation Only

WE CAN STOP CORONA HELP PREVENT THE SPREAD OF RESPIRATORY DISEASES LIKE COVID-19 November-December 2020 |

ENERGY STORAGE

ACC Battery: Setting stage for the biggest economic opportunity yet The Union Cabinet in November approved production-linked incentives in ‘10 key sectors’ including advanced chemistry cell (ACC) battery. With the implementation finally gathering pace, now is the time for the government to kickstart measures that will help mobilize initial investment in this segment.

he outbreak of COVID-19 has impacted nations in an enormous way. The energy materials and renewable generation and conversion market, which includes battery-powered EVs, grid storage, and personal electronic devices, has been no exception. In a short span, the pandemic caused massive interruptions in manufacturing capabilities, which has made companies realize the importance of having a more diverse supply chain and governments realize the significance of indigenous manufacturing, considering the risk of global supply chain disruptions.

When the whole industry stressed on the need for a stable, clear policy regime to boost domestic manufacturing, to tap opportunities raised during this period, the Union Cabinet in November approved production linked incentive (PLI) in 10 key sectors including ACC battery, under the Atmanirbhar Bharat vision. ACC battery has been approved a financial outlay of `18,100 crore. Automobiles and auto components have been approved `57,042 crore.

Source: IESA | November-December 2020

The PLI scheme across these specific sectors is aimed at making Indian manufacturers globally competitive, attracting investment in the areas of core competency, and developing cutting-edge technology. Additionally, the scheme is expected to ensure efficiencies, create economies of scale, enhance exports, and make India an integral part of the global supply chain.

Production-Linked Incentive

The PLI scheme announced recently by the government under the Atmanirbhar Bharat Abhiyan is an important initiative towards achieving the ambitious goal of a $5-trillion economy. At a recent event, Prime Minister Narendra Modi said, "We [India] are showing to the world that sound environmental policies can be sound economic policies." In line with PM’s vision, India has witnessed phenomenal progress in the last few years towards shaping of policy framework for advanced technologies, especially like storage, EV, etc. Starting from March 2020, the Government of India (GoI) has announced a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units to reduce India's dependence on China.

help in improving its capabilities to innovate further. Promotion of the manufacturing sector and creation of a conducive manufacturing ecosystem will not only enable integration with global supply chains but also establish backward linkages with the MSME sector in the country. It will lead to overall growth in the economy and create huge employment opportunities. The PLI scheme was first announced in March 2020, starting with bulk drugs and for medical devices. Apart from pharma, the scheme was notified for large-scale electronics manufacturing on April 1, 2020, extending an incentive of 4 - 6 percent on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20). In August 2020, the scheme was extended to cover mobile phones and electronic components manufacturing. Therefore, before the 10 additional key sectors announcement was made in November, total financial outlay of `51,311 crore was allotted by GoI towards this scheme.

Advance chemistry cell (ACC) battery

Sectors under the PLI scheme

The Prime Minister's clarion call for self-reliance envisages policies for the promotion of an efficient, equitable and resilient manufacturing sector in the country. Growth in production and exports of industrial goods will greatly expose the Indian industry to foreign competition and ideas, which will

In November this year, Union Cabinet approved the PLI scheme for 10 key sectors including advance chemistry cell battery, electronics, automobile and auto components, pharmaceuticals, telecom and networking products, textiles, food products, solar modules, white goods and specialty steel. These sectors have received a total financial outlay of `1,45,980 crore over a period of five years.

Scheme implementation

NITI Aayog and Department of Heavy Industries (DHI) will be the implementing agencies for this scheme. ACC battery manufacturing represents one of the largest economic opportunities of the twentyfirst century for several global growth sectors, such as consumer electronics, EVs, and renewable energy. The scheme will incentivize large domestic and international

players in establishing a competitive ACC battery set-up in the country. The PLI scheme will be implemented by the concerned ministries/ departments and will be within the overall financial limits prescribed. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet. Savings, if any, from one PLI scheme of an approved sector can be utilized to fund that of another approved sector by the Empowered Group of Secretary. Subsequent to the Cabinet decision, NITI Aayog invited suggestions on Model Bid Documents on National Programme on Advance Chemistry Cell (ACC) Battery Storage to support 50 GWh capacity to extend incentives and invite domestic and global companies through a transparent competitive bidding mechanism to set-up mega-manufacturing plants in India. This document proposes program document between GoI and beneficiary firm/manufacturer and tripartite agreement between Centre, State and beneficiary firm/ manufacturer to facilitate clearances/land availability to the developer from State. As per the understanding, this bid document is not limited to disbursement of total subsidy sanctioned of the State; this can be amended as per the requirement and demand growth, which makes PLI scheme exceptional and encouraging towards ACC battery manufacturing. to extend incentives and invite domestic and global companies through a transparent competitive bidding mechanism to set-up megamanufacturing plants. This umbrella-level initiative proposes various fiscal incentives through a single-window mechanism, to make domestic ACC manufacturing industry, globally competitive. In addition, the program also proposes a composite framework for imposition of suitable basic custom duty with the intent to promote phased manufacturing of ACCs and its components in India and makes recommendations for promoting the overall market demand for ACCs in India.

November-December 2020 |

28 Priority

Sectors

Approved financial outlay over a five-year period `crore

Implementing Ministry/Department NITI Aayog and Department of Heavy Industries Ministry of Electronics and Information Technology

Advance Chemistry Cell (ACC) Battery

Electronic/Technology Products

Automobiles & Auto Components

Department of Heavy Industries

57,042

Pharmaceuticals drugs

Department of Pharmaceuticals

15,000

Telecom & Networking Products

Department of Telecom

12,195

Textile Products: MMF segment and technical textiles

Ministry of Textiles

10,683

Food Products

Ministry of Food Processing Industries

10,900

High Efficiency Solar PV Modules

Ministry of New and Renewable Energy

4,500

White Goods (ACs & LED)

Department for Promotion of Industry and Internal Trade

6,238

10.

Speciality Steel

Ministry of Steel

6,322

Total

18,100 5,000

1,45,980

Source: IESA

Global outlook and industry readiness

Prime Minister Modi announced the creation of the National Energy Storage Mission at the inaugural meeting of International Solar Alliance in October 2018, and subsequently, the ‘National Mission for Transformative Mobility & Battery Storage’ was announced in March 2019. Since then, the industry is eagerly waiting for a kick-start of various demand-side initiatives that have been considered in the mission. FAME-II scheme initiated by the DHI has also put forward the importance of indigenous value capture and key requirement for investors/developers to set up large (GW) scale manufacturing units.

Globally, manufacturers are capitalizing on these new generation technologies on a commercial scale to cater to the projected boom in battery demand through 2030. Many countries including the US, Korea as well as countries in the European Union have also focused their vision on capturing market for advanced energy storage and EV technologies. These countries have already started implementing policies that have led to commitments from various companies to set up over 100 GWh of annual production capacity in the past one year, which would come online in the next 2-3 years. With the government’s robust policy plans and encouraging schemes to boost the overall

economic growth and promote ‘Make in India’, many potential investors globally are showing interest in investing in India. Apart from the Centre, multiple State governments in India are ready to jump on the bandwagon and are offering capital subsidies to match those of the Central government. Additionally, they are willing to deliver the infrastructural need for such gigafactories.

Bindu Polumahanti Manager Regulatory & PolicyIESA

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EXCELLENCE AWARDS REPORT

Leading Excellence: Aligned with self-reliance The IESA Industry Excellence Awards

he IESA Industry Excellence Awards were initiated by the India Energy Storage Alliance in 2017 to acknowledge the innovativeness and achievements of organisations in energy storage, EV and the microgrid industry. This year, specifically, IESA lauds the resilient efforts of the industry and its perseverance in the wake of a slowdown and the midst of a pandemic. IESA’s endeavor has always been to encourage and champion the work of organizations, projects and people who not only help in promoting green energy solutions, but also create value for the end consumer. The excellence awards recognise and reward remarkable achievements in the field of energy storage, e-mobility and microgrid solutions. The awardees are selected by the competitive scoring and evaluation framework developed by the jury panel and senior advisors to IESA, who comprise global Industry veterans and policymakers. The awards are presented at IESA’s annual conference and Expo event held every year to showcase developments in the Energy Storage space. Over the years, different categories of awards have been added based on industry feedback and suggestions. With the development of new policies in this space, IESA added new categories to recognise the effort of both the State and Central government bodies and departments, and key policy makers and regulators. This year IESA has also introduced categories to honor the efforts of women leaders in both energy storage and e-mobility sphere.

| November-December 2020

The awards are given under different categories like:

Technology Innovation of the year ■ ESS Project of the year ■ Microgrid Project of the year ■ Microgrid Company of the year ■ EV Emerging Company of the year ■ EV Company of the year (e-2W segment) ■ EV Company of the year (e-3W segment) ■ EV Charging Infrastructure Project of the year ■ EV Charging Infrastructure Company of the year ■ EV Charging Infrastructure Emerging Company of the year ■ EV Charging Infrastructure Service Provider of the year ■ Energy Storage and EV Policy Leadership Award for States ■ Woman Leader of the Year (ESS & EV) ■ Emerging Leader of the year ■ Policy Pioneer of the year ■ Lifetime Achievement Award ■ IESA Earth Day Hero Award ■

THE IESA AWARDS 2020 The fourth IESA Industry Excellence Awards this year were held on November 3, as a part of the virtual India Energy Storage Week (IESW) conference and exhibition. More than 50 applications across 15 categories were received for this year’s Excellence Awards. The nominations were scrutinised by the selection committee that was chaired by Pankaj Batra (Former Chairperson, CEA) and included Jitendra Kulkarni (VP, Innovation, SB Energy) and Dr. Rahul Walawalkar (President, IESA). The ‘Policy Pioneer Award’ and ‘Woman Leader of the year’ were two new categories introduced this year.

Following are details of the categories and the winners

AWARD - Technology Innovation of the Year

This award recognizes organizations that have displayed excellence in innovation in their product or solution. Focus is given to the stage of technology and the unique quotient the product brings to the market, addressing key challenges. Special recognition is given to products whose R&D has been conducted in India. This year two winners were announced in this category.

WINNER-I - Epsilon Advanced Materials Epsilon won this award for their technology to convert a by-product of coke oven operation to synthetic graphite to be used in anode of Li-ion batteries. The product demonstrates higher capacity and lifecycle than its competitors. The facility to manufacture the product has been recently commissioned by the company in Bangalore. The technology is in the process of patent approval and has been totally devised in India. This innovation is of critical importance as India is poised to launch 50GWh advanced chemistry cell manufacturing in India. The Epsilon team is already working with international companies to pre-qualify their synthetic graphite for use in the latest generation of Li-ion batteries.

WINNER-II - Delta Electronics Delta won this award for their ‘Microgrid Plant Controller’ that addresses technical challenges of the microgrid operation and its deployment, and at the same time ensures RE resource is operating at peak performance, while reducing the cost and environmental impact associated with the production of energy. The controller is a single hardware and software platform pre-engineered to meet the need of a wide spectrum. The system is fully commercialized, and the R&D was carried out by the Delta team in India. November-December 2020 |

AWARD - ESS Project of the year This award recognizes a company for executing the best energy storage project of the year. While selecting the winner, special focus was given to projects that were executed and commissioned in India, and also managed development and R&D initiatives in India, addressing and overcoming several challenges.

WINNER - AES AES received this award for their Grid Connected Utility Scale Storage Project in Delhi. AES and Mitsubishi Corporation signed a partnership agreement to deliver India’s first grid-scale Battery Energy Storage System project in 2018. The 10MW one-hour system was inaugurated in February 2019 at a Tata Power Delhi Distribution Ltd’s Rohini Sub-Station in Delhi. This project has been built to demonstrate the benefits Battery Energy Storage can bring to the Indian electricity grid. The project is the first of its kind commissioned in India. AES led the design, development, construction and operations of this project with majority of the work being conducted by their India team. Since commissioning, the project has successfully demonstrated various applications - like providing ancillary services, ramping support and peak shifting - highlighting the potential of energy storage for helping distribution companies to improve power quality and reliability.

AWARD - Microgrid Project of the year This award recognizes the immense contribution made by energy storage developers, manufacturers and power electronics companies in the microgrid market. It specifically considers key projects undertaken in India, and their impact on the society and overall local or national economy.

WINNER - Larsen & Toubro Larsen & Toubro Ltd received this award for the 22MWp microgrid project in Port Blair, Andaman. The project highlights unique microgrid solutions with solar and energy storage, helping remote island communities to reduce reliance on diesel generation. It is also India’s first large scale microgrid with 20 MW Solar PV and 8 MWh of Battery Energy Storage Project. The L&T team had to deal with challenges for delivering the solution to the remote island and also manage the special environmental constraints as well as terrain, given the pristine nature of Andaman Islands. Containerized battery energy solution and in-house developed energy management system are some of the key highlights of the project. L&T is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. | November-December 2020

AWARD - Microgrid Company of the year This award recognizes the company that is involved in supplying the last mile or remote areas of the country with clean and reliable electricity. It also highlights the role of the microgrid company that gives best customer satisfaction with good performance and maintenance of microgrids.

WINNER - Husk Power System Husk Power is one of the world's leading offgrid utilities. They provide reliable power to rural communities and businesses, entirely from renewable energy sources – 24 x 7. More than 30MW of generation asset and uptime of 99 percent, makes it one of the best off grid utilities not only in India but across the globe. With more than 90 minigrids on ground, and having served more than 15,000 rural communities, Husk Power System is currently the leading minigrids player, bringing socio-economic development of the deprived communities in India. The company designs, builds, owns and operates the lowest cost hybrid power plant and distribution network, offering a flexible 'pay-as-you-go' energy service, using a mobile-enabled smart metering system. It’s grid-compatible 100 percent ‘theft proof’ power generation and transmission lines meet global standards and can be rolled out rapidly and cost effectively to help meet national electrification goals.

AWARD - EV Emerging Company of the year This award recognizes EV manufacturers, equipment manufacturers or service/solutions providers for outstanding performance during the past year. Jury decisions are made based on revenue, growth rate over the last two years, major achievements in terms of projects or products released, innovative business models, and the company’s best practices.

WINNER - Bounce (Wicked Ride Adventure Services) Bounce has achieved a revenue of `100 crore in 2019. They have deployed 1500+ vehicles on their platform and completed 2 million km. The company is actively promoting battery swapping service and has installed over 100+ swap stations in two cities. They are spread across five States in India and have been demonstrating many innovative approaches for better market reach. This includes services like swap stations, keyless technology, lock smart, availability of vehicle in less than three minutes, and no issue of parking (users can park the vehicle at designated parking.

November-December 2020 |

AWARD - EV Company of the year (e-2W segment) The award is to recognize companies with the best e-2W deployed in the Indian market. Attention is given to revenue earned in the last year, and financial growth over last two years. Major product launches and geographic presence, innovative approach and industry best practices followed, are also considered.

WINNER - Hero Electric Hero Electric was started in 2007, and today the company is the market leader with a share of 40+ percent in the e-2W segment. In the last financial year, it recorded a revenue of `238 crore. The key product differentiators are lower price point, higher battery life and efficiency. The company has a presence in all the categories of e-2Ws, starting from low-speed models to high-speed vehicles, across the country. Hero Electric’s endeavor of making the country greener and to be the best in ‘Zero Pollution’ transportation in the country through its wide range of Electric Vehicles is supported by its Mission ‘No Emission’.

AWARD - EV Company of the year (e-3W segment) The award is to recognize the company with the best e-3W deployed in the Indian market. The electric 3W market is very fragmented in India currently, and is dominated by passenger carrier segment, followed by the load carrier segment. Over 300 companies assemble e-3Ws for the unorganized sector in India primarily with lead-acid batteries.

WINNER - Kinetic Green The company is a venture from the Kinetic and Firodia Group. It offers a wide range of batteryoperated vehicles such as E-Autos, E-Carts and Buggies, with intrinsic features like zero carbon emission, no noise, no vibration, and intelligent ergonomics that make them ideal solutions for smart cities. Kinetic Green is a front runner in indigenization of manufacturing and has achieved complete localization, except for battery cells. The company pays strict adherence to the QC and QA processes. It offers innovative models to make it attractive for the customers. The company is the market leader in the organized e-3W segment and has expanded its global presence as well. | November-December 2020

AWARD - EV Charging Infrastructure Project of the Year This award recognizes the immense contribution made by charging service providers to the EV industry. It also specifically recognizes key projects undertaken in India and their impact on the market.

WINNER - Fortum Charge & Drive Pvt Ltd Fortum has been creating a network of charging stations to enable the growth of the EV ecosystem in the country. The major achievement of the company is in establishing scalable models through partnerships with EV OEMs and other stakeholders. Fortum built a 50KW charging station in Gurgaon, which was first-of-its-kind when launched and unheard of in India then. In this project, the Fortum team overcame challenges of power conditioning, tripping issues, and executing the project in a very short time frame. Through innovation, they it resolved tripping issues indigenously, increased reliability, implemented quick turnaround time, and offered convenience to customers.

AWARD - EV Charging Infrastructure Company of the year Realizing the fact that EV charging is critical for the growth of the EV adoption, IESA committee decided to recognise the work of companies in the business of setting up charging stations. This award distinguishes the company that has showcased exemplary performance in the EV charging infrastructure market in India during the past year.

WINNER - Exicom Tele Systems

on charging infrastructure and user interface apps.

Exicom has won this award this year for holding the highest market share in terms of revenue. The company has also installed the highest number of chargers across the country. The key differentiators of the services have been the BMS, batteries analytics, and complete solution availability. Exicom has been present in power electronics and energy systems market for over two decades and now enjoys a leading position in EV ecosystem solutions as well. The company has a large customer base and also leads in technology innovation. It has filed two patents November-December 2020 |

AWARD - EV Charging Infrastructure Emerging Company of the year This award is presented to the company that has shown remarkable performance in terms of revenue growth and best practices, and has grown from a significant position to one of the top tier companies.

WINNER - Okaya Power Okaya is one of the leading manufacturers and suppliers of EV charging stations, lithium-ion batteries, and lead-acid batteries in India. It has deployed more than 500 chargers and 250 MWh of battery energy storage systems (BESS) solutions across the country. Its strategic initiatives for its success include building a diversified product basket across augmented areas of charging and battery manufacturing. Its best practices are in the effective implementation of corrective and preventive actions in product design, quality, and in-depth analysis of failure modes. The energy storage company has AC/DC charging stations and off-board charger solutions in its e-mobility product range. It is one of the largest suppliers of EV charging stations in India.

AWARD - EV Charging Infrastructure Service Provider of the year This award felicitates the company that has exhibited exemplary performance and leads the EV charging service market as a charging network operator.

WINNER - Energy Efficiency Services Ltd. (EESL) EESL is a Super Energy Service Company (ESCO), which enables consumers, industries and governments to effectively manage their energy needs through energy efficient technologies. In 2018, EESL launched a national e-mobility program to promote the EV ecosystem in India. Its energy efficiency solutions have saved the country over 47 billion kWh energy annually, while reducing 36.5 million tons of carbon emission. Key differentiating factors of the company include rigorous location assessment, payments integration, customer support, maintenance, building a large charging plaza, and incorporating innovative business models to offer the lowest rates. Company has partnerships with fleet operators, EV-OEMs, hospitals, municipalities, and even oil marketing companies. | November-December 2020

AWARD - Energy Storage and EV Policy Leadership Award for States Apart from the initiatives being taken by the Central government, we have many States driving the adoption and manufacturing initiatives for storage and EV sectors. Over the past three years, more than 10 states have come up with energy storage and EV policies for accelerating EV adoption as well as inviting industries to set up manufacturing investments. The selection committee has decided to recognize these efforts with an award, for the State that has developed best policies to drive the demand creation.

WINNER - Delhi Energy Storage and EV Policy Leadership Award for States

DELHI

The Delhi Electric Vehicle Policy, 2020, aims to establish Delhi as the EV capital of India and accelerate the pace of EV adoption across vehicle segments, especially in the mass category of 2W, public/shared transport vehicles and goods carriers. The policy seeks to drive rapid adoption of Battery Electric Vehicles (BEVs) so that they contribute to 25 percent of all new vehicle registrations by 2024 and bring about a material improvement in Delhi's environment by bringing down emissions from the transport sector.

AWARD - Emerging Leader of the Year This prestigious award is for individuals who have showcased exemplary performance in the company as well as in the industry, have played a notable role in the grooming of future industry leaders, been a part of innovation in technical and business processes, as well as made an impact in regional, national and global markets.

WINNER - Anant Nahata, MD of Exicom Tele-Systems Mr Nahata has played a pivotal role in building Exicom into a top technology solution provider in DC power, e-mobility and storage segments. His decision to use power electronics experience in e-mobility has been a game changer, and under his leadership, Exicom has already deployed 1600+ EV chargers in the India market. He has a bachelor's degree from the University of Pennsylvania, and worked as an investment banker with Credit Suisse for a couple of years before returning to India to join the family business. November-December 2020 |

AWARD - Policy Pioneer of the Year This year IESA has introduced the Policy Pioneer Award, given to an individual for exemplary efforts taken towards shaping the energy storage and EV industry in the country.

WINNER - Amitabh Kant, CEO of NITI Aayog A visionary, Amitabh Kant has put in unwavering efforts towards structuring various policies around energy storage. He has played a critical role in influencing the future of the ES and EV market in India. He believes that clean energy will be a major driver of India’s economic recovery and international competitiveness, and that we must leverage our domestic innovation ecosystem to bring value to the country and industry. NITI Aayog’s role in shaping the National Mission for Transformative Mobility and National Program for Advanced Chemistry Cell Battery Manufacturing (Giga Factory), has been well appreciated by the industry. A member of the Indian Administrative Service (Kerala Cadre: 1980 batch), Mr. Kant has been a key driver of the Make in India, Startup India, Incredible India and God’s Own Country initiatives that positioned India and Kerala State as leading manufacturing and tourism destinations.

AWARD - Lifetime Achievement Award This prestigious award is for individuals who have showcased exemplary performance in the company as well as in the industry, have played a notable role in the grooming of future industry leaders, been a part of innovation in technical and business processes, as well as made an impact in regional, national and global markets.

WINNER - Rakesh Malhotra, Founder of SAR group Mr Malhotra is a veteran in the battery and energy storage space. He is the founder of the SAR Group and Livguard Energy Technology. He is a serial entrepreneur since 1988 and an early-stage investor in India, Singapore and US. SAR Group companies are engaged in a wide range of industries including power electronics, energy storage, renewable energy, water and air purification, Industrial IOT, etc. He also serves as the Managing Partner of Ncubate Capital Partners, the private investment arm of SAR Group, that is exploring the renewable space, looking for projects and technologies around storage, e-vehicles and data analytics. Three out of 14 start-ups funded by Ncubate since 2012 operate in the renewable energy storage and e-vehicle space. A graduate from Jadavpur University in Electronics & Telecom Engineering, he started his career in 1983 at NELCO (Tata Group) followed by Mitsui and Siemens. | November-December 2020

WOMEN OF THE YEAR Awards were also presented to women who have played a leading role in promoting electrification of vehicles, deployment of RE and ES projects. Encouraging the involvement and contribution of women in these fields, the IESA award selection committee decided to honor two women winners from different segments, this year.

AWARD - Woman Leader of the Year (ESS) This award is presented to women leaders who have made remarkable contributions towards the ESS industry. Though one winner was selected, all nominees were strong contenders for this award.

WINNER - Dr Judy Jeevarajan Dr Jeevarajan has spent more than two decades researching on Lithium ion battery safety and on thermal runaway. She works with Underwriters Laboratories Inc. and has been part of standards development with International Electrotechnical Commission, and the Society of Automotive Engineers to name a few. In addition, she has initiated the Battery Safety Council with the National Transportation Safety Board, and her contributions were invaluable in creating awareness and in training the industry professionals on battery safety in the country.

AWARD - Woman Leader of the Year (EV) This category is awarded to women leaders who have exhibited extraordinary efforts in the promotion of the EV market in the country and have played a pivotal role in shaping the industry.

WINNER - Sulajja Firodia Motwani Ms Firodia Motwani has been part of the Indian automobile industry for the past 25 years. She founded Kinetic Green Energy in 2015, and during the past five years the company has emerged as one of the most sort after brands and a market leader in the e-3W segment. Other feathers in her hat include heading the e-3W segment at the Society of Manufacturing of Electric Eehicles, and leading EV implementation at DHI.

November-December 2020 |

IESA - Earth Day heroes This year IESA also gave out the Earth Day Hero Awards, that were constituted under the IESA and Earth Day Network partnership for the Great Global Clean-up Hero Campaign to celebrate the 50th anniversary of Earth Day. Five winners under different categories of the campaign were chosen for the awards.

IESA-Earth Day Hero ‘For Impacting the Urban’ - Madhukar Varshney, Founder of ‘Rise Foundation’ Mr Varshney’s outstanding work has inspired many urban dwellers of northwest India to do their bit for the environment. His organisation adopted the strategy of ‘Miyawaki Plantation’ to turn an urban space in Dwarka, Delhi, into a forest. Around 4,000 individuals and 250 households became a part of the process to plant and maintain the grove. The Foundation showcased easy methods to make earthen pot composters at home as repositories that turn kitchen waste into manure as fertilizer for the urban forest developed.

IESA-Earth Day Hero ‘For Encouraging the Children in School’ - A D Gomes, Principal of St. Augustine’s Day School Principal Gomes is a true inspiration for his school students, teachers, and other staff. Online MUN session on climate change, online art competition to spread environmental awareness, online PPT making competitions on several environmental issues, nature quiz, an online study of varied plant types and on each one's importance, encouragement to students to plant trees and keep bird feeders at home in their balconies or terraces are a few of his school’s regular engagements in environmental protection that impact over 3,500 students and teachers.

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IESA-Earth Day Hero ‘For Mobilizing Youth and Social Media Outreach’ Rumit Walia, Founder of ‘Tears of the Earth’ Tears of the Earth is a community of citizens with a strong concern for the environment. ‘Unstoppable’ describes them well as they continue their programs for a better environment despite the ongoing lockdown. Members of the community direct their efforts to create a Pledge Wave – to Do it yourself (DIY) activities that recycle, upcycle, and re-use waste material; to use of art forms to widen environmental awareness; help increase the green cover; and protect animal and bird species.

IESA-Earth Day Hero ‘For Inspiring and Mobilizing Women’ - Neha Ankit Kadakia, Founder of ‘Hastaksharr’ Ms Kadakia, founder of a woman-centric social enterprise Hastaksharr, has taken up a series of interesting out-of-the-box initiatives to encourage over 21,000 women and their children across the country to engage in eco-friendly activities. Her many methods of engaging people include green Do It Yourself activities, ways to make organic skincare products, art competitions to spread environmental awareness, and an eBook in the form of a video flipbook that comprises stories of several green warriors who do great work for the environment yet go unnoticed. She has conducted several online educative sessions on organic painting, story-telling to spread environmental awareness, etc.

IESA-Earth Day Hero ‘For Awareness in the Rural’ - Aakriti Tamrakar Ms Tamrakar, the youngest Earth Day Hero, is a master’s student in Environmental Studies. She has sought the support of her fellow villagers and the police authority to make her entire village in Bilaspur, Chhattisgarh, environment-friendly and aware. Waste management awareness drives, distribution of sapling and masks stitched from waste cloth, are just a few of the many means she adopts to help the 8,000 inhabitants of her village make a switch to environment-friendly ways of life.

November-December 2020 |

LEADERSHIP SPEAK

Making Li-ion battery manufacturing a reality in India Vikram Handa, Managing Director - Epsilon Carbon, talks about commissioning of India’s first-ever LIB material manufacturing facility, their plans of expansion, and vision for 2021 and beyond. What is the manufacturing capacity of Epsilon’s LIB facility and your plans with regards to investments and expansion? Epsilon Carbon has formed a subsidiary, Epsilon Advanced Materials to enter the fast-growing LIB material space. We have currently commissioned our manufacturing unit with a capacity of 2500 tons per year (TPA) of anode precursor material with pilot facilities for further processing into synthetic graphite, which is the final anode active material. Apart from the manufacturing unit, we have set up a comprehensive laboratory to test synthetic graphite in a coin and pouch cell format. This aids us in quality control as well as a tool for continuous product development. We plan to further ramp up our capacity to 15,000 TPA by 2021 and eventually to 50,000 TPA by 2025 with an investment of `500 crore in the next four years to scale up our capacity. We are also studying how to manufacture other key raw materials for LIB cells and lithium battery recycling. China has been dominant supplier of graphite, a key element in Li-ion battery cells. How does Epsilon Carbon plan to end this domination and aid indigenous manufacturing? Epsilon Advanced Materials’ key advantage is full backward integration of raw material from Epsilon Carbon -the parent company. Epsilon Carbon in turn has long term agreements for sourcing of coal tar from steel plants within India. This complete backward integration allows us to produce very consistent raw materials for the LIB supply chain. Our integrated carbon complex location in Karnataka shares a lot of utilities within the units and all intermediate products are transported via closed pipelines

Vikram Handa. Source: Epsilon

therefore avoiding contamination and reducing logistic costs. The anode is 25 percent of the cell by volume (depending on the chemistry) and we hope to support Indian cell manufactures by providing them this key raw material within India. Today, we are manufacturing for China, Japan, and Europe mainly and trials have been initiated with anode material producers and cell manufactures globally to start the testing and qualification phase. This is a key step towards company’s evolution plan to become the world’s first vertically integrated and sustainable producer of highperformance synthetic anode material in LIB supply chain. We a i m t o s u p p o r t c e l l manufacturers that set up facilities in India and are in touch with companies who are exploring setting up cell manufacturing facility in India.

| November-December 2020

The supply of raw and refined material needed for the manufacturing of Li-ion batteries is extremely critical, how will Epsilon Carbon meet the accelerating demand? Epsilon Carbon currently processes 350,000 tons of coal tar in India and we expect the coal tar availability to increase to a million tons in the next seven years. Raw material security is our key advantage and gives customers in China, Japan, and Europe the comfort that we will be able to ramp up our volumes and support them with consistent synthetic graphite material as their demand for raw material increases. Another key raw material for manufacturing synthetic anodes is power, and we are able to provide that from Epsilon Carbon through the waste gases from our Carbon Black factory which is also located within the Integrated Carbon Complex.

Epsilon advanced materials facility. Source: Epsilon

Cell manufacturing is often considered a costly affair due to a lack of key raw material availability in India. What are your thoughts? Synthetic anodes can be made from the petroleum stream via needle coke also, but there is no one producing needle coke in India. Most petroleum-based needle coke is produced in the US, Japan, Korea and China. Coal tar that Epsilon Carbon sources from Indian steel plants is a byproduct of the coke oven and a waste for the steel plant. We are able to take a waste of an industry and create value for another industry, and I think, this is what differentiates us as a global player. It is important to source raw materials in a sustainable manner since raw material sourcing with a low carbon footprint is very important to grow as a player in this industry. Epsilon Advanced Materials is able to manufacture anode material with very low Sulfur Oxides (SOx) and Nitrogen Oxides (NOx) emissions as our feedstock have a very low sulfur content. These are key features in making a project scalable and successful in the future. What are the challenges and opportunities that exists in the Indian market for raw materials of Li-ion battery cells? India has the world’s second largest reserves of national graphite but mining licenses are not easily available from the government.

Today, most of the natural graphite is mined in Africa. India is a leading producer in aluminum and copper which are also key raw materials in LIB cells. India is not reliant on lithium and nickel, but I think a large-scale efficient LIB recycling facility in India can be a solution to source these raw materials domestically till demand increases. With renewable energy growing in India, I think a key component needed to manufacture cells competitively are becoming available in India. We are studying how to manufacture some of these products and complement our anode manufacturing capability. Currently, China imports raw materials from different continents and does all the chemical processing/refining in China and is able to localize their raw material supply chain. This is what India needs to do since we have abundant raw material.

Epsilon strongly believes that developing raw material supply chain is the most critical factor towards success of cell manufacturing in India, and making India self-reliant in the LIB ecosystem. As the uptake of EVs accelerates in the country, what kind technological advancements will prove to be essential for the industry? I think the industry has started maturing in the past two years with some good government initiatives and policies. Going ahead, I think the government is serious about supporting the growth of the LIB cell manufacturing and EV sector. India is a unique market and cannot be directly compared to China or Europe where EV adoption is happening much faster. It is important to understand the cell chemistry that would be best suited for the Indian Meso coke Powder from Epsilion advance materials. Source: Epsilon Carbon

Battery testing facility. Source: Epsilon November-December 2020 |

44 of raw material security and localization to develop the ACC industry and have made guidelines (that they are key raw materials for the country), and therefore, have brought a lot of focus and investment into raw materials. The European Battery Alliance is an example of such a platform.

Anode making. Source: Epsilon

application. E-2W and e-3W require different cell chemistry as compared with a e-4W or a luxury car. At the same time, there are a lot of technological advancements happening in cell chemistry and especially cathode chemistry, but this will take some time to reach a commercial scale and become available. What are your views on energy storage and e-mobility? E-mobility and energy storage are no longer the future but the present. Oil companies and ICE manufacturers are aware that the transition has started and are taking steps to enter this high-growth space. India has ambitious plans but the government needs to support research and development and key raw material supply. With such a large domestic captive market, India has the potential to reduce its environmental footprint on emissions and become a world leader in energy storage and e-mobility. The Cabinet recently approved Performance Linked Incentives for advanced cell chemistry (ACC) batteries. How will this be a game changer and what role will Epsilon play? I think the NITI Aayog has been very proactive with the announcement of PLI policy for ACC batteries. Supporting the development of the Indian ecosystem will give a boost to this industry, which was not moving

ahead in the past few years. I think in the last year, we have seen a lot of developments and traction in the EV/ battery space in India. As Epsilon, our focus remains to cater to the Indian market, and we are in talks with several organizations that are looking to take advantage of the PLI scheme and setup giga factories in India. In the 60 percent value addition that needs to be done in India, we think we can contribute 10-15 percent value addition to the cell manufacturer, which can translate to `3000+ crore worth of subsidy over the 10-year scheme. We have chalked out a plan to manufacture 50,000 of anode material in India which would translate to 50 GWh of cell capacity which the NITI Aayog says is a conservative estimate for 2025. What are the challenges and solution to localization, components availability? There are a few challenges to localization, which I think will get addressed eventually once the policy starts getting implemented. The policy talks about incentives towards value addition in cell manufacturing but does not talk about incentives for the raw material industry. I feel the government should have given incentives to develop the raw material supply in India, too, and this would have led to a boost in cell manufacturing in India. I think India can be self-reliant on copper, aluminum, graphite, and some other key raw materials for the LIB supply chain. Europe and the US recognize the importance

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As a raw material supplier to cell manufacturing, what do you envisage for 2021 and what are your short-term and long-term plan? We are in the process of qualifying with anode manufacturers and cell manufactures and hope to get approvals by Q1 2021. Today, the biggest customer is China due to the growing appetite for graphite anode materials. We are focused on supporting the growing gigafactories in Europe in the next 2-3 years. We can produce these materials with a significant lower carbon footprint than Chinese manufacturers and that is an important USP for the European market. I think India will start seeing gigafactories on the ground from 2023 and we will be well positioned and have a first mover advantage to supply them and be qualified in our chemistry. Our long-term plan remains to produce 100,000 tons per year of synthetic anode material and support the Indian cell manufacturing facilities. What are some key takeaways from 2020 and your views on 2021? The year 2020 has definitely been a challenging year, but it has been a great year of learnings. Lot of industries have seen rapid acceleration and that applies to the EV industry in India. The world has become more conscious about the environment and sustainability and this will continue. We look forward to 2021 to see the development of the cell manufacturing industry in India. We are also looking forward to growing our capacity by six-fold the next year.

Ashok Thakur Chief Editor ETN

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E-MOBILITY

Electric two-wheelers: Riding the future of e-mobility in India The electric bikes market in India is projected to reach a value of `17.43 billion by FY2024, from `2.92 billion in FY2019. The e-2Ws have already set a prominent footprint in the States of Uttar Pradesh, West Bengal, Gujarat, Tamil Nadu and Maharashtra. With further development in charging infrastructures, the adoption of electric bikes is expected to increase in other parts of the country as well.

he e-2W market in India is developing on account of increased government policies supporting battery-powered vehicles, the growing cognizance toward the environment, snowballing petrol prices, and strict emission norms. It is not a new development that there has been a constant push for the adoption of EVs in India for a few years now.

The e-2W market in India

India has one of the world’s biggest two-wheeler markets. In 2020, the e-2W market segment is gradually beginning to diversify. The e-2W sales have been slowly picking up and a lot of OEMs are entering the segment. Even the likes of Ola have bought e-scooter makers like Etergo and are planning to bring the offerings to the Indian market in near future. With progressively improving charging infrastructure, the industry is anticipating a decent demand in the coming times. However, a higher price of the models compared to the ICE counterpart, lesser availability of charging options, and lower range has affected the overall sales of e-2W. In the last two years, more than $600 million of investments have been raised by e-2W companies in India. These investments helped manufacturers not only with high upfront capital required in the initial stages of assembly and supply chain setup, but also in keeping the cost of e-2W low while boosting the quality of the products. The Society of Manufacturers of Electric Vehicles (SMEV) identifies the current population of electric

vehicles in India at one percent of the total number of vehicles on the road. Of these, more than 95 percent are two-wheelers. The responsibility of this disproportionate statistic is on the uninterrupted supply of twowheeled electric vehicles by some fringe assemblers and later some bigger corporates. Sohinder Gill, Director General Society of Manufacturers of Electric Vehicles (SMEV) has stated, “One of the main reasons for the stagnant sales is attributed to customers not able to buy products due to COVID-19, which led to lockdown in the country. However, the industry has been quickly able to enter the positive curve soon after the government announced the unlock process.” As expressed in media reports, he said: “Lately there has been much positive news on the EV policy front from the Central and State governments that have led to higher confidence amongst OEMs, component suppliers, and investors. We look forward to a big push by the government to set right what went wrong with FAME II to assist the generation of demand, which is already showing some green shoots. Some of the measures that could be adopted are removal of the 'range criteria' from two-wheelers for the subsidy, reduction of Goods & Service Tax (GST) on batteries from 18 percent to 5 percent when sold separately, mandating delivery businesses to convert their fleets to EVs, promote e-mobility under ‘Swachh Bharat Campaign’.” According to Customized Energy Solutions (CES) analysis, in terms of market share, in the high-speed

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segment (>25 kmph), Okinawa is the market leader with 37 percent share followed by Hero Electric with 33 percent share and Ather Energy with 11 percent share. Companies like Okinawa, Ather Energy, Revolt Motors, etc. are principally focusing on the high-speed segment whereas companies like Hero Electric, Tunwal, Jitendra EV, GRG Smart Vehicles, etc. are focusing on entry- to mid-level variants of e-2Ws.

OEMs expanding facilities

For deriving the maximum revenue from the swiftly growing Indian e-2W market, original equipment manufacturers (OEMs) are expanding their facilities • In January 2020, Ather Energy announced intentions to build a 400,000-sq ft factory in Hosur, Tamil Nadu, which would have an annual output of 1 lakh units. At present, the company operates one manufacturing plant in Bengaluru, which has a capacity of 25,000 units. The company’s idea behind an additional facility is to meet the rising demand for e-2Ws in India. • In July 2020, Okinawa Autotech capitalized $28.4 million `200 crore) for its second manufacturing plant in May 2019. To be developed in Rajasthan and intended to be commissioned in early 2020–21, the manufacturing plant will have an annual output of 10 lakh units. • In October 2020, Pune-based manufacturer of two- and three-wheelers Bajaj Auto Ltd announced its plans to set up a

47 at 69,000 petrol pumps across the country, to drive people to use more EVs in the future. Mr. Gadkari had also recommended that EV manufacturers should keep the cost of EVs down to appeal to more buyers and forfeit profit for the time being to reap the benefits later. He had said, "Reducing cost may result in some losses initially, but will bring great benefits. As a marketing strategy, you have to reduce the cost to get numbers."

Fall in Li-ion battery prices

Figure 1: Market Share of e-2W Players in High-Speed Segment (>25 kmph), Total Units: 27300 Source: CES Analysis

dedicated production plant for its electric scooter Chetak. • In November 2020, Ampere Vehicles, a subsidiary of Greaves Cotton announced its plans to invest around `400 crore to expand its existing capacity to 2.50 lakh units per annum. Currently, the company is running a facility with an annual production capacity of 50,000 units. • In November 2020, Electric vehicle startup Pure EV announced that it is on course to significantly expand its manufacturing base to a larger facility with an annual capacity of 2 lakh EVs and battery manufacturing capacity of 5 GWh in comparison with the existing capacities of 20,000 EVs and 0.5 GWh, respectively.

Subsidies and regulatory policies

Government subsidies and regulatory environment can go a long way in pushing the sales of EVs. Subsidies have facilitated the market by making electric scooters and motorcycles more feasible for the customer. Some of the supportive initiatives comprise tax exemptions on the purchase of EVs, purchase rebates, and financial incentives to

customers. EV adoption in India over the next five years is going to be essentially driven by two-wheelers and threewheelers. Recent government policies have taken into consideration the need to electrify the motorized two-wheeler fleet. In 2019, the national government recommended a plan to sell only e-2W (up to 150 cc) from March 2025 onward. Furthermore, to regulate the pollution emitted by vehicles, the central government has skipped Bharat Stage V (BSV) emission standards and directed that all vehicle manufacturers, both of two-wheelers and four-wheelers, manufacture and sell only BSVI vehicles from 1st April 2020. The strict emission standards have led to a surge in conventional fuel-based two-wheelers’ prices in the range of 7-15 percent, which is further projected to benefit the Indian electric scooter and motorcycle market. As part of the drive towards e-mobility, the government now plans to set up more electric vehicle charging points across the country. Minister for Road, Transport and Highways Nitin Gadkari said that the Center strategies are to set up at least one EV charging station each

Another important factor driving the growth of the Indian electric scooter market is the projected cost reduction of Li-ion batteries in the upcoming years, resulting in economies of scale. Battery constitutes about 40-50 percent of the total EV cost. At present, practically all the EV manufacturers import Li-ion batteries from China, Japan, and South Korea, due to lack of raw material and a value chain still in infancy. However, the recent focus of major Li-ion battery stakeholders on developing batteries and related systems locally is projected to certainly impact the Indian electric scooter market. At present, a battery is priced at around $260/ kWh, with the price projected to drop to around $145/ kWh in the next five years, thus making electric scooters more affordable for customers. Furthermore, the majority of the e-2Ws sold in the country have sealed lead-acid (SLA) batteries, and each such battery contains 10–20 kg of lead, which is an exceedingly toxic substance. Li-ion batteries have a higher power density than SLA batteries, thus making the former lighter and more efficient. Additionally, Li-ion batteries have a greater life span (more than 2,000 charge cycles), compared to SLA batteries (maximum 400 charges), and the former is faster charging as well. The added advantages of Li-ion batteries will position them with conventional IC engines, thus helping the sales of Li-ion-battery-driven e-2Ws. At present, the country is moving towards a cleaner and sustainable future, and it becomes vital to

November-December 2020 |

48 reduce the reliance on fossil fuels. Looking at the way the e-2W industry is heading, the technology is more advanced and many companies and startups are offering considerably higher than prevailing ICEpowered vehicles.

Most significantly, increased efficiency, battery performance, lower maintenance costs, preventive maintenance, smart and connected features are some of the immediate advancements that we see with EVs. And e-2W

makers feel an important aspect is to educate customers, and spread awareness, and break myths associated with EV performance so that demand kicks off the chain reaction that catalyzes the EV industry.

To learn more about the present developments in the e-2W market in India, ETN spoke to few of the prominent e-2W vehicle manufacturers in the country. Following are the excerpts of the discussion. looking for a clean, yet economical, personal mode of transportation.

NAVEEN MUNJAL Managing Director Hero Electric Vehicles “As India gears up for indigenization of components as well as technology, we as manufacturers are both, ready and eager. We have already started manufacturing and/or sourcing several components locally. There are certain challenges or limitations with certain parts that currently need to be imported.” COVID-19 pandemic and the e-2W market It’s not that the two are independent of each other or directly related. The e-2W market in India has been on a growth path and the pandemic, especially the lockdown, highlighted the importance and need for EVs more than it has ever before. It takes something truly terrible to shine a light on what’s good, and the COVID situation has brought about a more determined outlook of people towards e-mobility. People are realizing the importance of switching to emission-free transport and e-2W make the most sense as it serves as a daily driver to people

2020 and future trends in e-2W sales This year we had to cut back on manufacturing as demand, although high given the COVID situation (compared to other industries, which have seen a total and complete decline in sales), numbers still have been a challenge compared to the previous year. A modest 50,000 units have rolled out of Hero Electric this year, equalling the figures from 2019. The future, however, has a growth trend with humble figures asserting a 20 percent Y-o-Y increase in numbers. Although a drop in the ocean of two-wheelers in India, any customer who chooses to switch to an e-2W from an ICE two-wheeler is a win for the EV industry and a win for the environment. Market predictions place 80 percent e-2W penetration amongst two-wheelers in India and we are working hard to ensure that happens.

OEMs undergoing this technology shift have the most to benefit as their entire system and resource right from equipment to manpower will witness a major upskilling. Besides OEMs that will undergo technology shift, this also opens up avenues to new businesses and newer technologies such as autonomous mobility, smart-buildings, and roadways, battery technology, even the IT and telecom sectors would have a major role to play in developing a grid which is capable of providing seamless and glitch-free EV ecosystem.

Opportunities and challenges for local manufacturing As India gears up for indigenization of components as well as technology, we as manufacturers are both, ready and eager. We have already started manufacturing and/or sourcing several components locally. There are certain challenges or limitations with certain parts that currently need to be imported. Auto components and ancillary Phasing out of 2W by 2025 manufacturers in India will not only Technological innovaenjoy the current tions are like energy supply to ICE – they never truly end markets but also the or get lost, they EV sector now. The get transferred. need for local manufacWhy should the turing incentivizes these transport industry companies to expand be any different? their product portfoWith the governlio. There’s good ment preparing news even for those the industry for entering especially a major overhaul, into EV-based comthe manufacturponent manufacturers have ample ing as it will help time to slowly local companies to and gradually develop some worldphase their producOptima e-2W class products, tion technology from by Hero Electric which will not only ICE to EV. Existing Source: Hero Electric

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49 help upgrade the quality of existing parts but also set benchmarks for a global standard. The challenges faced today are purely scale based. Due to the low (comparatively) quantity of items the costs are still on the higher side as compared to the ideal market costs. There is also slow movement on asset acquisition by large OEMs as the machinery, due to lower numbers will not provide the breakeven anytime soon. State e-vehicle policy driving e-mobility adoption a. Most visible – increase in adoption of EVs especially e-2W due to: • Lower price point • 80 percent of the market in India is focussed on 2Ws, making it the most accessible sector • Easier in terms of lifestyle/habit change compared to cars and/or buses • More options for e-2Ws compared to e-4Ws

b. Industry – this will give birth to technology companies and an incentive to existing ones to innovate further, giving OEMs and customers both, highly efficient products. c. Infrastructure – as the numbers of EVs grow, the infrastructure to support these vehicles on road will grow parallelly. d. More players would enter the market giving rise to competition, which is rather welcome as it would not only standardize the expected quality and performance but also enhance it each passing year. e. Financial firms will enter the market as well in a big way – as it is with ICEVs making EVs more affordable and accessible to consumers. Industry takeaways from 2020 and outlook for 2021 2020 has been a challenging year for everyone. The pandemic has spared no individual nor

a spike in e-2W sales. Within a month after the nationwide lockdown guidelines was eased, we retailed over 1000-plus units. Also, we did witness a good sales numbers during the festive season. This demonstrates the escalating demand for EVs and the transition in the mind-set of the people. JEETENDER SHARMA Founder and MD Okinawa Autotech “In the present time, when the country is going through a global pandemic, we have seen people getting inclined towards EVs over ICE vehicles. This validates the developing trust in technology; and we are encouraged to maintain the same and live up to the expectations of our customers.” COVID-19 pandemic and the e-2W market Yes, the industry has observed

a single industry. Morale and capital have been low and people, companies, industries are trying to be thrifty since the end of this pandemic is still unsure. However, every cloud has a silver lining; as mentioned before, the pandemic has brought about massive awareness amongst the citizens of the country on the benefits of switching over to clean mobility. A large number of people have already started ditching their ICE vehicles and opting to go electric. This is the collective result of brands, governments both State and Central, and the pandemic that has brought about a positive change in the mind-set of people. When the results are right in front of our eyes, what we have witnessed first-hand, 2021 will be the year EVs will truly come into its own; markets will open up, gradually removing the financial stagnation and this sector will certainly see a rise in numbers.

as preferred way for future sustainable transportation. The mission is to develop technology and deliver the EV that is just as competent as their ICE counterparts. The ambition to transit to e-vehicles has unlocked prospects for the manufacturers to be innovative and upgrade their technology at a faster pace.

Opportunities and challenges for local manufacturing The major struggle for EV manufacturers right now is the availability of battery cells. It is a raw material that is not obtainable in India and is imported from countries like Japan, China, South Korea, etc. There is a lot of research and development going on in the country to address this. Once, we commence manufacturing these in India, then there is no Okinawa’s i-Praise+ e-scooter Source: Okinawa Scooters stopping.

2020 and future trends in e-2W sales We retailed over 70,000-plus units by the end of November. We anticipate the graph going up in the upcoming time. Phasing out of conventional 2W by 2025 The complete idea is to become a country that is on its way towards implementing e-mobility

November-December 2020 |

50 Government’s approval for ACC batteries As mentioned, all EV manufacturers are presently importing the related components. The only way to reinforce the local industry is to cut down on the imports to shift the dependency of the manufacturers towards the local suppliers. And to further encourage local suppliers to accelerate their offerings. All this together has put the complete growth of the industry on the fast-track. State e-vehicle policy driving e-mobility adoption

RAVNEET S. PHOKELA Chief Business Officer Ather Energy “Over the years, e-2Ws have penetrated the market and will continue to witness an increase in demand. The e-2W segment in India is emerging on the account of increased government initiatives and the growing awareness towards a cleaner and sustainable future.” COVID-19 pandemic and the e-2W market The lockdown had certainly disrupted the local supply chains and manufacturing and had also impacted the demand for e-2Ws, but the sector has witnessed signs of revival. On the demand side, people who had deferred their purchases are beginning to come back in the market, and that’s been a positive development. One of the important drivers contributing to the growth and adoption of EVs is the growing awareness of the environment.

E-mobility is one mission that has established attention at both Center and State level. The Delhi EV policy is an example of how genuine the government is to boost the adoption of e-mobility. At the outset, when we arrived into the EV space, we had it in our minds that this is going to take longer than any other technology acceptance. The reason is that ICE is a habit and EV technology itself is new. We were endeavouring to influence and bring a change in the very habit of the consumers. Nevertheless, with the constant support from the government, everybody – customers,

manufacturers, suppliers are on the winning side. Each stakeholder is taking home something extra. This has fast-tracked the growth of EVs in the country.

There has been a rise in environmental consciousness in India, thereby the government has introduced several progressive policies and incentives like introducing the FAME II subsidy, lowering the GST on EV to 5 percent, offering income tax rebates on the purchase of EVs which has helped in creating consumer demand for e-2Ws. There are two key segments of owners in EVs today - one that is looking at EVs purely from a TCO perspective, and the other that sees EVs as the future of automobiles, and is technologically superior. For the first, the tough economic environment makes the case stronger to go for EVs. The second segment is skewed towards the premium end of the market and relatively less vulnerable to the economic environment.

latest round of Series D Funding, we believe that we will be able to accelerate our expansion plans and speed up the deliveries of the Ather 450X. Over the years, e-2W have penetrated the market and will continue to witness an increase in demand. The e-2W segment in India is emerging on the account of increased government initiatives and the growing awareness towards a cleaner and sustainable future. The demand will certainly pick up in the coming years, as EV manufacturers will introduce high-quality and well-performing products that are viable alternatives to ICE vehicles. A host of innovations are also seen among a lot of young companies who are building EVs and are focusing on making them more innovative and appealing than their petrol counterparts.

2020 and future trends in e-2W sales When this year began, Ather Energy was available only in two cities - Bangalore and Chennai. On January 28, we launched Ather 450X aiming to go to 10 markets by the end of this year. Ather Energy is available in seven of those cities now and we have added one more market - Kozhikode and we plan to expand to more than 30 cities by the end of FY21. Ather Grid which was available only in two cities is now available in eight cities and we plan to add charging stations at an additional 135 locations in 11 cities by December 2020. With our

| November-December 2020

Industry takeaways from 2020 and outlook for 2021 In the present time, when the country is going through a global pandemic, we have seen people getting inclined towards EVs over ICEV. This validates the developing trust in technology, and we are encouraged to maintain the same and live up to the expectations of our customers.

Phasing out of conventional 2W by 2025 The EV sales have increased over the past five years with an increased uptick in the adoption of high-performance e-2Ws. The e-2Ws account for nearly 97.5 percent of all EVs sold in FY20 and it is a trend that we see continuing. Today, lower performance specs e-2Ws make up a significant chunk only because of the lack of alternatives. We will witness a transition in the coming years with new and existing brands launching more efficient and powerful e-2Ws that are near-equal or better in performance than their ICE counterparts.

51 Opportunities and challenges for local manufacturing The Indian auto industry has the potential to dominate the world, and for that, the supply chain must be vibrant. If we have a solid supply chain, it incentivizes new players to come in as they are not at the mercy of a handful of component manufacturers. And, eventually, when scale kicks in, costs will automatically go down as well. The government has given time for the industry to switch to complete localization. We must now go step by step from motors, controllers, and other EV-related components. The components sector was slow to start, perhaps waiting for stronger signs of EV adoption. However, we are seeing a lot of action there, given the rising demand for EVs. Whether it’s the global players looking at setting up local manufacturing, or Indian players entering the space, the intent is very clear. Though the supply chain is growing in the right direction, there is still some time before it can cater to the scale that we need. These are early days, and very few suppliers can meet the eventual demand in the sector. We have been working very hard to localize our product and as a result, other than cells, all our components are locally sourced. The tough road we took a few years ago, choosing to build a local supply chain and not be dependent on imports, is now bearing fruit. In fact, not only are the batteries that we use been designed by us, but we also manufacture them in-house. We probably are the only OEM in India that makes their batteries. This makes the Ather 450 series a truly ‘Make in India’ product. Government’s approval for ACC batteries The PLI scheme announced by the Central government for manufacturing ACC batteries looks like an interesting prospect and solidifies their intention of making the Indian automobile sector electric. With a package of `18,100 crore being made available to manufacturers of lithium-ion and other advanced batteries, will push for the

Ather 450x Source: Ather Energy

burgeoning industry to increase its rate of growth and also allow them to create more job opportunities domestically, while making a mark on the international market. At Ather, we have been manufacturing our batteries for our product line since 2018 and are looking forward to expanding our production so we can meet the demand across the country. State e-vehicle policy driving e-mobility adoption With a massive focus on e-mobility around the world, India needs to push the adoption of EVs and develop the infrastructure. Therefore, the centre has introduced several policies such as FAME II and the phased manufacturing plan for EVs. Even the State governments are offering additional subsidies for end consumers and have also introduced policies that have focused on creating attractive incentives for OEMs to set up manufacturing plants. These initiatives will act as a catalyst to the development of the sector and will address the apprehensions of the manufacturers, sellers, and customers. We are hoping that this will increase the adoption of EVs and the government will continue to boost EVs by coming out with policies of incentives, fiscal SOPs, and encouragement to expand this ecosystem. Ather Energy has signed an MoU with the Tamil Nadu government for a 400,000 sq ft manufacturing facility in Hosur. The new facility is supported by the State government's EV policy and will create job opportunities in the region.

Industry takeaways from 2020 and outlook for 2021 While 2020 has been a tough year, it made us realize the value of building a strong organization with deeply committed teams. By teams, I mean both, internal employees as well as external partners such as suppliers, dealers, etc. The last few months have been very demanding. The impending start of the new manufacturing facility, planning entry into multiple markets, managing supply chain disruptions, while we migrate from the Ather 450 to the new products - the Ather 450X and 450 Plus. It has been encouraging to see how employees rose to the occasion and managed to guarantee that the impact of the pandemic was marginal. Our plans moved by a quarter, without compromising on the scale of what we wanted to accomplish. We also were privileged to have supportive partners both in the retail and supply chain, who worked with us untiringly to guarantee that our plans didn’t need to change. 2021 is another year. We enter it with optimism that the worst is behind us, as we commence the next phase of our journey. This will be the year when we hit a massive scale, with an exponential increase in sales volumes and venture into 60-70 new markets.

November-December 2020 |

Moulin Oza Assistant Editor ETN

E-MOBILITY

Electric three-wheelers: Leading the electrification race in India Three-wheelers hold a unique position in the Indian public transport system. Apart from consumer demand, other factors driving e-3Ws sales include supportive policies by the Central and State governments, lower operational cost, and emergence of viable business models.

Rickshaws plying on a busy street in Delhi, India. Source: Wikimedia Commons.

f we look at EV sales in India, you will notice, electrification of vehicles has chiefly taken place in the two-wheeler and three-wheeler segment. A total of 380,000 EVs were sold in India between 2019-20 (India Electric Vehicles Overview Report 2020-27 - Customized Energy Solution) and a bulk of these i.e., 224,800 comprised e-3Ws, followed by 152,000 e-2Ws and 3,000 e-4Ws. “In India’s paradigm shift towards EVs, e-3W will play a vital role as it addresses the crucial segment of last- and first-mile commute and even deliveries,” said Mahesh Babu, MD & CEO at Mahindra Electric Mobility Ltd. Mahindra Electric is a market leader in the e-3W market for

FY 2019-20, as per IESA’s Ranking of Energy Storage and EV companies for 2020. Mr. Babu highlighted India requires a “multi-modal approach to electric mobility” and e-3Ws will lead the country’s EV adoption race.

E-3W market in India

Three wheelers hold a unique position in the Indian public transport system. The low-cost mode of transport offers not only greater affordability but also maneuverability on congested Indian streets, making it a popular choice among commuters. Besides the growing consumer demand, other critical factors driving the sales of e-3Ws include ambitious policy announcements by

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the Central and State governments, lower operational cost for the drivers and emergence of viable business models (such as battery swapping). The e-3W market in India has two variants: e-rickshaws and e-autos. Currently, low-speed (up to 25 kmph and motor size below 2kW) e-rickshaws powered by conventional lead-acid batteries dominate the market. Several small, unorganized players operate in this segment accounting for nearly 60-80 percent of the market share. As per the International Centre for Automotive Technology (ICAT) there are 600+ registered players operating in this segment, and together, these players sell approximately 10,000 - 12,000 units of ICAT approved

53 e-rickshaws per month. In addition to the registered OEMs, a sizeable gray market for e-rickshaws has also evolved in the country, particularly in the States of Bihar and West Bengal, and NCR-Delhi (India EV Overview Report 2020-27, CES). However, since 2018, the share of gray market has slowly started to decline owing to the government’s push for ICAT-certified model. Some of the major players in the e-rickshaw segment include Mahindra Electric, Kinetic Green Energy & Power Solutions, Champion Polyplast (Saarthi), YC Electric Vehicles (Yatri), Saera Electric Auto (Mayuri), Goenka Electric, Thukral Electric Bikes, GK Erickshaw, and others. The e-auto segment, on the other hand, is at a nascent stage in India and more organized compared to the e-rickshaw segment. E-autos are high speed e-3Ws (25 kmph and above with motor size greater than 2kW) and currently operate at B2B and in the cargo segment due to requirement of high-performance vehicles therein. As per the India EV Overview report, the industry sold ~4,800 units of e-autos in FY 2019-20. In recent years, e-auto segment has witnessed entry of several new players and big brands. Some of the major OEMs operating in e-auto segment include Mahindra Electric, Gayam Motors, Piaggio, Kinetic Green Energy, Champion Polyplast (Saarthi), Vidhyut EVs, and others. CES analysis indicates that 90 percent of the e-3Ws units currently sold are passenger vehicles and the rest 10 percent are sold as goods vehicles (e-carts). “E-autos are yet to witness widescale adoption,” noted Shamsher Dewan, Vice President, of credit rating agency, ICRA. “E-3Ws (leadacid battery based) account for the lion’s share of EVs sold in the country. However, this is primarily in the e-rickshaw segment.” Mr. Dewan believes as major 3W OEMs start to develop electric variants of their 3Ws, offering superior specifications and range compared to the e-rickshaws, the adoption in the cargo segment is likely to pick up pace.

Factors driving the e-3W growth in India (i) Supportive policy framework – Over the recent years the national government has created a momentum for EV adoption through several policy measures. Starting with the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme framed to promote and incentivize the production of hybrid and EVs in India. As per reports, of the 280,000 EVs that availed purchase subsidies through FAME – Phase I (April 2015-March 2019), only 1 percent were availed for e-3Ws. However, in FAME – Phase II, the government focus shifted to electrification of the public and shared transportation and this has given a big boost to the e-3W market. FAME-II aims to support approximately 100,000 e-2Ws, 500,000 e-3Ws, 55,000 e-4Ws (passenger cars) and 7,000 e-buses. However, there are a few qualifying specifications that need to be met in terms of speed, battery capacity, and technology to avail the FAME – II subsidies.

According to Mr. Babu, policies like FAME II are helping to take e-mobility to the masses. “The success of India’s e-mobility program cannot be achieved without a strong policy on manufacturing, Mr Babu explained. The Ministry of Heavy Industries and Public Enterprises had released a Phased Manufacturing Program (PMP) under the FAME II scheme for boosting local manufacturing of EV components including battery packs, power electronics and electric motors. PMP encourages industry to invest and develop the supply chain in India and lays down a clear timeline for the localization of all the components. Parallelly, government has also made it very clear that they are not interested in subsidizing the imports and from 2020, custom duty will be increased rapidly. “Mahindra has been investing consistently towards developing EV components in-house and will continue to strive hard to move the world to electric. Mahindra Treo range is currently completely made-in-India (except the cells),” he added.

Mahesh Babu & Pawan Goenka at the unveiling of Mahindra Treo Source: Mahindra Electric November-December 2020 |

54 Thirdly, the Cabinet in November finally approved production-linked incentives (PLI) in 10 key sectors including Advanced Chemistry Cell (ACC) battery, under the Atmanirbhar Bharat (self-reliant India) vision. In the long-term, this move is expected to benefit EV uptake as it reduces upfront capital costs, as batteries (a key component of EV cost) will be manufactured locally. Apart from the Central government, State governments like Delhi, Kerala, Karnataka, and Maharashtra have taken stepchange measures for paving the way for e-3W market. For example, Delhi has extended purchase incentive of `30,000/ e-3W to registered owner. It has also made available hire purchase scheme, 5 percent interest subvention and scrapping and de-registration incentive of `7,500 per vehicle. Karnataka government has offered 5,000 free permits for e-3Ws. Other examples include, Bihar State EV policy (draft-stage) that has set an ambitious target of converting all paddle-rickshaws to e-rickshaws by 2022, among other targets. (ii) Lucrative operational economics – A recent analysis by the World Resource Institute on the economic viability of e-3Ws revealed that at an average of 100 km per day usage, the total cost of ownership (TCO) per km of e-rickshaws (`1.30/km) and e-autos (`2.10/km) is lower than the corresponding ICE variant (CNG-3W, petrol-3W, and diesel-3W). Combined with the additional FAME-II subsidy of `37,000 for e-rickshaws and `66,523 for e-autos, the TCO per km of e-rickshaws (`0.99/km) and e-autos (`1.82/km) becomes even more economical. Therefore, over time it is believed e-3Ws offer significant savings in terms of operating costs. Mr. Dewan from ICRA underscores that the higher capital cost associated with e-3Ws would be recovered over a short period in the form of savings in operating costs.

“Just as the adoption of CNGbased 3Ws increased in cities due to the favorable operating economics, the adoption of e-3Ws would also increase, especially with the government bringing down the capital cost for buyers through subsidies,” he added. (iii) Battery swapping option – Battery swapping refers to a process when a discharged battery is replaced with a fully charged one akin to refueling of ICE vehicles. Lithium-ion batteries account for a significant upfront cost of EVs, and therefore, battery swapping model is considered a game-changer (especially in e-2W and e-3W segment) as it can help drastically reduce the upfront cost of EVs. Recently, the government allowed the sale of EVs without the batteries. E-3Ws are expected to greatly benefit from this move as it will make it more viable. Though the caveat here is, battery swapping will lower the upfront cost of the e-3W by about 40 percent, but its operating cost will be relatively higher compared to e-3Ws that come with battery. In this case, studies indicate (WRI- India, Ross Center) e-3Ws with assured high utilization rates are a more profitable prospect for businesses, as they become cheaper to operate perkilometer with increased utilization. Therefore, this model may prove to be useful for e-3Ws deployed by e-commerce/retail giants like Amazon, Flipkart, and others, who have recently announced adding e-rickshaws to their delivery fleet.

Barriers to e-3W adoption

(i) High upfront cost & financing challenges – Formal financing options for e-3Ws have not evolved for EVs as they have for ICE vehicles. CES analysis highlights that users can buy an ICE vehicle with zero down payment in the market typically at an interest rate of 8 percent whereas in case of EVs, one has to spend nearly 30 percent cost of the vehicle as down payment with an interest rates as high as 20 percent. Further, national banks are

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offering interest rate in the range of 9-9.5 percent whereas NBFCs are going as high as 15-20 percent, and few private lenders are charging even higher rates (<20 percent). Moreover, the e-3W after-sale market has not evolved as much as ICE-vehicles due to which financial institutions are not able to assess the value of the asset in case of a default. (ii) Limits of battery swapping – While battery swapping could give a boost to e-3W market, the downside to it is that incentives are not applicable for models equipped with swapping options under FAME-II scheme. As for battery swapping stations, industry is seeking uniformity on the GST front, as on vehicle, GST applicable is 5 percent whereas on charging, which is a service, GST applicable is 18 percent. While battery swapping model does look promising, currently the industry is looking for more clarity on how the incentives will be given on purchase of a vehicle without battery. (iii) Low localization levels in EV manufacturing – While several policy announcements such as PMP, and more recently ACC battery manufacturing, have been made with the aim to auger EV component and battery manufacturing in India. The prevailing ground-reality is that localization continues to be low in EVs. To be able to avail FAME II subsidies manufacturers have to locally source at least 50 percent EV parts and a large number of manufacturers are yet to make all the EV components and technologies in-house. H o w e v e r, c o m p a n i e s l i k e Mahindra and Kinetic Green Energy have started localizing their EV component. “We are currently working towards making our EV components and technology in-house,” said Mr. Babu commenting on localization efforts by Mahindra Electric. “Mahindra Treo range of e-3W is completely made-in-India at our Bengaluru plant (except for the cell) and with a new upcoming plant in Chakan we will be manufacturing EV components for high-power EVs,” he added.

55 Kinetic Green Energy’s ‘Kinetic Safar Smart’ the company’s Li-ion powered e-auto is also a nearly 100 percent ‘Made-in-India’ product (except the cells) developed with a strong local supply chain. (iv) Registration of EVs in State – Registration of vehicles at the State level is another key challenge faced by several OEMs. Currently, vehicle permits are being given for e-3Ws but registration of EVs

has not been a straightforward process, and therefore, there is need to streamline registration process for EVs at the State level.

Collective path for EV adoption

With the right policies in place and partnership of private players working to make EV components and technology in-house, India can

meet the target of having 30 percent sale share of EVs on Indian road by 2030. CES analysis indicates there is a huge potential for growth in the e-rickshaw segment in the next five years as new markets open in Raipur, Indore, Bhopal, Orissa, and other regions. Moreover, the South and North East markets are also expected to open in the upcoming years.

Source: India Electric Vehicles Overview Report 2020-27, CES

The e-auto segment, too, is forecasted to witness exponential growth as many States are planning to convert their existing fleet to electric under their EV policies and offering fresh permits to e-autos only. Moreover, e-commerce and retail giants have also committed to adding e-3Ws to their delivery fleet.

Source: India Electric Vehicles Overview Report 2020-27, CES

For example, Amazon has already announced to include 10,000 e-3Ws and e-4Ws in its fleet, Flipkart is looking to convert 40 percent of its fleet, Ola is aiming for 1 million EVs by 2022-23. Looking at the EV sales in the recent years, it is safe to say, EV revolution in India will be led by e-2Ws, e-3Ws and fleets.

E-3W market in the coming years will not only allow for cleaner forms of first- and last-mile mobility, but also create new employment opportunities and help in the economic upliftment of e-3W drivers, especially women, as we witness their increased participation. The growing penetration of e-3W indicates that 100 percent

electrification in three-wheeler segment could well be a possibility by 2030. [For a comprehensive analysis of the India EV market, secure your copy of the Customized Energy Solutions’ India Electric Vehicles Overview Report 2020-27. Write to: contact@indiaesa.info]

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56 ETN spoke to MD & CEO of Mahindra Electric Mobility, the market leader in e-3Ws category.

MAHESH BABU MD & CEO Mahindra Electric Mobility Pvt Ltd “Mahindra has been investing consistently towards developing EV components in-house and will continue to strive hard to move the world to electric.” Evolution of e-3W market in India In India’s paradigm shift towards EVs, e-3W will play a crucial role as it addresses the crucial segment of last/first mile commute and even deliveries. There are two types of e-3W on sale right now e-rickshaws and e-autos. The e-rickshaws market is mainly concentrated in Eastern and Northern part of India and the industry volumes is estimated to be around 7,000 units/

month in the passenger segment. The segment is highly unregulated and 85 percent of the e-rickshaws plying currently are powered by lead-acid batteries. The e-auto will compete in small 3W segment and is one of the largest segments in the passenger category with volumes of ~30,000 units/month. The Central and various State governments are promoting e-3W space with fiscal and non-fiscal benefits and this has seen an increase in uptake of e-3Ws especially in tier-1 and tier-2 cities. We see e-3Ws as a source of employment as well as cleaner means of last mile mobility. The e-3W segment has also opened a huge customer base of women drivers in the country. Key developments in the past year In the last one year, we have seen an increase in uptake of Li-ion powered e-3Ws, and government policies have certainly helped to make e-3W more affordable and accessible. Given the ease of driving an e-3W, we have seen more women drivers opting for an electric three-wheeler.

India’s e-mobility program cannot be achieved without a strong policy on manufacturing. Under FAME II, Ministry of Heavy Industries and Public Enterprises had released a Phased Manufacturing Program (PMP), which has helped in boosting local manufacturing of EV components including battery packs, power electronics and electric motors. Mahindra has been investing consistently towards developing EV components in-house and will continue to strive hard to move the world to electric. PLI scheme for ACC Batteries The Production-linked Incentive (PLI) initiative by the government is a game-changer and puts India on the global map to develop and manufacture EV technology. The policy supports both OEMs and component manufacturers and will help the industry not only become globally competitive but also Atmanirbhar (self-reliant). It will help the EV industry to reduce its dependence on imports and become a net exporter of EV components and platforms.

Policy and regulatory framework The government policies especially FAME II is a long-term, well thought out policy to promote manufacturing, adoption, and acceptance of EVs in India. We can say, policies like FAME II are helping us take e-mobility to the masses. The success of

Shraddha Kakade Assistant Editor ETN

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Customized Energy Solutions India Pvt Ltd A-501, G-O Square, Aundh-Hinjewadi Link Road, Wakad, Pune-411057. INDIA E: contact@indiaesa.info | P: +91-20-2771 4000 | November-December 2020

E-MOBILITY

Electric four-wheelers: Steering into the next phase of sustainable transportation With the striving thrust from the government for boosting indigenous manufacturing through the Atmanirbhar Bharat initiative, the original equipment manufacturers (OEMs) and allied sectors are gearing up for the new opportunities in India’s evolving e-mobility ecosystem.

he global automotive industry is on the edge of disruption. Four technology-driven trends — electrification, shared mobility, connectivity, and autonomous driving—are leading the automotive industry to this disruption. Out of these, Electrification is of significance and might considerably impact auto OEMs and auto component manufacturers. India has big plans for the emerging EV sector and its technologies. The country has great expectations of accomplishing a high level of penetration in e-mobility by 2030. EVs in India have opened ample business opportunities for automobile companies within the country and across the globe.

The e-4W market in India

India represents the fourth-largest automobile market in the world. The World Economic Forum and Ola Electric emphasized that the Indian automobile industry is one of the fastest-growing markets globally, but it still just makes up 0.5 percent of the global EV market. The EV market is expected to be a `50,000-crore opportunity in India by 2025 and it is expected to drive higher electrification of the vehicles in the medium term, in the wake of COVID-19.

The EV market in India has gained significant momentum after the implementation of FAME India scheme. In FY 2019-20, industry sold ~3000 units. The market has gained traction from the customers with the launch of new high-performance vehicles in the market.

Figure1: Market Share of e-4W Players, 2019-20 Source: CES Analysis, SMEV, Primary & Secondary Research

As per the Society of Manufacturers of Electric Vehicles (SMEV), the sales of e-4W have slumped to 3,400 from 3,600 units sold in FY19. The fall in the sales of electric cars is being credited to the lack of bulk purchases in FY20. However, the electric cars have also started to see traction in the shared mobility segment, though the range of EVs and lack of charging spots continues to be a challenge.

Image for representation purpose only | November-December 2020

The acceptability of electric cars in the premium segment in the second half of the year was a positive signal of a significant jump of a much higher volume of e-4Ws in FY 20-21, according to SMEV. Policy framework: Giving impetus to growth of e-4W market: The uptake of EVs in India is projected to yield diverse benefits for the country, such as lowering pollution levels, enhancing energy security with improved balance-oftrade levels, and meeting global climate-change commitments. The improved use of EVs could reduce CO 2 emissions by 37 percent. To enable the higher and faster rate of adoption of EVs in the country, a clear policy directive is important. Indeed, some key policy decisions to this effect have been taken in recent years, e.g., the National Electric Mobility Mission Plan (NEMPP) 2020, launched in 2013 by the Department of Heavy Industry (DHI), as a roadmap for the faster manufacture and adoption of EVs in the country. Under this plan, the government of India targets to reach sales of six to seven million hybrid vehicles and EVs by 2020. As part of the NEMMP, the faster adoption and manufacturing of (Hybrid) EVs in India (FAME India) Scheme was informed in April 2015, to encourage the manufacture of electric and hybrid vehicle technology. Initially launched for a period of two years, FAME-I, the first phase of the scheme, was extended to a period of four years, until March 31, 2019. A total of `5.29 billion was allocated and utilised under the scheme, a major portion of which was established for demand incentive (about `3.43 billion). To boost wider adoption, buyers

59 were given demand incentive in the form of an upfront reduced purchase price. Phase-II of the FAME Scheme was rolled out on April 1, 2019, to be executed for a period of three years, until March 31, 2022. FAME-II received an enormous outlay of `100 billion, compared to the meagre funding of FAME-I, of which only 60 percent was utilised. Thus, the outlay for FAME-II is almost 19 times more than the fund utilisation of FAME-I. This is a substantial budget jump for a sustained policy and can be accredited to the fact that

the government views FAME-I as a way to set up the stage for enhanced EV mobility. FAME-II will then aim to increase EV adoption in the country. The budget provision also shows the government’s commitment to the EV sector, which in turn can motivate companies, researchers and buyers to assign resources for the sector. The incentives under FAME are valid for EVs fitted with advanced chemistry battery and those used as commercial vehicles for public transportation. Further, there are maximum price and minimum

top-speed requirements, amongst several conditions that must be met to avail incentives. Some of these conditions for FAME-II are different from those for the first phase. Recently, Union Minister for Road Transport & Highways, Nitin Gadkari, conveyed confidence that India will become a major manufacturing hub for EVs and the government is in process of extending all the support it possibly can to the industry. The Ministry of Finance has already revised the Good and Service Tax (GST) rates for the industry at 12 percent.

State EV policy environment

Over ten States in India have final or draft EV policies that support the national e-mobility policies. The States with approved EV policies comprise: Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Tamil Nadu, Telangana, Uttarakhand and Uttar Pradesh. Andhra Pradesh • Aims to have 1,000,000 EVs on the road by 2024 • Complete reimbursement of road tax and registration fees on sale of EVs until 2024 • Replace public transport buses in four cities to e-buses by 2024 and across the State by 2030 • Establish one lakh (100,000) slow and fast charging stations by 2024 • Celebrate ‘green days’ to create awareness among public Gujarat • Aims to have 100,000 EVs on Gujarat’s roads by 2022 • Investment of `50 lakh for installing charging infrastructure in the State • Investment of `800 crore for incentivizing the adoption of EVs in the State Karnataka • Aims to achieve 100 percent e-mobility in auto-rickshaws, cab aggregators, corporate fleets, and school buses/vans by 2030 • Local public transport bus fleets will introduce 1,000 EV buses • Providing incentives such as interest-free loans on the net State GST for EV manufacturing enterprises

• Focus on a venture capital fund for e-mobility start-ups, and the creation of a secondary market for batteries • Set up 112 EV charging stations in Bengaluru Kerala • Aims to put one million EV units on the road by 2022 and 6,000 e-buses in public transport by 2025 • Incentives, such as State tax breaks, road-tax exemptions, tollcharge exemption, free permits for fleet drivers and free parking • Viability gap funding for e-buses and government fleets • Prioritizes EV component manufacturing • Create e-mobility demonstration hubs in a few potential areas such as tourist villages, technology hubs, and major cities’ central business districts Madhya Pradesh • Rapid EV adoption and contribution to 25 percent of all new public transport vehicle registrations by 2026 • Shared e-rickshaws and electric auto-rickshaws incentives: free cost of permits, exempt from / reimbursement of road tax/ vehicle registration fees for

five years, 100 percent wavier on parking charges at any municipal corporation run parking facility for five years • Some cities to stop registering new internal combustion engine (ICE) autos • Ensure safe, reliable and affordable charging infrastructure, and promote renewable energy usage for charging Maharashtra • Increase the number of registered EVs to 500,000 over the policy period • Generate an investment of `25,000 crore ($3.4 million) in EV and component manufacturing and create jobs for 100,000 people • Exempt EVs from road tax and registration fees over five-year policy period • Enable fuel stations to set up charging points through governing regulations • Support for charging infrastructure by planning authorities and electricity supply agencies • Incentives for micro, small and medium enterprises and large manufacturing units • Modify building/property rules to help establish a robust public charging infrastructure in the State

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60 Delhi • Introduce 500,000 EVs in the city by 2024 • Create new jobs including driving, selling, financing and charging of EVs • Offer incentives on buying EVs • New scrapping incentive on exchanging conventionally powered vehicles with new EVs • A large network of charging station, first 200 charging stations by the end of 2021 • Long term goal is charging station at every 3km Tamil Nadu • Electrify 5 percent of buses every year by 2030, and substantially convert shared mobility fleets, institutional vehicles, and e-commerce delivery and logistics vehicles to EVs by 2030 • Convert all auto rickshaws in six major cities to EVs within a span of ten years • Establish a venture capital and business incubation service to encourage EV start-ups

• Re-skilling allowance for employees working with EV manufacturing units • EV-related and charging infrastructure manufacturing units will receive 100 percent exemption on electricity tax through 2025 Telangana • 100 percent road tax and registration exemption for first 200,000 EVs; 5,000 units of e-4Ws and 20,000 electric auto-rickshaws • The companies investing in the development of infrastructure will be offered 20 percent fee subsidy, max up to `30 crore. • 25 percent discount on the power consumption by the charging stations • Around `1,425 crore will be spent toward incentives and 775 acres of land will be made available for EV manufacturers Uttar Pradesh • Roll out nearly 10 lakh (one million) EVs across all segment of vehicles by 2024

• Launch 1,000 e-buses and achieve 70 percent EV public transportation on identified green routes, in identified ten EV cities by 2030 • Phase out all conventional commercial fleets and logistics vehicles and achieve 50 percent EV mobility in goods transportation in identified ten EV cities by 2024 and all cities by 2030 • Establish single-window system in place for all approvals required for EV and battery manufacturing units • Encourage new apartments, high-rise buildings and technology parks to make provision for EV charging infrastructure • Aims to be a research and development hub for EVs by focusing on the next generation of battery management systems, from production to disposal • Work with universities and colleges to promote more research and development in e-mobility

To learn more about the present developments in the e-4W market in India, ETN spoke to two prominent automotive four-wheeler vehicle manufacturers in the country. Following are the excerpts of the discussion.

VIKRAM GULATI Country Head and Sr VP (EA, PR, CSR & CG) Toyota Kirloskar Motor “Role of State governments will be particularly important for creating the requisite infrastructure, having facilitative urban laws and creating an attractive environment for investments for manufacturing of EVs and their parts.”

e-4W market amidst the COVID-19 pandemic In the last few years, India has witnessed a series of measures taken by the government to support the shift to electric mobility. Despite favourable policy measures and increased thrust by the government along with the introduction of more products, the market acceptance of BEVs, particularly in the passenger vehicle segment, remains low due to the challenges of the higher upfront price of EVs, range anxiety, lack of charging infrastructure and low consumer awareness. As per industry data, the sales of electric cars in FY 2019 and 2020 was 3,600 and 3,400 units constituting a market share of 0.11 percent and 0.12 percent respectively. Globally, customer acceptance is the key determinant for the pace of electrification. Besides the essential requirements of performance, quality, durability, convenience and the value proposition, the

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usage requirements determine the customer choice for various electrified technologies (xEVs). Globally, government support coupled with stricter regulations, especially fuel efficiency norms, is leading to a discernible shift to the entire range of electrified vehicles (xEVs) that includes strong hybrid electric (SHEV), plug-in hybrid electric (PHEV) and battery electric vehicles (BEV). The penetration of different xEVs varies in different countries. For Japan, the penetration of SHEVs is approximately 33 percent and growing year-on-year. In the EU, OEMs are deploying BEVs, PHEVs and SHEVs in order to achieve the upcoming fuel efficiency norms or CO2 emission targets. Toyota has led the ranking and posted the best improvement in CO2 emissions in 2019 as compared to 2018. Even in 2020, Toyota was amongst a few large players that continue to reduce CO2 year-on-year

61 thereby being comfortably placed to meet the upcoming stiff CO 2 emissions targets. Even in the ASEAN region, in countries like Thailand, the growth of SHEV sales has been very strong owing to good consumer acceptance coupled with incentives and taxation policies being merit-based and technology-neutral. e-4W sales in 2020 and future trends Today, Toyota is the largest xEV manufacturer with 15 million units (including SHEVs, PHEVs, BEVs and FCEVs) sold globally until March 2020, resulting in 125 million tons of CO 2 emission reduction and 47 million kilo-litres of savings in gasoline. Over the years, cumulatively we have sold over 5,300 hybrid vehicles in India of which over 4,800 units were Camry hybrid vehicles, which alone resulted in CO2 emission reduction of 14.1 million kilograms and fossil fuel savings of 5.9 million litres till date. Going forward our endeavour would be to provide all xEV technologies based on consumer acceptance and demand. With appropriate taxation and supportive policies, our commitment is to provide the best products that meet the needs of the customer and continuously contribute to meet the national objectives and the wellbeing of the environment. Growth of e-mobility Despite tremendous efforts from the Central and State governments to encourage electric mobility in the country through various interventions, which include FAME-II scheme, lower GST as well as several initiatives at State government-level like EV policies, the customer acceptance

Toyota Camry Hybrid EV Source: Toyota Kirloskar Motor Pvt Ltd

for electrified passenger vehicles remains low. The journey for creating widespread charging infrastructure has just started in our country and we have a fair distance to travel if the range anxiety of the consumer is to be adequately addressed. For faster adoption, the existing challenges need to be addressed and one of the biggest issues is the current high prices of EVs. As per most forecasts by 2030, the BEV new car sales are likely to be in the range of 7-15 percent. At this level even by 2030, petrol/diesel cars will continue to constitute a vastly predominant portion of all the cars on the roads. This is not desirable for mass electrification to take place; it is essential to have local EV parts manufacturing ecosystem on a large scale that is globally competitive in terms of price and quality. Challenges in accelerating e-mobility For India, key national goals include reducing imports, fossil fuel consumption, carbon emissions, pollution, enhancing local manufacturing and creating jobs. Alternate fuels and xEVs are key enablers for shifting away from dependence on fossil fuels. The challenge before us is to make certain that as we shift to BEVs, the savings in oil consumption are not nullified by the import of BEV parts and that contribution of manufacturing to GDP is not impacted as is the creation of jobs. For this, we need to ensure that a robust manufacturing ecosystem for EV parts is created along with measures to ensure greater consumer acceptance of BEVs. The customer’s readiness to adopt any new technology is one of the biggest challenges and this is even more severe for EVs. Owing to lower consumer acceptance of EVs it is essential that all xEVs, which include SHEVs and PHEVs, are also supported proportionally by government policy. This will facilitate investment viability for local EV part manufacturing through the aggregation of demand of these parts, as all xEVs have common EV parts. Therefore, securing a

significant tax rate gap between SHEVs and petrol vehicles in the short term and migrating to carbonbased taxation (GST) in the midterm will be critical to bring down the prices of all xEVs substantially and will enable wider consumer acceptance, which in turn can catalyse the creation of a vibrant and self-reliant EV manufacturing eco-system in India. In addition, to resolve issues of range anxiety a ubiquitous and widespread charging infrastructure needs to be put in place. Scope for indigenous manufacturing Indigenous manufacturing is essential for realising the national objectives of reduction of imports, energy security, economic growth and creation of jobs for millions of young Indians. However, at present e-mobility is in a nascent phase in India and most of the EV power train parts are imported; the auto sector is also heavily dependent on import of electric and electronic parts as these are not domestically manufactured. Supportive policies that are technology-neutral, and supply-side incentives from the government can help facilitate the creation of the local manufacturing eco-system and self-reliance. Toyota Kirloskar Motor in India has always focused on creating a strong local manufacturing ecosystem. Over our two decades of existence, we have heavily invested in creating world-class and scalable processes and people across our value chain. At present, our flagship products have achieved over 85 percent of localization and our endeavor is to achieve greater heights. As pioneers of electrified technologies, our focus is to push for mass electrification, which can be created only by encouraging localization of electrified vehicle parts. We hope that with supportive technologyneutral government policies, including an adequately favourable taxation regime for all xEVs, we will be able to realise our objective of mass electrification with a focus on ‘Make in India’.

November-December 2020 |

62 PLI scheme for ACC battery The production-linked incentive (PLI) scheme announced by the government for ten sectors will provide the required boost for the Atmanirbhar Bharat mission. The scheme can potentially help attract large-scale investments that can facilitate the introduction of latest technologies, processes and manufacturing at global scale thereby sharply enhancing local manufacturing capabilities, boosting exports, accelerating economic development and creating jobs. Currently, the Indian automotive sector accounts for nearly 49 percent of manufacturing GDP and is very competitive. The government

TATA MOTORS “Product actions are always important for growth of the industry and with new EV product launches by various OEMs, we witnessed a lot of excitement in the market. The industry is also investing aggressively in technology and towards building the ecosystem.” E-4W market amidst the COVID-19 pandemic EVs (BEVs) are imperative for India given the acute problem of pollution and ever-increasing import bill. Taking cognizance of this fact, the government of India has set a target of achieving 30 percent penetration in new car sales by 2030. In line with intent, the government has also come out with the policies and incentives (fiscal and non-fiscal) to support the development of an EV ecosystem in India. In addition, multiple OEMs have announced EV models in the coming years and multiple ecosystem players are coming forward to address the concerns of charging, financing, etc. Given all these actions, and reducing the cost trend of critical sub-systems like batteries, we think that EVs will become mainstream in the next decade in India.

has earmarked a major share of the incentives for this sector which will go a long way in making India the global hub of automotive manufacturing and exports. Besides, the incentives for manufacturing of advance chemistry cells (ACC) will give a boost for creating a global scale domestic manufacturing ecosystem for the most expensive part of an EV i.e., advance batteries. This will contribute significantly towards creating an ecosystem for the faster introduction of affordable EVs in the country. State EV policies Various State governments have introduced EV policies with the

Indian EV industry caters to two prominent segments: fleet and personal. In FY20, 67 percent of the total industry sales came from fleet segment which is witnessing subdued demand on account of work from home measures instituted by corporates, and reduction in business of mobility service providers owing to COVID-19. As a result, at the end of H1, fleet industry is down by 82 percent on a lower base of FY20. However, personal segment has seen a good uptake in volumes on the back of new product launches. At the end of H1, industry has sold 1774 units of EVs to personal segment customers as against mere 181 sold in H1 FY20. Personal segment of Indian passenger vehicle industry is 7-8 times larger than the fleet segment. Thus, even lower penetration in personal segment will be a huge upside for the nascent EV industry. E-4W sales in 2020 and future trends Tata Motors is one of the market leaders in the EV segment with 67 percent market share H1-FY21. We have proactively identified evolving needs of both fleet and personal consumers and have come of up with right product interventions which are propelling the growth of EV industry in India.

| November-December 2020

aim of encouraging their adoption of EV, and to attract investments for manufacturing of EVs and their parts. These efforts of the State governments will greatly add to the measures being taken by the Central government. Role of State governments will be particularly important for creating the requisite infrastructure, having facilitative urban laws, and creating an attractive environment for investments for manufacturing of EVs and their parts. As in the case of Central government policies, we believe that States also need to adopt a technology-neutral approach with proportionate benefits for all xEVs, for mass electrification to take off.

Growth of e-mobility Although the EV industry has grown significantly in H1 of FY21, the growth is solely driven by personal segment. Fleet segment, which got impacted owing to work from home measures, continues to witness restrained demand. Product actions are always important for growth of the industry and with new EV product launches by various OEMs, we witnessed a lot of excitement in the market. The industry is also investing aggressively in technology and towards building the ecosystem. This, along with reducing battery costs will certainly boost the sector in coming times. Moreover, the demand for EVs will see a significant jump owing to upcoming emission norms such as CAFÉ, BS-VI Phase II and RDE. Challenges in accelerating e-mobility There are principally two challenges: • First, EV battery cost continues to be a dominant aspect of vehicle

Nexon EV by Tata Motors Source: Tata Motors

63 electrification. As the conventional IC powertrains are replaced by Li-Ion battery, motor and reduction drive, the cost of the propulsion system goes up significantly. This means, despite FAME incentives, the on-road price of a typical B segment car is well beyond the expectations for a retail customer, eventually limiting its penetration. Optimizing costs of the electrical drive systems and providing a commensurate payback in terms of reduced operational costs are the major challenges for OEMs including Tata Motors. • Another challenge is the absence of electric charging infrastructure for EVs in India. Customers are reluctant to take on an EV with the uncertainty of being able to re-charge the batteries. State EV policies EVs (BEVs) are imperative for India, given the acute problem of pollution and ever-increasing import bill. Taking cognizance of this, the government of India has set a target of achieving

30 percent penetration in new car sales by 2030. FAME I and FAME II schemes along with several other tax benefits, including reduced GST are acting as catalysts and are driving the adoption of e-mobility in personal and public transportation. Way Forward The EV segment in India has gathered momentum in recent years, but a mismatch in intent and action has resulted in limited on-ground adoption of EVs. However, the expected growth of the automobile sector (especially in the personal-mobility space), due to the ongoing COVID-19 pandemic and people’s increased understanding of vehicular emissions, generates massive scope for the exponential growth of the EVs industry in India. Essential decisions and investments are necessary to facilitate this. As the government announces stimulusbased investments to alleviate the outcome of the pandemic, the EV sector must be made a beneficiary as well.

For the EV sector, the government should work towards developing an ecosystem across the value chain. Now more than ever, policy actions with a long-term vision have become critical. It is important to enable a holistic growth for the EV sector and develop a strong EV value chain in the country. This will also support the government’s objective of the country becoming self-reliant and enhancing domestic manufacturing. India is a large market for automobiles and with a paced transition to EVs, the country can enhance local manufacturing, lower oil dependence and consumption, and indeed enable a global clean transition.

Moulin Oza Assistant Editor ETN

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E-MOBILITY

E-bus to drive electrification of India’s public transport Research has found that versus other transportation, buses emit just 10-25 percent of CO2. An e-bus will further reduce emission.

nough has been said about environment and global warming - cities akin to gas chambers, a 2°C rise in global temperatures, rising sea levels, carbon reduction commitments and the rest. In the end it was the coronavirus that really forced the world to sit up and listen to Earth, it showed the world what needed to be done, how, and that it was possible.

Advantage e-bus

So, the world has come to see that the e-bus is crucial to cutting tail-pipe emissions and that electric transit is no more an option but an obligation. Government of India is moving full throttle to fulfill this obligation through its FAME India Scheme and to bring e-buses onto Indian roads. Although implementation is on track, hurdles typical to a nascent venture define the industry at present – high cost of an e-bus, inadequate charging infrastructure, high battery cost, instability of batteries under high Indian temperatures, ongoing research to improve this; research in new chemistries for cathode and anode. All this, and more, is work-in-progress.

the restructured cities would need to prioritize an adequate transit system. That the government is serious about this was stated by Union Heavy Industries Minister, Prakash Javadekar in September 2020 when he said, "Already 450 buses are plying in various cities. Now 670 e-buses are sanctioned. Maharashtra has got 240, Gujarat has got 250, Goa has got 100 and Chandigarh has got 80. Kerala and other States have also got e-charging stations because all those corporations who are completing the formalities, we are sanctioning e-buses for them."

Faster Adoption and Manufacturing of Electric VehiclesPhase I & II

The FAME India Scheme Phase I launched till March 31, 2019 by the Ministry of Heavy Industry and Public Enterprises and operated by Department of Heavy Industry (DHI), increased the share of hybrid and EV passenger vehicles from zero in FY 2012-13 to 1.3 percent in the FY 201516. The EV industry sold 156,000 EVs during 2019-20. According to the

Society of Manufacturers of Electric Vehicles (SMEV) the sale of EVs in India increased by 20 percent in 2019-20, mainly driven by rising sales of two-wheelers. As per a PIB posting, in this first phase about 2,80,987 hybrid and EVs were supported by `359 crore of demand incentive. DHI sanctioned 425 electric and hybrid buses to various cities at a cost of about `280 crore and 520 charging stations for around `43 crore in certain cities under FAME I. DHI notified FAME II from 1st April 2019 for three years with a budget of `10,000 crore giving priority to public and commercial vehicle segments as well as demand incentives. The adoption of over 7,000 electric buses by State transport undertakings (STUs) by 2022 is supported by a sum of `3,545 crore as part of FAME-II’s `10,000-crore budget. DHI sanctioned 5600 e-buses to various STU’s under the scheme. The procurement process of 2500 buses, is already completed and approved for subsidy; further contracting is still underway. DHI invited expression of interest under FAME II for electric city bus services on an operating expense

India is expected to have more than 68 cities, each with over a million population by 2030, all requiring an efficient and electric public mobility system. An effective ratio for a transport system is between 100-200 buses per 100,000 people. India lags with just 50. For its population density, India would need 12,000 to 15,000 e-buses every year till 2030. A bus system is a very versatile intra-city transport system and can be easily scaled with the growth of the city. A massive return migration of rural workers in search of livelihood will flood Indian cities post pandemic. Together, with new working norms,

Figure 1: E-bus tendering under FAME Scheme.

| November-December 2020

Source: CES

Demand/Requirement vs success

65 basis, also known as the Gross Cost Contract (GCC) model. DHI sanctioned 5,595 e-buses to 64 cities in September 2019. Clear eligibility terms for sanction state that the selected City/STU has to initiate the process of procurement within a fixed timeframe for the buses sanctioned under FAME II criteria will be eligible for funding. It is stipulated that these e-buses are to run about four million kilometers during the contract period. By January 2020, about 30 cities were awarded contracts for 2,000 e-buses under the scheme, while another 20 cities were at various stages of finalization of contracts for about 1,900 e-buses. As the scheme expired in January 2020, those subsidies allocated to cities which failed to procure around 1,500 electric buses under the scheme initiated in August 19, were reallocated. Nor were the cities allowed to participate in the reallocation bidding process, people aware of the development said. The Center reallocated subsidies of 18 cities to STUs. This measure ensures only serious players are allocated subsidies and that transparency is maintained.

FAME-II success

In January ’20, DHI sanctioned 425 electric and hybrid buses to various cities at a cost of about `280 crore. As per a May 2020 report by SMEV, 600 e-buses were sold in India in FY-19-20 up from 400 the year previous. Inter-city travel also received 400 e-buses, and the first inter-city electric bus service with a range of 300km between Mumbai and Pune was inaugurated in February 2020. Maharashtra, Uttar Pradesh and Gujarat have been sanctioned 725, 600 and 550 e-buses respectively for the next 4-5 years, a 35 percent of total e-bus orders in India.

Nitin Gadkari during the Hindustan Times Leadership Summit Source: HT Photo

Union Minister of Road Transport and Highways, Nitin Gadkari reiterated the government’s plans for EVs at the Hindustan Times Leadership Summit 2020. “I am speaking about a transport model:” he said, “The expenditure of a BEST diesel bus in Mumbai is `115 per kilometer. In the latest tender in Pune with contracts for electric buses, the cost per kilometer is `50. We are already giving priority to the public transport system running on electricity and are developing special e-buses like cable or trolley buses as well as electric doubledeckers. We are undertaking a pilot project to make the Delhi-Mumbai corridor into an e-highway.”

Hurdles to achieving FAME

Certainly e-buses are now at the starting line of a swift take-off in India. However, at a micro level a number of speed breakers need to be removed. An effective and well thought out EV policy is a base requirement and industry is vociferously demanding a longterm roadmap with clear timelines to direct the conversion to e-mobility. Tenders are often unclear and should be formulated in dialogue with STUs in order to adequately meet local needs. Withdrawal due to faulty tendering is rife; high bids are another problem; factoring in the higher cost of e-bus vs a CNG one and current high battery costs are all deterrents. Contracting of e-buses in India is new and many wrinkles need to be ironed out. For example, funding needs to be specifically calibrated to match battery life; tenure and payback timelines for operators - they

require low and long-term funding and timely payment. The various departments should coordinate on responsibility for infrastructure for example, on route arrangements, staffing qualification, etc. One great positive has been cost optimization due to FAME II’s condition for 50 percent localization - it has led to the successful manufacture of numerous e-bus components, battery packs, motors and inverters, AC systems and more. At the macro level consideration should be allowed that the battery manufacturing industry faces a learning curve to manufacture reliable, road-tested products. Grid and charging infrastructure are also evolving technologies with limitations and stability challenges. Government institutions have to make the shift from rigid financial management-models to a risky new cost-structure, which is more expensive up front, but cheaper over time.

Electric wheels on the road

Despite potholes the rate of e-buses across different States has risen to over a thousand by end March 2020. By 2022 India could add almost 6500 e-buses. This rise in e-bus sales is largely due to aggressive governmental promotion through FAME India. Pune became the first Indian city to convert a bus depot to all electric: The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) now parks only e-buses there. As of November 2019, up to 133 EVs have been deployed across the city in the first phase of its e-bus program. PMPML has signed a

PMPML e-buses at Pune Source: PMPML November-December 2020 |

66 India’s severe shortage of public transport, introduction of e-buses would have eased traffic-congestion and pollution in a single stroke. Fleets could take advantage of government support to help beat the high initial costs of e-buses. This would have enabled the e-bus to lead the way on the electrification of other commercial EV segments. The passenger segment could have made a delayed entry, giving the automobile sector time to balance its accounts as well as to research and develop electric car models. Growth in the two and three-wheeler segment startups - lowcost intra city transport - would have boomed from continuous support through FAME I and II.

Post pandemic move towards self-reliance

The dent that the pandemic inflicted on

Glitches in FAME India shared mobility has been significant scheme but not obstructed the entry of the The lack of a clearly defined Electric Vehicle Policy by the government has stunted the growth of e-mobility in the country and failed to take off in proportion to the expense incurred. The FAME I’s attempt to incentivize the purchase of an unknown, expensive and almost unavailable e-car, the lack of infrastructure to charge it, the inability to travel long distance, was poorly conceptualized and premature. The second goal to setup charging infrastructure throughout the country, was a textbook case of chicken-and-egg casualty. This learning experience came at a cost outlay of `8.95 billion ($126.2 million). EV as a whole is yet to pick up in the country, since in the initial planning the cart was placed before the bull. FAME II was notified with special focus on electrification of public and shared transportation. This aspect of the FAME Scheme should have been introduced first and targeted intra city. The promotion of the passenger segment under FAME I has brought the government under heavy pressure from an automotive industry in trouble, and which is additionally staring at competition from the upcoming EV sector. FAME I could have promoted electric transit at the outset and it would have gone uncontested. With

e-buses into the public transport system. India’s severe shortage of public transport gives the FAME Scheme ample scope to support India’s transit to electric. Market reports predict a healthy growth of around 40 percent in the Indian e-bus segment. With India looking at 30 percent emission cut by 2030, and Phase II’s massive subsidy support, the country is an attractive investment destination for e-bus makers. The drive is also part of incentivizing the private bus manufacturing sector where local production is supported by the phased manufacturing program (PMP), which runs till 2024. It will build up India’s supply chain, spurred by the Center ’s clear timelines for the localization of components. Although the reduction in Goods and Services Tax from 12 to 5 percent eases import of parts, it will be swiftly increased in the coming year. The newest support to self-reliant manufacture has been initiated through Production Linked Incentive, which has included advanced chemistry cell battery (ACC) in the energy storage sector with a financial outlay of `18,100 crore. It will provide a tremendous boost in promotion of EVs. The same PLI scheme has allocated `57,042 crore to automobiles and auto

| November-December 2020

components. FAME II has also put forward the importance of setting up gigawatt scale manufacturing units.

Success sorties of India’s top e-bus manufacturers

Urbanization in India is on the rise and will create a parallel demand for effectual commuting options since half of the country’s population uses public transportation. Participation in building up the country’s public e-transport sector is open to the best bidder. India’s ability to deliver in the e-bus department is demonstrated by a number of e-bus manufacturers that include JBM-Solaris Auto, Ashok Leyland, Tata Motors, Foton PMI, Goldstone Infratech, among others. Figure 2 illustrates control of market share of various e-bus manufacturers in India:

Source: CES

GCC with the manufacturer, Olectra Greentech and its Chinese technical partner BYD. The e-buses are owned, operated and maintained by their manufacturer. PMPML schedules and tests the buses for their range, power consumption and charging times. FAME II is sanctioning the transit to e-buses under this scheme. NTPC Vidyut Vyapar Nigam Ltd, a wholly-owned subsidiary of NTPC, which is India’s largest power utility, has signed an agreement with the Department of Transport of Andaman & Nicobar Islands to deploy 20 air-conditioned e-buses in the Union Territory. The company is offering a complete transport solution, including collaborating to set up public charging infrastructure on the Island.

Figure 2: Market share of various Indian electric-bus brands.

The case for electric public transport has gone global and the green-bus is the flavor of the future. Major growth in the e-4W segment will be from the e-bus, with electrification of road transport in top gear. After a severe COVIDinduced dip, markets expect over 10 percent surge in the e-bus segment in 2021. Electric transit will be driven mainly through central government support as has been demonstrated by the FAME I and FAME II scheme, which have been the key drivers of the e-bus market in India.

Kathy Priyo Contributing Editor ETN

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E-MOBILITY

EV charging infra in India set for expansion It is now being realized with almost finality that e-mobility along with RE can help the world reach the target of global temperature reduction by the turn of this century. With this backdrop, it is prudent to take a pause and reflect on how we, as a nation, have fared in adoption of e-mobility during the year 2020.

he year 2020 would be etched in our memory forever, though most of us would love to forget it. However, the outbreak of the pandemic and the associated changes it forced in our behavior, have brought forward certain narratives to mitigate the impact of climate change. One such narrative is electric mobility. This article is confined to the analysis of EV charging infrastructure that has been one of the major impediments for adoption of e-vehicles, particularly for 4Ws like cars and buses.

Positive developments

The EV charging industry started the year with a very positive development, which happened in the 4Q2019 – Ministry of Power revised the Public Charging Infrastructure guidelines issued on December 14,

2018, after receiving suggestions from various stakeholders. These guidelines brought clarity to the discourse around the charging standards to follow for rapid proliferation of EVs in the country. This set at rest the ongoing debate on type of socket to be used by EV OEMs. Also, the flexibility of putting as many chargers as investors want, at any location would help an EV user find chargers closer to their location. The expectation that the State authorities would undertake Statelevel planning for identifying potential charging stations and augmenting upstream electricity infrastructure, will help potential CPO (Charge Point Operators) agencies to plan for setting up charging stations. The creation of an online database for EV charging stations will help governments, OEMs of EVs and EVSE (EV supply equipment), CPOs, and Discoms optimally plan their respective resources.

Supportive EV policies

AWADHESH JHA Vice President Fortum Charge & Drive

When we opened our eyes in year 2020, we were greeted with the positive news of DHI having made the decision of allocating 2600 EV charging stations across 62 cities in the country. Though the follow up action by the agencies that were allotted these concessions halted, due to the pandemic outbreak and consequent nationwide lockdown for 54 days. This set the tone for the climate change narrative and lifted the spirits of the industry and EV users. This was followed by another EOI by DHI for setting up EV charging stations along highways/ expressways in October 2020. Post lockdown, Delhi and | November-December 2020

Telangana came out with their EV policies. Delhi EV Policy is considered to be an enabler for demand creation. One of the favorites is the provision for creating charging infra where locations shall be provided for setting up charging stations. Access to location along with adequate electricity are two critical elements for having a robust public charging infra for mass adoption of EV in India. Telangana EV policy caters to various segments of e-mobility – from OEMs to charging infrastructure players to EV users. Another important policy announcement came from the government

69 of India, where it allowed sale of 2- / 3-wheeler EVs without battery. This is expected to support the battery swapping business, though one needs to be watchful for a year or so to see how it translates on ground.

Setting the charging network

As most part of 2020 was affected by COVID-19, installation of chargers got affected in the year as well. However, the stage is set for huge expansion of network in the coming year. The 2600 charging stations under DHI scheme should be in use by end of next year. Various players (including Fortum India) would also be taking lead from the private sector in adding to the growing network of infrastructure. As per the Global Energy Outlook 2020 report published by the International Energy Agency, there are about 1800+ charging points in India. The network has all types of chargers ranging from 3.3 kW to 50 kW CCS/CHAdeMO chargers,

catering to various kind of EVs. This is in addition to captive charging deployed by various OEMs for their products and fleet operators. Additionally, various car makers are also installing AC chargers at home of EV buyers. When these steps are viewed along with various measures taken by the government over the past couple of years to expand the charging infrastructure network, we see that India as a country has taken decisive steps to make EVs mainstream in short to medium term. The first and very significant step was to treat EV charging as a service. On the April 13, 2018, the Ministry of Power announced that the setting-up of charging stations would be de-licensed. This was a positive move, intended to create a competitive market where any individual or business entity (private or government) could set up charging stations. The other positive step was to treat ‘EV Charging Station’ as a separate category under Tariff Order by electricity regulators. The expectation that the electricity

regulator will determine the tariff for the power supply to EV charging stations in accordance with the Tariff Policy under Electricity Act 2003 will standardize input power cost.

Creating power balance

India, like almost every major economy of the world, is working towards a sustainable future where the use of fossil-based vehicular fuels will be significantly less than at present, if not completely stopped, so as to minimize overall emission. EVs will thus have a very important role to play. Moreover, with the government pushing for the growth of solar energy, EVs will also serve to balance the power grid by drawing power from the grid during peak generation hours, storing it in their battery when not running, and transferring it back to the grid when needed. (The author of this article is Awadhesh Jha, and the views expressed herein are his own.)

Image for representation only

November-December 2020 |

STATE FOCUS

Tamil Nadu – clean energy leader in the making The State of Tamil Nadu has already proven itself as a leader in renewables penetration in India. Taking its ambition of becoming a clean energy leader a notch higher, the State has now started taking measures for attracting EV manufacturers and promoting EV adoption as well.

Muppandal windfarm in Tamil Nadu. With a total capacity of 1500 MW, it is the largest wind power plant in India. Source: Twitter, Dept. of Tourism, Tamil Nadu.

amil Nadu is one of the few The State, though, has its own set the leader in renewables penetration States in India with very high of challenges and continues to work in India. potential for renewables. to address them. It was recently The State is blessed with boun- adjudged as the top State in terms Leading RE penetration tiful renewable resources, high- of investments during the COVID Let us start with the story of the resource sites and coastal regions period (CARE Ratings). All these State’s growth as the leader in which also gives it the benefits of things put together, makes TN a renewables penetration in India. TN offshore wind. The growth of renew- State that warrants deeper analysis has been in the forefront in terms ables in the State has been a well- and understanding of its nuances as of the total installed wind capacity known example in the renewables TN Present Power Generation Scenario – FY 2019-20 sector. TN Present Power Generation Scenario – FY 2019-20 TN has been the leader in wind generation and is also fast catching Fuel Wise Generation Share (%) FY 2019‐20 Fuel Wise Installed Capacity (%) FY 2019‐20 up in the solar capacity race (at Rooftop Solar Pumped Storage Plants 1% 1% present it is the fourth largest State Grid Scale Solar in India in terms of solar installed 14% Coal capacity). In terms of the overall 32% renewable capacity, the State is the top-most in India and 9th in global 28,672 MW 1,10,967 MUs renewable energy output. The State has also been quite proactive in Wind welcoming new ideas and concepts. 32% Gas 4% In 2019, the State government rolled Nuclear out its electric vehicle policy and in 6% Hydro Baggasse a welcome move, more recently, it 7% 3% brought down the registration fees and road tax for EVs to zero. Source: Energy Policy Note 2020021, SRLDC Reports Source: Energy Policy, SRLDC Reports Import 19%

Coal 41%

Solar 7%

Wind 18%

Bagasse 0.02%

| November-December 2020

Nuclear 9%

Gas 2%

Hydro 4%

71 Increasing Penetration in the State Increasing RE Penetration in theRE State

Renewables Growth Trend - Tamil Nadu Renewables Growth Trend ‐ Tamil Nadu

12000

25% 23%

10000

20% 18%

Capacity (MW)

8000 16%

16%

15%

6000 11% 4000

2000

10%

9304

8969

8197

7861

7598

3974 1119 2015‐16

1907

1692 2016‐17

2017‐18

2575

2018‐19

2019‐20

Financial Year Wind Installed Capacity (MW)

Solar Installed Capacity (MW)

% RE Penetration (Gen.)

Source: Energy Policy, MNRE Annual Reports

Source: Energy Policy Note 2020021, MNRE Annual Reports

in India. The State also enjoys a very high potential wind generation of 68.75GW (at 120 mt) and solar generation of 17.67GW capacity. It also has a potential of 31GW of offshore wind capacity. As on date, the total installed power capacity of TN is 28,672MW out of which 32 percent comes from coal while 47 percent comes from renewables, led by wind at 32 percent. In terms of generation, the State recorded an annual generation of 1,10,967 MUs in FY 2019-20. At present, coal dominates the grid in terms of generation at 41 percent, whereas renewables contribution stands at 24 percent of the generation in the State. As per the ‘State Energy Policy Note 2020-21’, the State has planned an expansion of 14.6GW for coal till 2030, while in the ‘National Electricity Plan of 2018’ there is a suggested retirement of 3.1GW of coal plants in the State due to nonavailability of space to install Fuel Gas Desulphurizer (FGD). The State energy document projects a planned addition of around 6-7GW of other fuel mixes including hydro, gas, nuclear and pumped hydro. Also, as per the State Solar Policy, the State government plans to achieve 9,000MW of solar PV capacity by 2023 (today it stands at 3.9GW). The State does not have any specified target for wind capacity (as on date, the installed capacity is 9.3GW). Deducing the State RE targets from the Central government target of 175GW of renewables by 2022, the State allocation of wind and solar capacity by 2022 stands at 11.9GW and 8.8GW respectively.

The exiting CAGR (2016-2019) for wind and solar is 6 percent and 33 percent. The YOY growth though has especially been remarkable for solar, which in 2015-16 was at 1.1GW, and stands at 3.97GW as on March 2020. The last two years saw YOY growth of 35 percent and 54 percent for solar. The growth of wind has been low, with the last two years seeing growth of 9 percent and 4 percent respectively. As discussed earlier, the State has been supplying 23 percent of its total energy demand though renewables. The generation share too has seen significant increase from 18 percent just a year back. Overall, the State power sector has been well balanced till now, though there have been instances of renewable curtailments (especially for wind – 30 percent annual) and there has been a decreasing annual PLF trend for the coal fleet which points out to situations of greater RE curtailments and lower utilization of coal in the coming years, with more and more renewable penetration being targeted for the State.

Overcoming challenges

As per Central Electricity Authority of India’s Load Generation Balance Report (LGBR), the State was energy excess and had a slight peak deficit in 2019-20, but is expected to be both power and peak surplus for 202021. The State power scenario today stands at a critical juncture where addition of further renewables to the State will also increase the chances of higher renewable curtailments. At the same time, there would be

additions of other fuel mixes too that the State has planned. Over and above this, there has been an increase in Discom payables, which as of date stands at 64 days (power sale receivables) and 104 days for power purchase payable days. Thus, it becomes very essential to make all moves in days ahead in a planned sustainable approach so that we do not end underutilizing any of the resource present in the grid fuel mix. Some of the challenges ahead of the State for increasing RE penetration are: ■ Increasing RE curtailment in the State - RE curtailment over the past few years has been around 30 percent ■ Inadequate Grid Availability TN being an RE rich state, the constraints are more pronounced during high resource periods, i.e. monsoons ■ Coal fleet in the State is more prone to operating flexibly to absorb increase in renewable energy levels ■ There is a planned addition of 14.6GW of new coal plants in the State as per the State Policy documents. The addition of such capacity will yield to further grid constraints ■ Going by State and Central level targets, the renewable penetration in the State will further increase, and with demand not increasing in comparison there can be risks of grid balancing events

Accelerating EV adoption

Let us move to the other aspect the increasing proponent of clean energy in the State, namely, electric vehicles. TN launched its EV policy in 2019, which remains valid till 2029. As per the policy, the State targets to attract a total of $7 billion of investment in EV manufacturing in the State, and is looking to create 1.5 lakh new jobs. It has put forward plans to provide 20 percent capital subsidy on battery manufacturing and 15 percent capital subsidy on EV component manufacturing in the State. There is more in store; TN has also proposes to provide subsidies on cost of land with 50 percent in

November-December 2020 |

Targets 32,000 buses, mini‐buses and vans run by educational institutions will be encouraged for EV transition.

promote conversion of all Auto Rickshaws in Chennai, Coimbatore, Trichy, Madurai, Salem and Tirunelveli within 10 years.

To replace 5% of STUs buses and introduce ~1000 e‐buses every year.

One slow‐charging unit for every e‐ bus and one fast‐charging station for every 10 e‐buses.

Incentives to EV Buyers 100% road tax exemption till 2022.

Waiver on registration charges/fees.

southern lands and 15-20 percent in other districts. It has also declared 100 percent SGST reimbursement for EV manufacturing and 100 percent stamp duty exemption along with 100 percent electricity tax exemption. To create enough demand and to accelerate it, the State has declared 100 percent road tax exemption and waiver on registration charges / fees in various categories of EVs. For commercial EVs such a taxis and tourist cars, permit fee will be waived and subsidy provided to STUs; and for e-3Ws, permit fee will be waived off. Similarly, for light good carriers where there will be no need of separate permits. To develop a sustainable EV eco-system, the State government has proposed having yellow/ green number plates for EVs along with bringing along changes in building bylaws to encourage having charging points in all new buildings apart from giving support for research and development along with skill development activities. Apart from the above the State also aims to replace 5 percent of buses per year to e-buses and instal one charging station at every 25kms interval on both sides of the national highways. The State government has also declared that tariffs for charging as determined by Tamil Nadu Electricity Regulatory Commission (TNERC), will not be more than 15 percent above average cost of supply (fixed tariff). It also proposes supplying renewable energy on preferential basis for EV charging stations with zero connection cost. The State has also been encouraging a lot on the skill development and R&D front. The

Taxi permit fees waived off till 2022. Open Permit System for approved e‐auto permits.

policy touches upon redesigning curriculum in Electrical and Electronics, Mechanical and Automobile courses, short term (4-6 months) courses in select engineering colleges and premier technical institutes with TNSDC. It also states the need of working groups for development of necessary technologies. EV venture capital fund, incubation centres providing office space, common facilities, and mentoring support along with development of Centre of Excellence for research on battery technologies, battery management, EV motors and controllers. To make the growth of EVs more sustainable, the policy also talks about encouraging re-use of EV batteries, setting-up of recycling units in collaboration with battery and EV manufacturers and discouraging disposal/dumping of EV batteries in trash and landfills, while adopting suitable methods of disposing and recycling of used EV batteries.

Go-to-destination for EV players

With all this in place, the good news is that TN has placed itself on the radar for EV manufacturers who are looking to expand capacity and scale-up with tax concessions rolling their way. Among the companies that have shown keen interest are e-2W companies like Ampere Vehicles, Okinawa Ltd, and swappable battery and charging infrastructure company SUN Mobility. For Okinawa, the south comprises 60 percent of all e-2W sales and TN alone makes up 20 percent of that market. The company sold 1,000 EVs in Tamil Nadu in this October itself.

| November-December 2020

No requirement of permit for 3W goods, e‐carriers and electric light goods carrier.

On the charging infrastructure part, the State government recently announced MoUs with Li Energy for `300 crore and Grinntech for `90 crore. According to SMEV (Society of Manufacturers of Electric Vehicles) Tamil Nadu’s4 total EV sales are around 5,000 units per annum with e-2Ws dominating the pie. Industrialists believe that the tax exemption will translate into more than `2,400 off for `60,000 on e-2Ws and an additional `50,000 off for an e-car. Today, TN accounts for 4 percent of total EV sales in India. While the efforts by the State of TN are laudable, one question that looms large is: with India’s current EV penetration level being as low as 0.16 percent, will these incentives and subsidies provide enough encouragement for investors and developers along with end users to be motivated for the transition? That is a difficult question to be answered but it will put away some of the inhibitions present today. Overall, the State looks ready for the transition with all ground work being done, now it’s all over for execution of these plans in a sustainable way so that like its surge and growth in renewables, the State also takes a lead in the EV race in India.

Debmalya Sen Senior Consultant CES

IESA

India Energy Storage Alliance

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ENERGY STORAGE

2020 the foundation-laying year for energy storage It is time we look at the leading indicators rather than the lagging ones when it comes to implementing projects with energy storage. Else, we stand to lose out on yet another landmark opportunity to be a market leader.

Source: ETN

he year 2020, will remain with all of us as a metaphor in life. As we have often heard people say: “Oh! It is 2020, anything but normal can happen.” Of all the terrible things that happened throughout the year, one silver lining has been the growth of renewables and energy storage during this period. Renewables has been the only power-generating source which showed increase by 1 percent in generation share w.r.t 2019, while other sources like coal, oil, gas all saw decline.

GW (1 GW increase from 2019) of wind capacity is installed in India. The current pipeline of solar, wind and hybrid projects stand at 49 GW (in various stages of implementation) and 27 GW in various stages of bidding. This year also saw many enablers being brought to the table, from competitive bidding guidelines for

The Indian Grid

Gas 6.7%

Diesel 0.1%

Nuclear 1.8%

GENERATION MIX

Renewables 23.9%

Biomass 1%

Over the past five years, India saw tremendous growth in renewables in addition to the grid (51 GW between 2015 and 2020). The maximum yearly addition was seen in 2017 (37 percent YOY growth), but ever since the year-on-year addition dropped, with only 4 percent growth YTD in 2020. This year, in

INSTALLED CAPACITY MIX

Renewable mix capacity

spite of the disruptions propping up due to COVID-19 pandemic, we witnessed India’s renewable capacity installation reaching 89.3 GW with wind being the major contributor with 43 percent share in the total renewable mix, followed by solar with 40 percent. As of October 31, 2020, about 36 GW (2 GW increase from 2019 levels) of solar and 38

373 GW

135 GW

Other 36.2%

Wind 5%

Solar 3%

Hydro 12%

Coal + Lignite 55.2%

Nuclear 3%

Hydro 12.3%

Small Hydro 5%

1383 TWh

Gas 4% Solar 40%

Renewables 36% Thermal 62% Nuclear

2% 30‐11‐2020

89 GW

Wind 43%

Bio‐Fuel 12%

Pipeline: 45.11 GW in implementation, 28.43 GW in Bidding

Pipeline: 45.11 GW in implementation, 28.43 GW in bidding

| November-December 2020

Coal 72%

ES capacity & projects

There were also new tenders which were introduced from renewable hybrids with storage (SECI 1.2 GW peaking tender) to RTC tender (SECI 400 MW RTC tender) to RE + thermal tender (SECI, 5000 MW tender) to many small-scale solar with storage tenders mainly for remote areas like Leh, Ladakh, Chhattisgarh, Lakshadweep, Andaman and Nicobar Islands. All these have in some way made the industry believe in the potential that energy storage holds for India in days to come with NITI Aayog itself seeing requirement of 630 GWh of storage capacity in India by 2030. IESA’s projections (IESA Annual Energy Storage Market Overview) indicate a capacity of 328 GWh for stationary side only by 2027, with an increasing pie of renewable penetration in the same (74 GWh by 2027). Recent International Energy Agency (IEA) projections indicate that India will be the leader in installed energy storage capacity by 2040. Looking at the targets that India has put forward of having a grid with 450 GW of renewables, Central Electricity Authority (CEA) projects requirement of 108 GWh of storage capacity at the generation-side by 2030 to effectively manage the transition. So overall, the present decade is set to be ruled by energy storage, which in turn will help the world make the shift towards a greener space through sustainably growing renewables.

Global ES scenario

Looking at the world and the announcements being made globally; it just indicates the fact that storage is indeed the future of a renewable-heavy grid. According to Wood Mackenzie and the US Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’, 168 MW were deployed in Q2 2020 in the US. This is an increase of 72 percent quarter-over-quarter, 117 percent year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW). The PPA prices for solar with storage projects also saw a decline of 16 percent in just one year, that too, with increasing penetration of storage in each new tender. Over and above, that 30 percent of all new projects in queue for approval in US are solar with storage projects which goes to show the development happening in the market. With each new tender and announcement, the size of such projects continues to grow bigger. Let us, therefore, look at the announcements. At present the largest RE + storage project is in Australia, the Hornsdale Power Reserve Project of 100 MW capacity for 1.28 hrs. The same is now also approved for expansion (150 MW/192 MWh). French renewable energy developer Neoen has won a contract with the Victoria government to the build the biggest battery in Australia in Geelong, providing essential services to the Victoria grid. The 300MW/459MWh Victoria big battery will be more than

twice the size of the 150MW/194MWh Hornsdale Power Reserve, which was recently expanded to add new synthetic inertia and other key grid services to South Australia. When you talk of growth you cannot forget China. China is building the largest vanadium flow battery in the world with a 200MW/800MWh capacity. It is being developed by Rongke Power Co. Ltd. and UniEnergy Technologies (UET). If the regulatory bodies give permission, in 2020, Strata Solar will build a 100MW/400MWh energy storage station in Oxnard, California. The project is expected to start in December and will be connected to the largest system of lithium-ion batteries in the world. Further, Pacific Gas & Electric (PG&E) have been granted permission from local regulator for construction of the largest battery system in the world. Its capacity will reach 567.5MW/2270MWh. The system will include four separate projects. The first one will be built by Vistra Corporation at the existing power station and have the capacity of 300MW/1200MWh. The other project built by Tesla and operated by PG&E will provide 182.5MW/730MWh from the local substation. All projects are expected to be commissioned by the end of 2020. They will replace three peak gas-powered stations. Finally, on October 15, a coalition of community-choice aggregators in California released the first major request for proposal targeting long-duration projects. To qualify, plants must be: 50MW or greater, able to discharge electrons at that level for eight hours

Global Top 10 Energy Storage Projects - Electro-Chemical Technology 120

100

Power Rating (MW)

renewables with thermal (which recently got amended to renewables complimented with any other source of power or storage), to RE hybrid bidding guidelines. Earlier in the year, during the budgetary session, energy storage was declared as the ‘Champion Sector’, and most recently, the government came out with a production-linked incentive of `18,100 crore for Advanced Cell Chemistry (ACC) battery manufacturing in India with a total subsidy to 50 GWh capacity till 2025. With the mission of making India self-reliant (Atmanirbhar Bharat), the government also increased custom duties on imports to encourage domestic manufacturing.

68 60

50 40

40 34

31.5

Hornsdale Power Germany Residential Kyushu Electric ‐ Minami‐Soma Nishi‐Sendai Reserve 100MW / Energy Storage Buzen Substation ‐ Substation ‐ Tohoku Substation ‐ Tohoku 129MWh Tesla Systems Mitsubishi Electric / Electric / Toshiba Electric / Toshiba Battery NGK Insulators Australia

Germany

Rokkasho Village Wind Farm ‐ Futamata Wind Development

Japan

November-December 2020 |

AES Laurel Mountain Beech Ridge Wind Storage 31.5 MW

Grand Ridge Energy Storage 31.5 MW

United States

Notrees Battery Storage Project ‐ Duke Energy

76 US Solar with Storage Projects Trend

The year of promise

The year 2020 seems to have served as the foundation year where the required guidelines and policies have been laid out, it is time for the investors to now join the race. The guidelines are becoming increasingly specific; just to give an example, the recent RE Hybrid guideline, focuses on strict adherence to project delivery, monitoring and increased percentage of mixing (one of the two resources, i.e. wind and solar has to be 33 percent of the total capacity, this was 25 percent initially). The guideline now also allows for sale of excess energy to the market and talks about indexation of tariff. The guideline also specifies the minimal utilization requirement for such projects being 30 percent. Seeing the RE + thermal guideline which is now modified to RE + any source of power, the penalties for not meeting target of 85 percent availability is now raised to 400 percent of shortfall from initially being just 25 percent. The sourcing of power for this guideline is now extended to any form of power along with renewables, where the percentage of renewables

in the total mix must be 51 percent in terms of energy. All this looks quite promising, and in the true sense it is, but there are challenges too. As on date, around 20 GW of RE tenders that have already been awarded have not found a buyer, the effect of the same was noticed in the guideline where MNRE now has explicitly mentioned that six months post awarding of project if a power sale agreement (PSA) is not signed, the project will stand canceled. The poor financial health of Discoms is a story well known (as on September, the total due was `1,30,452 crore). With each new RE tender, a lower tariff is realized, with `2.36/kWh being realized for solar this year, even during COVID times. Thus, Discoms do not want to buy or come into agreement with a project selling power at higher price. The Solar Energy Corporation of India (SECI) came out with the concept of pooling prices over a period and offering the same to Discoms to reduce higher price contract risks. Now, imagine the paradox; the 1.2GW SECI peaking tender was won by ReNew Power at a weighted tariff of `4.3/kWh and the same would supply power during peak times through BESS at `6.8/ kWh. Post that the 400 MW RTC tender was again won at a firstyear tariff of `2.9/kWh. Both these prices surprised many in the industry as to how can power be supplied through BESS at such low prices. Yes, the prices are low, but not lower than what the Discoms are getting power at. Thus, till date SECI has not been able to close the 1.2 GW peaking tender, even though

| November-December 2020

India Battery Storage Potential with Renewables | 2020 - 2027 60000

Cumulative Storage Potential with RE (MWh)

or more, and should be in operation by 2026. What about India? Well, we did progress as detailed before the tendering activity took place, we saw the NLC project in Andaman and Nicobar islands getting commissioned during the year (20 MW solar with 8 MWh of BESS), this was the second large scale storage project (first being the 10 MW/10 MWh Delhi AES – Tata Power Project) and the first of RE + storage project in India.

40000

20000

2020

2021

2022

2023

2024

2025

2026

2027

India RE + Storage Market

it was awarded almost a year ago now. Discoms are not the only concern, there are other concerns too, like land clearances and clarity, in some of the RE+storage tenders there were disputes on ownership of project land which came up after the project was awarded. Sometimes due to land policy changes, developers face a lot of challenges in acquisition of land which results in delay of projects. Especially for RE Hybrids, getting such sites where both wind and solar resources are high is very challenging. Thus, the co-located tag that was there in the initial RE Hybrid policy, that came in 2018 was worrying, the same is now made optional. What also has not helped India much specially in the present condition is non-availability of local manufacturing capacity and reliance on imports. This has led to further delay in project completions. Overall, there are a few challenges which need to be addressed quickly if we want this sector to grow and emerge

77 as a market leader. SECI in the concept paper on high dispatchable renewables illustrated earmarking 120 GW of project capacity from the 450 GW of RE target by 2030 in innovative tendering section (40 GW – RTC, 40 GW – peaking power and 40 GW from flexible RE). This will aid in making the target of 450 GW of renewables more sustainable and reduce loss of increasing chances of RE curtailment, which almost looks unstoppable in a grid devoid of storage.

Invest, act and implement

To take control of this opportunity, which is knocking at our door, any delay in addressing will only increase the potential of India losing one more bus in the journey of energy transition. Well, the good news is, there are things happening in the right direction from all corners to make this work. Cumulative Total Energy Storage Market Potential, India, 2019-2027 Stationary Energy Storage 350

Cumulative Installation (GWh)

300

328 GWh

250

250 GWh

200

100 50 0

196 GWh

150

Worst

Base

Grid Scale

BTM

Tendering authority NTPC NTPC NLC SECI SECI SECI SECI SECI REIL SECI SECI SECI SECI SECI MPPMCL SECI SECI SECI SECI

India Stationary ESS Potential 2020-2027

To begin with, there is the manufacturing program which is now approved by the Cabinet. The sooner this gets on ground the better as this will help in faster deployment, and India attaining the benefits of economies of scale. What can also help is having yearly targets for storage deployment (standalone and RE coupled) along with maybe having RPO like targets for storage too. The biggest benefit that storage bring is stacking of benefits and thus bringing in multiple revenue streams from a single deployment. This will need opening of the ancillary market for India, which today is quite restricted. With deviation settlement mechanism penalties becoming

RE (MW) 17 8 20 3 2 20 3 14 1.7 160 2 300 1.95 400 500 4 14 5000 100

Battery Storage (MWh) 6.8 3.2 8 5 1 60 3.2 42 1 20 2 150 2.15 Optional 1500 2 42 150

Tender scope

Current status

Winner

EPC EPC EPC EPC EPC EPC EPC BOO EPC EPC EPC BOO EPC BOO EOI BOO EPC BOO EPC

Cancelled Cancelled Commissioned Result announced Result announced Bids submitted Results announced RFS Issued RFS Issued Bids submitted Cancelled Result announced Result announced Result announced EOI Presentation done Delayed Delayed Delayed Site Visit done

BHEL BHEL L&T Sunsource Sunsource

Sunsource Renew Sunsource Renew

Date of tender issuance Mar-18 Mar-18 Apr-18 Jul-18 Aug-18 Feb-19 Mar-19 Mar-19 Apr-19 Apr-19 Jun-19 Sep-19 Sep-19 Oct-19 Oct-19 Jan-20 Feb-20 Mar-20 Sep-20

India RE+ Storage Tender - Update

stricter there are increased business cases for energy storage. As far as delay in signing PSAs are concerned, it would be a good move to have Discoms party to the process right from the planning stage to at first understand their requirement rather than entrusting them with new projects. This way, the delays in signing PSAs would reduce. One way of doing this is to have a yearly plan of energy demand requirement from the Discoms so that we target the lowest hanging fruit first. It’s always great to achieve targets on time, but let us be sustainable in the race to achieve them, else a poorly planned RE heavy grid will only result in more challenges than yielding benefits. There have also been studies that indicate that if there would have been storage deployment in the Mumbai grid, the blackout that happened recently in the financial capital of India could have been avoided. As the question is raised, how much cost will the installation incur? The answer to that is, what was the cost incurred due to the blackout? What is required is to see the story in its entirety than a piecemeal manner. Till the time we try to target one application through storage it will not look profitable, BESS installations will only make sense when we utilize the asset to its full potential and thus give rise to multiple benefit streams. While we need many more RE + storage projects we also need more like the 10 MWh project that we have in Delhi. In fact, a study by IFC projects a requirement of 100 MWh battery storage just in Delhi, thus imagine its potential at pan-India level. One would tend to agree with a quote heard at a panel discussion Best

Railways

Location Andaman & Nicobar Islands Andaman & Nicobar Islands Andaman & Nicobar Islands Leh Kaza Lakshadweep Leh Leh and Kargil Andaman & Nicobar Islands Andhra Pradesh Leh PAN India (1200 MW) Lakshadweep PAN India (400 MW) Hybrid, RTC Madhya Pradesh Andaman & Nicobar Islands Kargil PAN India (RE + Thermal) Chattisgarh

recently: “Rather than thinking of mistakes which could be committed by doing a project with storage now, maybe it will be better to think about the mistakes and opportunities we are already missing by not doing a project now, lets look at leading indicators rather than focussing only on lagging indicators.” All in all, it is a great time to be in this sector, which never lets you be complacent and changes and innovates every day. What we will need to do is to start execution now, a lot of planning has already been done, a lot of discussions have already been heard, a lot of white papers written, a lot of presentations given and a lot many studies done and with several pilots and demonstration projects done too. It is time we talk about project executions now and build the portfolio of storage projects. The article started off by saying that 2020 looks like the perfect foundation laying year where all ingredients are already in place from policy to guidelines, tenders to incentives, and it is now time to act. If we keep waiting for the technologies to get more efficient and the prices to drop further, which eventually will, the only problem is, we may end up missing out on another landmark opportunity knocking on our door.

November-December 2020 |

Debmalya Sen Senior Consultant CES

ENERGY STORAGE

Battery storage manufacturing in India: A strategic perspective There is a need for a strategic approach to battery manufacturing in India, including not only broad directional measures but also specific actions.

ndia is one of the few countries with a Nationally Determined Commitment (NDC) that is consistent with the 2-degree Celsius emission goal set under the 2015 Paris Agreement. Some of the major milestones under India’s NDC are the country’s renewable energy targets of 175GW by 2020 and renewable energy (RE) as 40 percent of installed power generation capacity by 2030. India has set a similarly ambitious target for electric vehicles: that is to have 30 percent of all vehicles to be EVs by 2030. However, RE generation is typically not only variable and intermittent but also inflexible in nature. Given the predominantly inflexible nature of the Indian power grid due to high reliance on coalbased generation and lack of gasbased generation, higher renewable penetration under India’s NDC will likely result in requirements of various flexible technologies.

One such technology gaining momentum globally is battery energy storage, specifically lithium-ion batteries. This is mainly attributed to the rising demand for batterypowered EVs globally. According to an estimate, energy storage global demand is projected to rise 17GWh in 2018 to 2,850GWh by 2040 with India emerging as the third largest market, given applications to both RE and EV. This emerging market potential has motivated Indian policymakers to consider developing India into a global manufacturing hub for battery storage. However, this motivates us to ask questions such as: What is the minimum set of barriers India must overcome to develop domestic manufacturing competencies around new battery storage technologies? What are the different factors policymakers should consider for allowing successful deployment of battery storage technologies? Here, we focus on the first question.

Tesla Gigafactory outside Reno, Nevada in the United States. Source: Tesla

| November-December 2020

Strategic Perspective

Developing battery manufacturing competencies in India would require a strategic perspective. To prescribe that we first we first need to identify the various pathways India could potentially embark on. We find that there are mainly two approaches that have been successfully adopted by various countries: one, a research-focused approach or the top-down approach; and two, a manufacturing focused approach or the bottom-up approach. The top-down approach comprises the country first developing the necessary knowledgebase through investment in research and development. This is then followed by commercialization of technology and development of full-fledged manufacturing prowess. Conversely, the bottom-up approach involves the country capturing the market share initially through development of manufacturing competency, followed by moving up the value chain to more research intense activities.

79 Given India’s limited experience in developing new generation battery technologies (such as lithium-ion) and its late arrival in the industry, the bottom-up approach may be more appropriate. With this as the basis, we develop and verify a critical barrier framework which highlights the minimum set of barriers that need to be overcome for obtaining industrial competency in battery storage.

Identifying barriers

The framework can be built by combining learnings from two diverse strands of literature – namely industrial science and management science. Specifically, we assess multiple literature on industrial catchup, and Porter’s Diamond Theory of National Advantages. While the literature on industrial catch-up dictates the general approach for our framework, its critical elements are identified from Porter’s theory. Within this framework, we identify three main barriers: (1) Getting to Scale (2) Infrastructure and Resources (3) Global Competitiveness We posit that industrial competency can only be achieved when all these barriers have been overcome. The critical barrier framework is verified by case study research method. We test the framework across various successful and struggling industries such as the Indian Automobile Industry, Indian Pharmaceutical Industry, Chinese Solar PV Industry, United States Solar PV industry, and the Indian Solar PV Industry. From these cases studies, we find that all the three barriers have been overcome by successful industries whereas at least one of the barriers from our framework has not been overcome by the struggling industries.

Boosting domestic demand

The is a need to focus on boosting domestic demand and developing global competence. Based on findings, it is suggested that Indian policymakers start by developing demand-side policies with an emphasis on protection to domestic manufacturers from foreign competition. Once domestic manufacturers achieve economies of scale through

Battery manufacturing

capturing domestic as well as international demand, Indian policymakers may allow foreign competition within the country. This will result in increased market efficiencies, thereby making domestic manufacturing globally competitive. In this context, while any short-term infrastructure and resource requirements can be met by the industry, policymakers should also invest in them parallelly to further bolster them. Further, they should also consider developing policies that promote research and development early on since this would be crucial for the growth of any manufacturing industry in the long-term.

Directional measures

Based on worldwide best practices, and reflecting on early feedback from government officials, the following measures could provide guidance on the broader recommendations mentioned earlier. First, for boosting domestic demand, the measures may include: • Setting targets, both EVs (e.g., as in China, CA) and power related (e.g., as in CA) • Removing administrative barriers to storage deployment • Helping set up adequate charging infrastructure for EVs It is also found that subsidies may not be required for EVs; however enabling business models and financing mechanisms would be key. Second, protectionist measures may include:

• Ensuring government (especially EV) demand is met through domestic manufacturing (e.g., as in the US, China) • Ensuring (e.g., >50 percent domestic content requirement on all sales (e.g., as in Malaysia and Indonesia) • Imposing import tariffs on foreign goods – e.g., batteries (e.g. as in the US), EVs (e.g., as in India) Third, for developing self-reliance, the measures may include: • Ensuring basic R&D (and education) is supported (e.g., as in the EU) • Enabling technology transfers via partnerships (e.g. as in the US) • Providing adequate infrastructure. To conclude, India has set ambitious targets for RE and EVs; getting to these targets would critically depend on developing self-reliance on battery manufacturing. Throughout research, we have identified the need for a strategic approach to battery manufacturing; not only broad directional measures, but also specific actions. It is hoped that the Indian policymakers would consider these insights in India’s journey towards becoming self-reliant in battery manufacturing. (The views expressed in this article are the author's own.)

November-December 2020 |

Gireesh Shrimali PhD Precourt Scholar Sustainable Finance Initiative at the Stanford University.

ENERGY STORAGE

State of R&D in battery energy storage sector in India There’s a need for Indian R&D centers to work collaboratively with the industry to address challenges associated with current battery technologies as they continue developing new and advanced battery technologies.

o meet the ambitious targets set by the government of installing of 175 GW of renewable energy capacity by the year 2022, and 30 percent of the total vehicles on road being EVs by 2030 – energy storage technologies will play an important role in enabling this transition. As the energy storage

ecosystem develops it is going to be increasingly important to conduct state-of-the art research on various battery technologies.

Need for robust domestic R&D

There are a host of benefits associated with country-specific research on battery technologies.

Image for representation only.

| November-December 2020

(i) It increases the country’s knowledge base, which helps in future improvements of battery technology as per the country’s climatic conditions, uses patterns, availability of raw materials and future demand. (ii) It helps develop skilled manpower in materials development. It further helps in designing, developing, and

Higher study and Research areas in EV and storage sector Materials battery and other energy storage research, development of lighter or stronger materials for EV components

Economics

Mechanical design, develop, and test the tools, engines, machines

Techno-economic analysis, system benefit studies, incentives and trade offs analysis

Electronics

Management

design, develop, and test electronic components; primarily focused on the control systems and additional electronic components for the ESS and e-Vehicles

supply chain, entrepreneurship, growth strategies, investment strategies, Merger and acquisitions

Electrical

Software

design, develop, test of electrical components where batteries and motors

design and create BMS, EMS, ESS optimization and EV monitoring software

Public policy Policy framework for large scale EV adoptions, impact of EV

testing of electronics, electrical, and mechanical components; and designing of products such as battery management system (BMS), energy management system (EMS) and EV monitoring software.

Promoting R&D in battery technologies

There are number of existing and next-generation battery technologies which are suitable for application of EVs, stationary storage systems and portable electronics. Batteries like lithium-ion (Li-ion), lithium-sulfur (LiS), sodium-sulfur (NaS), solid-state batteries, advanced lead-acid, vanadium redox flow battery, zincbromine, zinc-air are examples of the mature technologies. To promote fast growth in the energy storage domain, India is promoting various research activities focusing on batteries. India has many academic institutions and national laboratories that have facilities that conduct battery-related research. Among them, Council of Scientific & Industrial Research (CSIR) and Central Electrochemical Research Institute (CECRI) are primarily dedicated to electrochemical research. In CECRI, researchers are working on various battery technologies – For example, li-ion, Na-ion, solid-state battery,

flow battery, lead-acid battery etc. Apart from CECRI, there are several other research groups in the Indian Institute of Technology (IIT Delhi, IIT Kanpur, IIT Guwahati, IIT Roorkee, etc.), Indian Institute of Science (IISc Bangalore), National Institute of Technology, Centre for Materials for Electronics Technology (C-MET Pune) and many other institutions are working on battery technologies. These institutions also work in collaborative ways to solve some of the research problems under various government programs. For instance, Materials on Energy Storage (MES) program supports R&D activities on battery and storage device. Another program is Materials for Energy Conservation and Storage Platform (MECSP) that supports research and development for entire spectrum of energy conservation and storage technologies. Currently, several Indian institutions are also working closely with foreign universities on battery related research. Researchers from IIT Madras and Karlsruhe Institute of Technology (KIT), Germany, are working on advanced LIB cathode materials to have long lasting and better performance batteries. Monash University, Deakin University, Australia and the IITBombay funded through an Australia

India Strategic Research Fund (AISRF) project are developing affordable high-performance batteries. Under the Department of Science and Technology (DST), Government of India and the Ministry of Science and Technology of State of Israel, a joint research activity has been undertaken where researchers at the CSIR-CECRI and Tel Aviv University, Israel, will jointly study low-cost, stable lithium-sulfur batteries. IIT Bombay and Bar-llan University are also working together to examine tuning of solid electrolytes for efficient solid-state Li-ion batteries. Among various battery technologies, Li-ion is considered as forefront battery technology owing to its superior electrochemical properties. Research activities on Li-ion battery are focused on modeling and simulation of materials properties, synthesis of new electrodes and electrolyte materials, characterization of materials with analytical instruments and finally testing the new materials in labscale prototypes. Lab-scale prototypes are normally coin cells or Swagelok type cells. These cells are convenient and fast to assemble and require very little active material. As a result, they are ideal for testing many variations with minimum resources.

November-December 2020 |

India PG

Research

Automobile Engineering, Chandigarh University

Central Electro Chemical Research Institute(CECRI)

Automobile Engineering, PSG college of technology

IIT Bombay

Automobile Engineering, University college of Engineering (Osmania University)

IIT Kharagpur

Energy Science and Engineering, IIT Kharagpur

IIT Hyderabad

Energy System Engineering, IIT Bombay

IISER Pune

MDes in Mobility and Vehicle Design, IIT Bombay

IISc Bangalore Amrita University

Energy Science and Technology - IIT Hyderabad

SRM University

Center for energy studies, IIT Delhi

Savitribai Phule Pune university

Veermata Jijabai Technological Institute

Institutions conducting post-graduation (PG) course and research in EV and storage sector 2

Research on battery recycling

Research on recycling aspects of Li-ion battery is important, as with growing popularity of EVs the number of used Li-ion batteries is bound to grow. Battery recycling is a critical technology for India given the domestic shortage of certain scarce materials for lithium batteries. So far in the country, the unorganized sectors have been playing a significant role in the collection and recycling of Li-ion batteries. A proper framework would help streamline the process of battery collection and segregation. It will also prevent recycling in the unorganized sector where care is not given to proper safety considerations. As use of LIBs increases, the demand of various raw materials will also rise. LIBs are not toxic like other batteries, but recycled materials from battery can have positive contribution from an environmental and economic perspective as the country is mostly dependent on some of the key battery materials like lithium, cobalt, and nickel. Potentially, all the materials used in an LIB, namely Li, Co, Ni, Mn, and Al can be recovered and re-used for either battery or other applications. However, currently, most of the

recycling efforts by the industries are focused on recovery of cobalt, this is due to its high cost, and concerns regarding its availability. Recovery and refining each of the materials and making them batterygrade is a challenge. With regards to technological challenges associated with Li-ion battery recycling, scientists from Council of Scientific and Industrial Research (CSIR) labs National Metallurgical Laboratory (NML) and Institute of Minerals and Materials Technology (IMMT) are actively working on Li-ion battery recycling.

• Development of country-specific advance battery system • Research focused on BMS, to monitor battery performance accurately • Use of data mining and AI to predict battery performance and life in shorter time frame • Research focused on equipment development required for giga scale facility • Research on battery pack and safety features • Development of cost-effective recycling methods with maximum material recovery, etc.

R&D for domestic manufacturing

Indian R&D centers need to focus more on collaborative research with the industries to solve problems associated with current battery technologies. It is also important to work and develop next-generation technologies to become truly independent.

Indigenization of energy storage manufacturing will help meet the country’s future demand and ensure energy independence. To set-up indigenous manufacturing facilities of different storage technologies, it is important to identify key raw materials, estimate its requirement for GWh scale manufacturing, its availability in India and evaluate the practicality of manufacturing the different components locally. To become truly ‘Atmanirbhar’ in battery storage technology, and set-up indigenous manufacturing facilities, country should focus more on R&D, specifically on:

| November-December 2020

Dr. Tanmay Sarkar Sr. Consultant – R&D CES

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EVENTS

India Energy Storage Week 2020: Excerpts India Energy Storage Alliance (IESA) successfully concluded the India Energy Storage Week (IESW 2020), its 7th annual international conference and expo on energy storage, electric vehicles and microgrids.

he premiere industry event and projections till 2027, for key covers EV battery market, charging ( v i r t u a l ) o r g a n i z e d b y market segments such as e-2W, infrastructure, and EV components IESA was held from November e-3W, e-cars, and e-buses. It also market in detail. 2 – 6, and saw more than 1,000 registered attendees participating from over 15 count r i e s g l o b a l l y. Norway, Scotland, Finland, UK, and Japan were the country partners for IESW 2020. SHRI. SURESH PRABHU SHRI. ANIL SRIVASTAVA DR. AJAI KUMAR GARG DR. R GOPALAN The week-long event had a total of 36 sessions and featured 160 thought leaders – from industry veterans, policymakers to researchers, and ADARSH DAS ADITYA RAMJI DR.A K JINDAL ALISTAIR DAVIDSON ANAND DESHPANDE ANDY BRAY early entrepreneurs who shared their insights on the business landscape, policy and regulations, R&D, and technological innovations happenGURUPRASAD DEBI PRASAD DASH HELENA SARÉN DR. H PURUSHOTHAM DEBMALYA SEN GK. RAMAKRISHNAN ing across India. The MUDLAPUR speakers deliberated on ways for fostering an enabling ecosystem for making India a global hub for R&D, manufacturing, and adoption of energy storage and EVs in India. KETAN CHITNIS DR. KOUSHIK BISWAS MAHAVIR SHARMA MANI KHURANA MARK HARTMANN DR. N. KALAISELVI IESA also launched its 2nd annual ‘India EV and Charging Infra Market Overview’ report that covers EV market sales Member of Parliament (Rajya Shabha), Indian emissary to the G20 & G7 Government of India

Chief Executive Officer and Co-Founder, SunSource Energy

Executive Director, India Energy Storage Alliance

VP Stationary BU, Exide Leclanche Energy

RAJENDRA SHRIVASTAV President and Market Business Leader, AES India

DR. SATYAJIT PHADKE Manager, R&D, Customized Energy Solutions - India

SHANMUGAM SIVARAMAN Chairman, SAEINDIA

Principal Consultant & Mission Director, National Mission on Transformative Mobility & Battery Storage, NITI Aayog

Economist with the Managing Director’s Office, at Mahindra and Mahindra

Senior Consultant, Customized Energy Solutions India

Professor- Department of Metallurgical and Materials engineering, Indian Institute of Technology Kharagpur

RAKESH MALHOTRA Founder & Mentor, SAR Group

SHASHANK ADLAKHA Vice President & Head New Business, ReNew Power

| November-December 2020

Director (HoD International Cooperation & Bilateral Trade, Innovation and IPR) Ministry of Electronics & Information Technology, Government of India

Advisor E-Mobility, New products and Technology, TATA Autocomp Systems Limited

General Manager, Wartsila India

Director, Consortium for Battery Innovation

Managing Director, Bosch Automotive Electronics India

Regional Director at Chennai for International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), Department of Science & Technology (DST), Government of India

Sr. Dy. Director & HoD (AED), Automotive Research Association of India

Head- Smart Energy Finland program, Business Finland

Former Chairman and Managing Director, National Research Development Corporation

Chairman, TiE Global

Senior Energy Specialist, World Bank

DR. RAMASWAMY MURUGAN

RAMINDER SINGH

REJI KUMAR PILLAI

ROHIT KUMAR

Managing Director, Schaltbau India

President, India Smart Grid Forum,

Sr. Consultant, Customized Energy Solutions - India

Professor- Department of Physics, Pondicherry University

SHREYAS SEETHAPATHY Lead- Battery and Motor Engineering teams, Ather Energy

SIDDHARTH R. MAYUR Founder, Managing Director & CEO, h2e Power Systems

Chief Technical Officer, Latent Heat Solutions

Head of Sales and Business Development, i-EMSAT

SIDHARTH CHOUDHARY Assistant Vice President, Invest India

Director, CSIR - Central Electro Chemical Research Institute (CECRI)

SUBRAMANYA (SUBRA) HERLE PH.D. Director, Distinguished Member of Technical Staff, Office of the CTO, Applied Materials

The keynote speaker at IESW 2020, Suresh Prabhu, India's Sherpa to G20 & G7, Member of Parliament, emphasized that “energy storage will be a new thrust area”. He said that India has already committed to ambitious renewable energy target and its quest to make the country

MR. D.G. SALPEKAR Chief General Manager (Technical), Energy Efficiency Services Limited

DR. R. HARIKUMAR Director-in-Charge, EMC, Kerala

carbon neutral, in line with the Paris Accord. He feels that critical materials for manufacturing of battery will also depend upon the robust development of the ecosystem for indigenous manufacturing, and congratulated IESW conferences for discussing the issue in detail in the week-long event.

Additional General Manager, Solar Energy Corporation of India

ANMOL JAGGI

ARGHYA SARDAR

ARVIND GOEL

ASHOK THAKUR

Scientist F, TIFAC

MD & CEO, Tata AutoComp

Chief Editor, ETN, Customized Energy Solutions

ISABEL CHATTERTON

NAVEEN MUNJAL Managing Director, Hero Electric Vehicles

DEBI PRASAD DASH Executive Director India Energy Storage Alliance (IESA)

DR. Y. B. K. REDDY

CEO and Co-Founder, Blu-Smart Mobility

Regional Industry Director, Infrastructure and Natural Resources, Asia and Pacific, International Finance Corporation

“Through IESW, we aim to address the challenges and opportunities in the sector in order to robust the growth by bringing together global leaders and stakeholders to uncover the possibilities of making India a global hub of EV manufacturing in time to come.”

DR. AVISHEK KUMAR

AWADHESH JHA

BABU K S V

BRIEUX BOISDEQUIN

DAVID VENTOLA

Vice President, Fortum India

Business Head: e-Mobility, Cooling Solutions & Exports, Lucas-TVS Ltd

Vice President, Automotive and Materials, BASF South Asia

Business Development Director, Technology & Development, Dürr Systems USA

Co-Founder & CEO, V-Flow Tech

ISHAAN KHOSLA

JARI IHONEN

JAYANT PRASAD

JITENDRA KULKARNI

JUDY JEEVARAJAN

DR. JYOTIRMOY ROY

Partner, Huddle

Principal Scientist, VTT Technical Research Centre of Finland

Executive Director, CKers Finance

Vice President Innovation, SB Energy (Softbank Group)

Ph.D. Research Director Electrochemical Safety Underwriters Laboratories

Founder & CEO, GreenEnco

PRIYANK AGARWAL

RAJAT GUPTA

NISHANT SAINI

OP AGARWAL

Founder and Managing Director, EEE – Taxi

Chief Executive Officer, WRI India

DR. P C PANT

Former Advisor, Ministry of New and Renewable Energy

PRASANNA PATWARDHAN

Chairperson & Managing Director, Prasanna Group

ROHIT MODI

DR. ROSHAN YEDERY

SAMEER GUPTA

SAMIT JAIN

SAMRAT SENGUPTA

Country Head & President of India Business, SB Energy – SoftBank

CEO, VJTI Technology Business Incubator (VJTI-TBI)

Chairman & Managing Director, Jakson Group

Managing Director, Pluss Advanced Technologies

Programme Director (Climate Change & Energy), CSE

PROF. SUDDHASATWA BASU

SULAJJA FIRODIA MOTWANI

Director, CSIR-Institute of Minerals & Material Technology Bhubaneswar

Vice Chairperson, Kinetic Engineering, Founder & CEO, Kinetic Green Energy & Power Solutions Limited

Vice President, Strategy & Business Development, Exicom Tele-systems

SANDEEP TANDON National Project Manager, United Nations Industrial Development Organization

Founder and CEO, TESSOL

SANDITH THANDASHERRY Founder and CEO, NavAlt

SUNIL JAIN

DR. TANMAY SARKAR

TROND STROMGREN

VIKRAM GULATI

VISH GANTI

CEO & ED, Hero Future Energies

Senior Consultant, Customized Energy Solutions India

Senior Advisor Renewable Energy and Hydrogen Value Chain, Head R&D, Ocean Hyway Cluster

Country Head, Toyota Kirloskar Motors

Vice President and Managing Director, AutoGrid India

November-December 2020 |

DR. KAMAL C. VORA Sr. Deputy Director and Head, Automotive Research Association of India

DR. RAHUL TONGIA

Senior Fellow, Centre for Social and Economic Progress

SANJAY KUMAR BANGA President Transmission and Distribution, Tata Power

KANIKA CHAWLA Director, Centre for Energy Finance, Council on Energy, Environment and Water

DR. RAHUL WALAWALKAR

Chair, GESA, President, IESA, MD, CES (India)

SARANSH ROY Investment Specialist, Invest India

86 In the following write-up, ETN brings you excerpts of the workshops, sessions, forums and discussions held at the week-long event, and key notes of the participants.

PRE-CONFERENCE WORKSHOPS Energy Storage 101 (Current Technology Landscape & Future Developments) In this session speakers discussed the current technologies that dominate the energy storage landscape, and some which may come to dominate in the future. “As the country moves towards renewable sources of power generation to a greater extent, the need for energy storage gains equal importance. The stationary energy market poses a great prospect with a 60 percent market share. Batteries need to be simple, viable, safe, environment-friendly as well as market-ready.” DR. BALKI G. IYER Chief Commercial Officer Eos Energy Storage “We come from the space industry; we took the cue from the methodology of the same to develop flywheel applications. The differentiator that works in our favor is the absence of degradation and 95 percent efficiency rate. We are working with different partners across a variety of applications, globally, and look forward to supporting the decentralization of energy and electrification of transportation.” MICHAEL WILLEMOT Chief Financial Officer Oxto Energy

EV & Charging Infra Technology 101 The speakers discussed about x-EVs and its technology, which included EV charging technologies, charging standards and a deep-dive into powertrain components and retro fitment of ICEs to EVs. “The retrofitting of conventional autos is estimated to save approximately $4,000 in five years and the conversion of an existing auto takes only about 48 hours. Therefore, government must provide subsidies for at least one year of saving, which could aid in the adoption of retrofitted e-autos.” MADHAN B N CEO & Co-founder Volta EV (VAIPL) “Battery Swapping does address all the issues of TCO, price, range anxiety and accessibility, and lowering charging times. The ultimate goal for battery swapping is to bring an easy, quick, accessible solution for customers.” AKHILA VIJAYKUMAR Co-founder and COO ESMITO Solutions

Workshop on Minigrids / Microgrids for Economic Development for Local Communities (Powered by MICRO Initiative) The speakers discussed the techno-economic performance of minigrids in India; plant generation, storage and PND network and shared their observations, experience, and lessons from the field and technical audits. Topics discussed also included rural electrification, battery performance, and the contribution of ESS towards diesel optimization in defense-based micro and minigrids. “The four key roles of a microgrid developer essentially consist of providing access to finance for rural entrepreneurs, helping them identify appropriate gender participation, providing access to markets in the form of micro business advisory support, and most importantly, creating trust between the community and developer.” SUDESHNA MUKHERJEE Director – Hamara Grid (Economic ecosystem development via minigrids) | November-December 2020

“Deployment of microgrids is not just about delivering hardware or providing quality products in households but also about going the extra mile and ensuring long term technical support and ensuring community interaction through local social organizations.” PRASAD KULKARNI Technical Head - Gram Oorja (Plant generation and PND system) “Minigrids can help achieve stability and provide reliability in the peripheral areas in India. From an association perspective, we look to solve minigrid challenges at the sector level with an array of initiatives aimed at accelerating adoption of mini-grid in urban and rural areas and achieving Sustainable Development Goals (SDGs).” JENS JAEGER Policy & Business Development Manager - Alliance for Rural Electrification (ARE) (Factors enabling scaling of the minigrids)

IESA-UNIDO ESS Innovation Workshop (Supported by UNIDO) Discussion was on ‘Facility of Low Carbon Deployment’ (FLCTD) – Energy Storage Innovation Challenge – a UNIDO initiated a project to address technology gaps through use of energy efficiency technologies and support the deployment and scale-up. Speakers also shed light on the latest trends in energy storage innovations, indigenous R&D and pilot projects. “We are no longer an electricity starved country, now, we have surplus generation available. Under these circumstances, storage devices have to act like a source to store the surplus energy. Therefore, for what application will storage be required at generation level? Whether we are using it to smooth peak demand or to provide back-up support at a later stage? These are some things that can be tried as a part of the innovation challenge.” DR P C PANT Former Advisor MNRE “A major challenge any new technology has to pass through is the ‘valley of death’ before it becomes a successful technology. The valley of death refers to lack of finance, mentoring, and lack of other supportive infrastructure that may prove to be a hurdle for innovators. The innovation challenge, therefore, helps to address these issues.” DR. D H PURUSHOTHAM Former Chairman & MD MNRE

Women in Energy Storage & EV Forum This was a dedicated session aimed at promoting the participation of women in the energy storage and emerging technologies areas. IESA also launched an informal women’s group ‘IESA-WEN (ESA- Women in Energy Network)’ where women can participate in various IESA activities throughout the year and invite women leaders to join the group. “When you look in the field of RE, globally there are around 11.5 million people working and it is going to increase to 42 million by 2050. Wherein we have about 32 percent of women participation. Including storage and e-mobility, if the sector needs to strive and rise to its full potential, then it would require the best of the talents from both men and women.” CHRISTEN ED Global Women Network November-December 2020 |

88 “Obviously, there are challenges, because you are in minority, but what actually helped me in course was excelling in the technologies or services that were rendered at my position. I always strived to be a good team leader so that the industry did not see me as a typical bureaucrat but a person who can support in providing a pragmatic solution.” RASHMI URDHWARESHE Former Director Automotive Research Association of India

Workshop on Role of Energy Storage for Moving Towards 24x7 Renewables This session saw participation of diverse players like MNRE, CERC, POSOCO, Gujarat SLDC, BSES, AES, Prayas, and WRI. Discussions centered around promotion of energy storage technologies, and more importantly, on whether we require separate RPO for 24x7 RE Power. The session concluded on the note that storage may be imperative for a better grid quality, and there must be a higher push for more storage tenders. All the speakers noted that there may not be a need of a 24x7 RE RPO, apart from decentralized areas that may require 24x7 renewable energy. “The challenge of integration is different from the one we had when we started with it. Energy storage is critical for the development of RE. Our electricity system has an ability to accommodate a larger amount of vanilla RE. This accommodation is cheaper than more dispatchable power distribution.” INDU SHEKHAR CHATURVEDI Secretary - MNRE “Storage is nice technology. We must look at our strengths and harness that. CAPEX is precious and we should not repeat the same mistake made with the gas. Our strength is in the grid. Synchronizing Bangladesh with India will only enhance our capacity by leaps and bounds. We need power generation that is flexible, and cost-effective.” S K SOONEE Advisor, Power System Operation Corporation (POSOCO)

Hydrogen Economy and India – Nordic Collaboration IESA launched the MIGHT (Mobility and Infrastructure with Green Hydrogen Technology ) Initiative to focus on hydrogen production, storage and applications including stationary power generation, transportation, and other usage in India. As part of this initiative, IESA organized two dedicated sessions on hydrogen and fuel-cell and partnered – Hydrogen Economy in India Nordic Collaboration for Hydrogen Economy supported by Innovation Norway and Business Finland. Session-I discussed the technology collaboration on Green Hydrogen. Session-II shed light on India-Nordic Industry Cooperation, stationary applications for industrial consumers, fuel cell and mobility application. “There are several applications of wind and hydrogen in oil and gas, exports, ports and remote islands. Around the world there are many islands that get power through diesel generators and it is very expensive; by combining offshore winds and hydrogen we can serve these islands with zero emission energy supply.” TROND STROMGREN Sr Advisor (Renewable Energy and Hydrogen Value Chain), Head R&D- Ocean Hyway Cluster “Hydrogen is not a silver bullet, it is part of the broader solution. There are breathtaking developments in the EU and other countries on Hydrogen. The cumulative investments in renewable hydrogen in the EU could be up to €180-470 billion by 2050 and in the range of €3-18 billion for low-carbon fossil-based hydrogen.” ADITYA POUDYAL Business Development, Hydrogen – Fortum | November-December 2020

ATMANIRBHAR BHARAT ENERGY STORAGE & EV MANUFACTURING In this section of the IESW, sessions revolved around exploring opportunities in domestic manufacturing, where the speakers from both Central and State government shared information on the initiatives for making India a manufacturing hub. Participating OEMs, component manufacturers and CEOs looking to invest in gigafactory projects, shared their business plans. Regulatory and Policy Outlook on Energy Storage and EV Manufacturing In this session, the speakers deliberated on Central policies/schemes, regulatory overview, recent developments on the ongoing/ upcoming policies/ schemes by Central and State government. and the roadblocks to implementation (industry sentiments, financial assistance, domestic capability, etc.) “Energy storage is an important aspect, and it can bring a completely new dynamic in the energy spectrum. We [India] already have an ambitious renewable energy target and, it is our quest to make the country carbon neutral, in line with the Paris Accord. We have many gasification plants, clean coal initiatives, and blending it with the RE initiatives would deliver a form of energy to the consumer that can play a greater role in our tryst towards climate change. And in this tryst, energy storage plays an integral part.” SURESH PRABHU Member of Parliament (Rajya Shabha) Indian emissary to the G20 & G7 “We have had a successful launch of mobile manufacturing, and now expect the same in the energy storage. Although it is more complex, but under the battery storage program, we have married the concept of typical manufacturing setup with financially strong back up agreement. As of now, the govt has proposed to incentivize up to 50 GWh of ACC cell manufacturing, the bare minimum demand by 2035. It is completely technology agnostic program, and we are purely referring it with performance specifications.” AMAN HANS Public Private Partnership Specialist, Consultant - NITI Aayog

IESA Vision for Atmanirbhar Bharat - Energy Storage & EV Manufacturing “The policy framework has evolved quite a lot in the last five years, the technology price curve has been amazing, but we cannot be waiting for the manufacturing cost to come down and keep on delaying the process. We are almost on the verge of delaying this opportunity for the manufacturing, so I really hope NITI Aayog will get the final nod from the cabinet for the mission this month and we hope in 2021 we will be discussing how we will be implementing the mission.” DR. RAHUL WALAWALKAR President & MD - CES India

Supply Chain (Raw Materials, Equipment’s & Components) & Global Manufacturing In this session the speakers gave an overview of the supply chain in the domestic market, import dependency, and discussed the demand drivers. They also discussed opportunities and challenges, both from the government and the industry perspective and best practices from the global scenario and global investors suitable for collaboration with the Indian ecosystem. “Looking into the roadmap, we see two technologies taking place in the market, one is silicon plus lithiation combination. It has a high potential in developing EV fast charging. In the near-term market, the demand for EVs and fast charging will only increase and silicon lithium combination will have an active role to play in providing the efficient fast charging solutions.” DR. SUBRA HERLE Director, Distinguished Member of Technical Staff - Office of the CTO (Applied Materials) November-December 2020 |

90 “For India, we have a target of developing gigawatt factories, but we lack lithium reserves, and also cathode and anode building capacity. From 2016-19, India is dependent on China, Japan, and Taiwan for lithium reserves. We need to develop the capacity for being self-reliant. Manikaran Power is planning to set up India’s first lithium refinery and has started the feasibility study for same. We believe the investment in downstream will not be sustainable until a strategic partnership is formed.” NAVEEN KUMAR SRIVASTAVA President Strategy - Manikaran Power Ltd

Recycle & Reuse (Second Life of Battery Packs and Recycling) The speakers shed light on the battery handling and disposal - current practices and environmental laws and regulations. They deliberated on the Scrappage Policy, recycling technology and its commercialization avenues, and domestic and international best practices in recycling and reuse of second-life battery packs. “Reuse and recycling of Li-ion batteries is key for circular economy and to overcome the challenge of limited resources. The need of the hour is to design batteries to be recycling friendly, identify different battery chemistries, cost-effective recycling process and to minimize recycling waste to zero.” DR. DHAMODARAN SANTHANAGOPALAN Ramanujan Fellow & Associate Professor - Centre for Nanosciences and Molecular Medicine, Amrita Vishwa Vidyapeetham “Li-ion has emerged as the leading choice for EVs, but raw material required for its production is a challenge. Recycling may be an immediate option to address the issue. It can reduce the load of raw materials and improve supply-chain security and address the environmental footprint. However, the recycling business viability depends on its cost; long term outlook in terms of new investment; sufficient data to do the demand prediction and environmental regulation and control.” SAMRAT SENGUPTA Programme Director, CSE “If we proceed with the normal mining process and do not look at alternatives like urban mining or recycling, we may deplete the lithium reserves and other metal natural resources. Recycling of battery is an environmental and health issue too, if not packaged and disposed in proper way, it can lead to health issues.” PAWANDEEP BAWA Head of Sourcing Attero Recycling Pvt Ltd

Skill Development & Capacity Building In this session the speakers touched upon industry skill demand and availability of skilled work force and how the Central and State governments can play a key role in capacity building. Given the uptake of online learning, the speakers also explored the role of technical courses and online programs in bridging the skill gap. “ARAI through its academy is contributing to e-mobility development in the country. We have started MTech program as well post-graduate program in e-mobility and autonomous vehicles. We are also collaborating with IESA for training program in microgrid sector. We aim to prepare 10 million professionals to engage in e-mobility sector.” DR. K C VORA Head - ARAI Academy | November-December 2020

91 “The e-mobility sector is expected to generate around 10 million job opportunities in the imminent future. We have tied up with companies to provide on-ground experience for the students and acquaint them with the industry expectations from future batch of industry professionals. IESA Academy, ARAI Academy and likes of it have been helpful in formulating such industry-specific training programs and curriculum for preparing innovators and leaders of tomorrow.” DR. ADINATH M FUNDE Assistant Professor - School of Energy Studies Savitribai Phule Pune University

Make in India (CXO’s Perspective on Indigenous Manufacturing) CXOs deliberated on ‘Make in India’ policy and government initiatives. They also discussed the opportunities and challenges in energy storage and EV and short-term action pointers and longterm strategy. “My view is we have to continue with innovating at the grassroots level. For example, battery swapping - can India take a much more serious shot at it, so that the upfront investment on battery is not a concern, range anxiety is not a problem, and the charging infra in not coming in the way; so there is a significant segment of the market that would find true innovative, cost-effective, consumer assuranceoriented solutions around swapping. In my view there is not much work done in developing battery swapping as a business model in India.” VIJAYANAND S CEO Amara Raja Batteries “There is a need to create a framework or an environment where you create some sort of a local capacity building and innovation that will create a few companies. My fond hope is that there should be at least four or five companies coming out of India in the second wave and be willing to scale and compete with the global players because they have some unique capacity to address a market that is uniquely domestic and then it can be replicated in Africa, Middle East or South East Asia or other such similar markets.” RAKESH MALHOTRA Founder SAR Group

STATIONARY ENERGY STORAGE INDIA The sessions in this section were focused on stationary energy storage, where the speakers deliberated on the overall ecosystem, starting with policy and regulatory framework, factors that were enabling, and challenges that needed to be addressed. Special focus was given to challenges in the grid-scale energy storage and the opportunities in Behind-the-Meter (BTM) storage market. Regulatory & Policy In this session, speakers deliberated the need for storage to make the energy transition sustainable. Panelists explored the need for innovative financing and policy support to make storage palatable and fast. Five important things to consider were local manufacturing, regulations for power system by regulators, adoption of storage for end users, operational requirements (BIS Standards, Safety norms), end-of-life decision on batteries (sustainable disposal). “Different types of energy storage find different use, but we need to have a regulatory policy to support because due to the increasing penetration of variable renewable energy there is demand-supply mismatch, in addition to this, technology uncertainty and lack of market structure and differences in characteristics of different ESS technologies need to also be looked into.” RAVINDER SINGH DHILLON CMD - Power Finance Corporation (PFC) November-December 2020 |

92 “What we need is a holistic policy framework and standards that enable local manufacturing of BESS, regulations of power systems stakeholders, adoption of storage by end-users and customer; and to make all this work a lot of work is required on BIS standards, safety norms, and sustainability such as end-of-life disposal of the battery.” GANESH SRINIVASAN CEO - Tata Power DDL

Grid-level Energy Storage Integration Speakers in this session shared their global project experience, learnings and thoughts. They also discussed opportunities in energy storage at various levels in Grid (G-T-D), and ways to make the energy transition sustainable. “The new tenders that are coming out in the country focus on energy storage as one of the aspects. C&I is also one of the emerging sectors that look to deployment of battery storage combined with large power generation projects. The demand curve in India can only be fulfilled with RE coupling with energy storage technologies. We, at Tata Power, are also looking at such technologies with great optimism.” SANJAY BANGA President (T&D) - Tata Power “We are very watchful about being technology-agnostic and positioning the same in energy storage. Fluence, today has gigawatts-plus in energy storage technology deployment and we expect to replicate the same in India. Asset digitization is leapfrogging, and we are looking forward to it.” RAJENDRA SHRIVASTAV President & Market Business Leader AES India “It is necessary to combine renewable energy projects with storage technologies. After the power failure in Mumbai, there was a mutual industry learning takeaway that installing large-scale battery storage is requisite to avoid such incidences in the future. Storage technologies deployment is one of our focus areas and we look forward to it.” SHASHANK ADLAKHA Senior VP - Renew Power

Behind the Meter (BTM) & DER In this session, the speakers discussed the role of energy storage in BTM applications and the market, and shed light on rooftop PV + storage. Also discussed was: power quality and reliability improvements through ESS, battery technologies beyond Li-ion, BTM & DER application in micro and mini grid market and applications. “We are at an exciting stage when we are seeing fuel source getting changed, globally regulations like FERC 2222 is being implemented, which means decentralized technologies can play at a larger scale and this will eventually be adopted by other countries as well. In India there is a lot of excitement from potential BTM customers. The biggest driver for this is that the cost of storage is declining rapidly and storage makes solar reliable.” ADARSH DAS Director & CEO - Sunsource Energy “Policy and regulation remain the main barriers to the BTM market affecting their viability, in addition modeling the solutions are also critical.” C NIRANJAN Sr. GM - Advanced Products, Amara Raja | November-December 2020

Asset Management - Analytics & Digitization This session focused around: O&M optimization and improvement of asset life through analytics and digitization avenues, potential software platforms in the market today and how they benefit operational projects, operational case studies and role of analytics and digitization in optimizing O&M costs and making fault detection easier. “One of the key things is to maximize asset lifetime and maximize the returns and optimize the value that people are investing within there, and one of the things to improve all the areas of performance is to reduce the time to identify defects.” ANDY BRAY BD & Sales Manager i-EM “To transform the business intelligence data analytics is key and also automation has a big role to play. Also, the turnaround time of the entire process is critical, and thus reducing that increases reliability and availability.” RAHUL PENDHARKAR Senior IT Manager CES

Financing Storage Projects This session saw discussions on the current financial institutions and their approach towards the present transition to energy storage. Speakers touched upon financing instruments that currently prevail in the market and what more the industry needs to do to promote investments. “Financing is a critical aspect in India’s transition to clean energy. There is a need for innovative finance mechanism developed and deployed to accelerate the market development and enhance the viability of the sector. The creation of ancillary services market will help make a case of battery storage market development.” KANIKA CHAWLA Fellow & Director - Centre for Energy Finance CEEW “Lenders look at multiple risks and rewards; revenue diversity of energy storage is a one of the key parameters. The key challenges in financing for storage is technologies, asset life mismatch, off-taker risks, PPA bankability, contracting structure risks and operational risks. Storage financing will become easier if these streams are in place.” SUNIL JAIN CEO & ED Hero Future Energies “The battery storage market is accelerating, and we are working closely with investors like IFC, government agencies like the NITI Aayog, and others to innovate new ways for enhancing the market further through finance mechanism.” SIMON STOLP Country Lead (India) - Energy & Extractives World Bank Group

November-December 2020 |

INDIA E-MOBILITY (EV & CHARGING INFRASTRUCTURE) CONCLAVE The sessions held under this section focused on electric mobility. The panelists analyzed the complete ecosystem starting from policy framework, and significant State-specific policies that have been passed to incentivize EV adoption. Regulatory and Policy This session had speakers covering NEMMP, FAME I & II, Phased Manufacturing Program, in addition to relevant State-level EV policy. The panelists also discussed the policy barriers on battery swapping such as GST on batteries, insurance and warranty on batteries, interoperability, and coverage of retrofitted solutions with AIS certification. “We are primarily focusing on charging infrastructure across the EV value chain in the country. Having worked in these areas for last three years, two aspects are important: 1. air quality, which has been impacting the economic activities on the country and 2. dependency on crude oil, which helps the mobility in the country.” SAMEER PANDITA Director Bureau of Energy Efficiency (BEE) “The willingness of masses to adopt e-mobility made a case for implementing effective charging infrastructure in the State. We were fortunate to have Fortum to come forward and help us set the charging infrastructure along with IOCL and PowerGrid Corporation. The electric storage system is integral for success of e-mobility. One area which we invested in is standardization of equipment. Our target is to ensure 100 charging station to be established in the State.” JAYESH RANJAN, IAS Principal Secretary to Government of Telangana Industries & Commerce (I&C) Department, & (ITE&C) Department

Electric Mobility 360 (OEMs perspective: e-2W, e-3W, e-4W, CV: LCV, BUS) Here the speakers discussed the impact of COVID-19 Pandemic and digitization effect on consumer behavior. On the market-side the panelist shed light on the demand segments and exports opportunities and also EV financing. Some other topics discussed in the session were technology and EV ecosystem. “The water transport is significant sector in India. Solar-electric boats are economical, availability of sun is in abundance in the country. There are three things we look to address: remove the discrimination, identify water transport under FAME II for subsidy, develop the marine battery technology for further enhancements of the e-boat sector.” SANDITH THANDASHERRY CEO NavAlt Solar & Electric Boats “In the last five years, a lot of progress has been made on policy side. Booster incentives in subsidy will make the e-vehicle more attractive to the customers. Support from lenders for demand creation will be beneficial. Li-ion is the future, and we were the first to launch an e-2W with Li-on battery kit. I urge the batteries companies to expedite the advancements in BMS. Battery swapping will also need to gain momentum.” SULAJJA MOTWANI Founder & CEO Kinetic Green Energy & Power Solutions | November-December 2020

EV Components, Power Train and other Opportunities for Indian Manufacturers Discussion in this session was on pathways for strengthening domestic value chain for components, alongside the gaps in supply chain. Speakers also touched upon policy interventions required, R&D incentives and standardization (connectors, power rating, range, safety, and energy), localization challenges, cost reduction strategies, contract manufacturing, battery as a service, strategic alliances and partnerships among OEMs, technology suppliers, and internet-tech ecosystem. “Electric vehicle value chain in India is expected to reach $4.8 billion by 2025. Two-wheeler and three-wheeler are the most promising segments for electrification in India for a 2025 scenario.” ARVIND GOEL MD & CEO Tata Autocomp “To support Atmanirbhar Bharat, child parts (i.e., NdFeB magnets, Mosfets) imports (which are not available in India) should be made duty free, and the import of full CBUs have to be discouraged by imposing suitable duties.” K. S. V. BABU Head of E-mobility Business Lucas TVS “First-generation EVs were adaptations of popular chassis existing at that time. However, there could be interesting second-generation vehicle technology trends like chassis as a service involving light weighting of vehicle with different component and battery fitments. Tesla is on third-generation platform keeping more focus on software side to provide great user experience in connected and autonomous vehicles.” GURUPRASAD MUDLAPUR MD - Bosch Automotive Electronics

Charging Infrastructure and Battery Swapping The panelists discussed existing business models of charging infrastructure companies, TCO economics, in terms of the improvements with battery swapping. Also discussed was utility-led charging infrastructure: residential, commercial vs swapping and public fast-charging network. Speakers deliberated on the role of utilities in customer connect, demand aggregation, project implementation and operations. Standardization of charging equipment and safety protocols were also discussed. “We are working on enhancing the scale of charging infrastructure set up in the country. We have adopted European standard for manufacturing of vehicles in the country. Bharat charging standards have been formulated to provide a benchmark for the indigenous manufacturers to scale-up their manufacturing.” REJI PILLAI President - India Smart Grid Forum (ISGF) & Chairman - Global Smart Grid Federation “In India, we have two-wheelers take the top position in terms of e-mobility. There is a need for a reliable public charging network, though home charging is picking up at good pace. The Electricity Act is currently being amended. I would like to recommend State governments to allow open access to green power for powering the charging points across the country.” AWADHESH JHA VP – Charge & Drive and Sustainability Fortum India November-December 2020 |

EV Adoption in India and Users’ Perspective In this session EV adoption from a user’s perspective was the center of discussion. Apart from the driving factors of EV adoption, the panelists shed light on CO2 emission targets and TCO economics and also deliberated on the challenges in terms of energy, infrastructure and e-mobility and the strategy for achieving zero emission trucks and vans on the road. “In shared mobility, there are host of players who have shown interest. We have reached 1,500 cars addition to our fleet and are in process of adding more for which tenders will be floated. The total cost of ownership of an EV is much less than an ICE vehicle. The State governments have also upped their ante with incentives in form of subsidies for the EVs. It is the right time to push for e-mobility in the country.” D.G. SALPEKAR Head of Electric Vehicle Programme EESL “There has to be a uniformity across the State offering level-playing field between private and the State transport operator. The subsidies available for e-bus is missing. Equal amount of bank guarantee to the subsidy offered needs to be in place, which has been a major drawback and discourages private operators. Most of our cost is related to electricity tariff, manpower cost. etc. These are few points that are keeping the private operators away from adopting e-bus mobility.” PRASANNA PATWARDHAN Chairperson & MD - Prasanna Group of Companies President - Bus and Car Operators Confederation of India (BOCI)

ENERGY STORAGE AND EV R&D SUMMIT In this section of the week-long event, the focus was two-fold: R&D activities and the Energy Storage and Investment summit. The sessions included discussions on energy storage and investments both in India and globally. The peakers looked at how investments at the global scale can be synergized with the opportunities in India. Indian R&D Ecosystem & Industry - Academic Partnership on Storage Technology Research

The speakers discussed battery research status in India, various government initiatives on battery research and the way forward. “The R&D ecosystem in the country is strong as we have a funding for past 50 years. We have look into the TRL, IRL and system resilience level for the business scenario to flourish. We are taking the input of the industry and sharing it with scientist to carry further research on the same. The storage market is worth $119 million and India is growing at an excellent CAGR level.” DR. SANDIP CHATTERJEE Director / Scientist F Ministry of Electronics & Information Technology “In India, the R&D is a blend of several autonomous research institutes across the country. CSIR-CECRI is the theme nodal for E2D theme. We have half-a-dozen labs working in different form of energy research to ensure sustainability for energy sector. We have identified areas of concentrations and that have made impact. We have classified different technology spectrums and are working on it. It will help us to identify the R&D gap.” DR. N. KALAISELVI Director CSIR-CECRI | November-December 2020

Advancement of Battery Technologies and Recycling The panelists in this session spoke on advancement of Li-ion, sodium-ion and other chemistries of batteries technologies and recycling, including solid state battery, metal air battery and high temperature battery. “To meet the e-mobility ambitions, the need for mega factories for Li-ion batteries manufacturing is of utmost importance. We have set up a state-of-the-art Li-ion battery manufacturing plant in Chennai. ARCI has developed unique kind of batteries. There is also a process in place to reduce the cost of such battery manufacturing.” DR. R. GOPALAN Regional Director - International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) “The idea is to combine sodium batteries with energy storage systems for solar energy and wind energy projects. The target for the storage system is 100-2000 MWh for deployment in India. The cost of LiB is higher and limitations on resources. In the case of large-scale storage systems, to overcome the geo-political issue, sodium batteries are a viable option. We have also introduced a non-flammable electrolyte for sodium batteries.” PROF. PALANI BALAYA National University of Singapore (NUS)

Technological Readiness of Hydrogen Storage for Stationary and EV Applications In this session, the panelists discussed research status on hydrogen storage including electrolyzer, hydrogen storage infrastructure and fuel cell for stationary storage. “For solar energy to succeed in India, it has to be coupled with efficient energy storage systems. Having solar cells plus batteries or solar cells power conversion to hydrogen is the point of deliberation. Like many labs in India, we at IIT labs focus on developing electrocatalysts. A lot of research has been done in photo electrolysis over a while.” PROF. RAJ GANESH S Pala - IIT Kanpur “Renewable energy represents a big potential in setting up an energy-efficient electricity generation and supply sector. We look into the potential hydrogen application in India. We are setting up funding programs for addressing the off-grid applications, which require a significant amount of R&D.” DR. JULIUS VON DER OHE (NÉ SCHOLZ) Programme Manager of International Energy Concepts - National Organisation Hydrogen and Fuel Cell Technology (NOW GmbH)

Importance of R&D for Advanced BMS, Thermal Management, Datamining, AI to Address Safety and Better Performance The panel discussed the significance of BMS, thermal management, multiscale modelling and AI and data mining research in e-mobility space. “R&D confirms that the final product will work as intended but it includes challenges in form of cost and time to confirm performance and safety. These challenges can be met with a combination of dedicated modelling depending upon the product. UL has worked extensively and has collaborated with academicians on the modelling system.” DR. JUDY JEEVARAJAN Research Director Electrochemical Safety - Underwriters Laboratories (UL) November-December 2020 |

98 “When we talk about the battery management system, the most important part is safety. Maximizing its life is another aspect. Some aspects become integral to the battery management system for optimal results and safety. Multi-scale modelling helps in understanding system behavior. Analytics is one tool that requires data and it is extracted from the battery pack.” DR. KAUSHAL Sr. Project Advisor C-BEEV - IIT Madras

Drivetrain and EV Components Related Research to Improve Performance of EV “A high-performance battery is something that is integral to new-age e-2W along with utmost safety. R&D cannot be limited to the design aspect and it needs to encompass manufacturing as well. We actively designed the BMS for a crash scenario. We are actively looking at R&D in every aspect of electric two-wheelers.” SHREYAS SEETHAPATHY Team Lead - Battery Engineering Ather Energy “Designing an electric driveline is a complex process. With increasing power density, the thermal management system is important for the successful deployment of an optimized and powerful drivetrain. Testing in a reliable environment, which in turn requires building testing capacities. In India, the kind of overall competence needs to be enhanced from the present conditions.” DR. A K JINDAL Advisor E-Mobility, New products and Technology TATA AutoComp System

ENERGY STORAGE & EV INVESTMENT SUMMIT This was the concluding section of the IESW. Sessions revolved around Global and India investments in energy storage and EV ecosystem, pathways of investments in early stage startups, and sectorwise trends. In the final session, 12 startups that were shortlisted for the Global Startup Outreach Program, presented their startup pitches to the jury board. Early-Stage Investment in Startups The panelists put forth their thoughts on investment in early stage startups, angel investment, the significance of incubation and accelerator. They also discussed investment by family offices and diversification by conglomerates. “We believe that incubation and acceleration for such startups is increasingly important. What takes a startup forward in their journey is not always funding but also support with how they target the market segment, how do they figure out where the solution fits in, even softer skills are useful and I do not think that should be discounted from our discussion on building a startup ecosystem.” SIDHARTH CHOUDHARY AVP - AGNIi, Invest India “We are investing across the gamut, because we still take the view that there is a whole universe of opportunities and new developments in energy storage and we are going to ‘seed the field’ to ‘see the field’. We have to put a lot of companies on the starting line to find out what the end results would be and we should not presume anything (battery chemistries, or other things) as a lot of these things are yet to be determined.” DANNY KENNEDY CEO, New Energy Nexus | November-December 2020

M&A, JV, Investment in Growth Stage Companies in Energy Storage & E-Mobility

The focus of this session was on sector trends and technologies subjected to large scale investments. Panelists discussed the latest JVs, strategic partnerships impacting the stationery storage and EV sector and discussed merger and acquisitions. “Energy storage is one of the booming sectors in India, it can be one of those sectors where the application of the product will become more valuable than the product itself.In the last few years, especially in the energy storage segment VCs have pumped up over $120 million of institutional money in the startups, primarily funding EV manufacturers doing in-house battery development.” SARANSH ROY Investment Specialist Invest India “We typically work with companies at seed to series 8 level, where they are grooming their products and services, innovation, getting access to market, early validation from customers or the end-business, and scaling their business from thereon.” ISHAAN KHOSLA Co-founder Huddle

Start-Up Pitch by 12 Shortlisted Startups This final session had 12 startup pitches presentations (shortlisted from over 40 applicants) and jury feedback on each, as a part of the Global Startup Outreach Program. The program was organized by IESA in association with UNIDO, for startups in e-mobility, clean energy, energy storage and clean transportation sectors. The program was supported by Invest India, Startup India, TiE Global, New Energy Nexus, MeitY start up hub and VJTI- TBI. Minion Labs, NavAlt Solar & Electric Boats and Jeevtronics were the top three winners that emerged from the Startup Competition. All the three winners were awarded with a complementary IESA membership for a year and access to mentorship from IESA Leadership Council. (To read more about the program and the winners see Page 110)

THANK YOU PARTNERS Supported by

Knowledge Partner

Organized by

Session Partner

Silver Partner

Bronze Partner

Host Media Partner

Associate Partner

Innovation partners

Expo Partners

Workshop Partner

Start-up Partners

Country Partners

Supporting Partners

November-December 2020 |

100

ENERGY STORAGE

Soaring High: State of investments in the energy storage market As energy storage gains prominence in the clean energy sector globally for its ability to help mitigate climate change, investments in this sector are expected to soar in the next few years. Global investment outlook

A few of the noteworthy investments in these sectors include: • Primus Power — Chrysalix Venture Capital, Anglo American Platinum, Matador Capital Partners ($106 million raised) • Vionx Energy — VantagePoint Capital Partners and Starwood Energy Group ($193 million raised) • Malta Inc.— Breakthrough Energy Ventures, Alfa Lava, Concord New Energy Group ($26 million raised to date) • Form Energy — Breakthrough Energy Ventures, The Engine,

Source: CES

The global energy storage sector is at an atypical stage of growth. With higher adoption of energy storage in e-mobility and renewable integration (rooftop solar+storage, solar+wind - storage hybrid), grid stability, commercial and industrial applications like telecom, data centers, microgrids and residential sector – Evs and residential energy storage is expected to account for most of the growth. The industry has witnessed fourfold increase in venture capital (VC) investment in energy storage space from 2015- 2016 to 2019. With the emergence of innovative companies in energy storage space, VCs have started to look at this space as having a promising future as compared to the conventional internet-based companies. Given COVID-19 pandemic this year, we anticipate the total VC investments in 2020 to be similar to that as of 2019, unless it records a significant increase. In 2018, lithium-ion based battery technology companies received the most funding ($236 million), followed by energy storage systems companies ($193 million). Li-ion based battery technology companies received the most

funding in 2019 with $1.4 billion. Other categories that received funding included gravity storage, flow batteries, compressed-air energy storage, energy storage downstream, fuel cells, liquid metal batteries, thermal energy storage, solid-state batteries, sodium-based batteries, and zinc-air batteries. There were 10 mergers and acquisitions (M&A) in the battery storage category in 2019, of which only two disclosed transaction amounts. In 2018, there were 16 M&As, three of which disclosed transaction amounts. In 2020, increase in funding was largely on account of Northvolt's $600 million equity raise.

| November-December 2020

and Prelude Ventures ($9 million raised to date) • Q u i d n e t E n e r g y — N X T Ventures, Breakthrough Energy Ventures, Evok Innovations ($8 million raised to date) Solid-state battery tech • QuantumScape — Breakthrough Energy Ventures, Volkswagen, Kleiner Perkins, and Khosla Ventures ($297 million raised to date) • Farasis Energy — Industrial Bank Company, Dongxing Securities, China V Fund, Soochow Asset Management ($815 million raised to date) • SKIO Matrix — IDG Capital, Hua Ying Capital, Meridian Capital China, and Dingcang Capital ($307 million raised to date) • Bill Gates leads $10 million investment in Quidnet Energy's long-duration geo-mechanical pumped storage • Canada announces CAD590 million investment in Ford electric car plant: The Canadian government and the province of Ontario announced investments of CAD295 million ($223 million) in a Ford factory said to be the largest EV plant in North America. • BlackRock invests $118 million in UK e-vehicle startup Arrival:

101 Similarly, the EV industry is also catalyzing the growth of the energy storage industry. Hyundai Motor Group and SK Innovation announced to develop EV battery ecosystem. CATL announced it will enter the EV manufacturing space. After the US and China, Tesla forayed into Europe to set up its next Gigafactory. Tesla displaced Toyota Motor as the world's most valuable automaker in October 2020, underscoring investor enthusiasm for a company trying to transform an industry that has relied on internal combustion engines for more than 130 years. The shares of Tesla, which have more than doubled since the start of the year climbed and surpassed the valuation of Toyota Corporation. Tesla became the world's second-most valuable automaker in January this year when it surpassed Volkswagen AG. It is now worth more than twice the German giant. Over the years, oil giants started investing in renewables, e-vehicle and energy storage companies. Shell acquired Sonnen and invested in New Motion and Total invested in EREN Renewable, Sun Power, SAFT, Go Electric over years. Other significant M&A deals include: Image for representation only

BlackRock Inc invested $118 million in British EV startup Arrival, engaged in the development of e-commercial vehicles, including buses and vans. • Fiat Chrysler to invest up to $1.5 billion to build EVs at Canadian plant: Fiat Chrysler Automobiles NV will invest between $1.35 billion and $1.5 billion in its Windsor assembly plant in Canada to build EVs • A v a l o n - r e d T ' s merged 'Transatlantic flow battery entity' to be called Invinity According to a report from Lux Research, the global energy storage market is projected to grow to $546 billion by the year 2035. One of the largest markets is likely to be residential energy storage, with an expected compound annual growth rate of 76 percent and $8 billion revenue

increase over the next three years. IHS Markit predicts that storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite COVID-19 with favorable State-level policies set to keep the US the global capital for the next five years. Falling battery price is one of the reasons cited for the impressive growth of storage deployment, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment, as per BNEF estimates. It will be made possible by further decline in the cost of Li-ion batteries, on top of an 85 percent reduction in the last decade.

Parent Company

Acquired Company

Solarwatt

E-Wolf

Agreko

Yunicos

Wartsila

Greensmith

Doosan

1Energy

Enirgi Group

LSC Lithium Corporation

Ormat Technologies

Viridity Energy

Generic Power system

Pika Energy

Fluence

Advanced Microgrid Solutions (AMS)

Calmac

Trane, an Ingersoll Rand company

ENEL

Demand Energy

Engie Group / GDF Suez

Green charge Network, Solairedirect, EPS

Macquarie-owned GIG

Conergy

Over the years, Tesla acquired different companies to strengthen its upstream and downstream value chain such as SolarCity Corp., Maxwell Technologies, ATW Automation, Perbix Machine Co., Hibar Sytems Ltd and many more.

November-December 2020 |

Source IESA

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India investment outlook

Indian energy storage market is at a growth stage and with the announcement of various demand-side policies and manufacturing policies, both by the Central and State government. In November, Indian Cabinet approved the National Program for Advanced Chemistry Cell Battery Storage Manufacturing as part of the Production Linked Incentives (PLI) program for 10 sectors. To achieve this, NITI Aayog, on behalf of the government, issued draft Request for Proposal (RfP) documents for the selection of private entities to set-up manufacturing facilities that produce Advance Chemistry Cells (ACC). ACC battery has been approved a financial outlay of `18,100 crore, and automobiles and auto components have been approved `57,042 crore. In India, the stationary storage market stood at 21 GWh in 2019. The India Energy Storage Alliance (IESA) projects that the market can grow to 328 GWh in the bestcase scenario by 2027. IESA has been working closely with various government bodies to support

the industry and to make India a global hub for manufacturing and adoption of energy storage and electric mobility technologies. The market potential will be majorly led by behind-the-meter (BTM) applications like distributed solar, diesel optimization, inverter backup, telecom, rural electrification and thermal energy storage. The potential of this space is huge and is projected to capture 70 percent of the market. With government of India's vision to have 450 GW of renewables by 2030, the penetration of energy storage in this arena is necessary. IESA also projects a cumulative market potential of $21 billion – $38 billion at a CAGR of 14 percent in the bestcase scenario. The cumulative battery demand from EVs during 2021-2030 is expected to hit 950 GWh. This includes Li-ion chemistry and others. The e-4W segment is expected to account for nearly half of this potential while e-2Ws will make for one-third of it. As e-cars hit cost parity with ICE vehicles due to the drop in battery prices and economies of scale, the adoption of e-cars is set to increase rapidly by 2025 and beyond.

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India's Li-ion battery potential in EV and stationary storage is set to cross 60 GWh by 2025 and 360 GWh by 2030 annually, when set to meet the national RE target and EV target of 2030. The share of stationary and EV is expected to be equal till 2025, beyond which EVs are set to grow four times that of stationary potential by 2030. There have been some major investment announcements in the energy storage and e-mobility space in India in the recent years. Amperex Technology Limited (ATL), a Japan-based company owned by TDK Corp, acquired 180-acre land for `550 crore near Gurugram in Haryana from Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). A global leader in supplying Li-ion phosphate (LIP) batteries across the world, ATL has two cell manufacturing facilities in China. It has decided to invest in an Indian manufacturing unit by the name of ATL India Technology Pvt Ltd. The company plans to invest `7,000 crore in the next few years to supply batteries to industries including smart phones, e-2Ws and e-3Ws. Epsilon Carbon, a coal tar derivatives company, is planning to invest `500 crore over

103 the next five years to manufacture graphite anode materials for Li-ion batteries (50,000 ton anode material capacity by 2025). Amara Raja Batteries has entered into an agreement with Gridtential Energy, to collaborate on bipolar battery technology. Gridtential Energy is the inventor of the silicon joule bipolar battery technology, which combines the traditional benefits of lead batteries with Li-ion batteries’ performance and life cycle. As per the agreement, both the companies will assemble and test reference batteries using Amara Raja's active material and work on the improvements in their life cycle, energy density, efficiency, charging rates, and manufacturability. Singapore-based ChargeXO and Greenko Energy Holdings planned to set up 1GW battery storage units each at investments of nearly

Image for representation only

`3,000 million per unit at Telangana. Grinntech, a start-up specializing in Li-ion batteries for EVs and energy storage systems, signed an MoU for `90 crore investment with the Tamil Nadu government to establish a battery as well as battery management system manufacturing facility in the State. In 2020, Li-Energy announced an investment of `300 crore for EV battery packs in Tamil Nadu. AEPPL, the joint venture between Japanese majors Toshiba, Denso, and Suzuki, announced it will invest `37.15 billion in the Gujarat plant between 2021-25, having pumped `12.5 billion into the first phase of development. EV-maker Evolet India, part of Rissala Group, is keen on setting up Li-ion assembly and manufacturing facilities in the State of Telangana with an investment of `500 crore. The company plans to create an

assembly plant for e-2Ws to cater to domestic and export markets. There is scope to set up product lines for ancillaries such as EV motors, controllers, and batteries. In November 2020, Exide Industries, India's largest lead-acid battery manufacturer increased stake in its lithium battery joint venture (JV), Nexcharge with Swiss energy storage solutions company Leclanché to 80.15 percent through an additional investment of `33.17 crore. The Burman family, promoters of Dabur India, have picked up a significant stake (8.48 percent) in the country's largest dry cell battery, Eveready Industries. The investments in Eveready were made by the promoter family in their personal capacities to acquire an additional 50 lakh shares and reportedly have nothing to do with the listed Dabur entity. Some major investments in the Indian EV sector include: • Hyderabad-based EV startup Etrio obtained funding worth $3 million for new EVs • Bosch acquired 26 percent stake in SunMobility • Electric ride-hailing platform BluSmart obtained $7 million (`51 crore) in funding to further market penetration • Bengaluru-based e-mobility t e c h n o l o g y c o m p a n y, C e l l Propulsion which designs and manufactures EV powertrain and EV parts has raised pre-Series A funding from three investors growX, Micelio, and Endiya Partners • Toyota announced to invest more than `2,000 crore in India • EVage Ventures, a Chandigarhbased electric vehicle and mobility-technology startup, has raised undisclosed funding from Ola Electric Co-founder-Anand Shah, BryAir Director-Varun Pahwa and DMI Group partner, Anmol Nayyar • G r i n n t e c h , a n I I T M a d r a s incubated EV and energy storage systems battery startup, has secured approximately $2 million (`14.6 crore) in funding from four new investors including V Sumantran, former

November-December 2020 |

104 Vice-Chairman, Ashok Leyland, and V Lakshmi Narayanan, Co-Founder, Cognizant, UCAL Group and K S Manian, promoter of Radiance Group • Edison Motors, South Korean based electric bus making company has expressed interest in investing almost `5,000 crore to set up its production facility in Uttar Pradesh. It has proposed to invest `500 core to `700 crore in Phase I, and `1,000 crore to `1,500 crore in Phase II and `2,000 crore to `3,000 crore in the third phase of its EV plant in Uttar Pradesh • Revolt Motors, the EV venture of Micromax, plans to raise equity capital of up to $100 million (` 734.8 crore) to fund product development and expansion into more cities • Ultraviolette Automotive Pvt Ltd, the Bangalore-based EV manufacturer has received `30 crore as part of its latest round (Series B) of funding from TVS Motor company • F o r m e r N e w M o t i o n C E O invested an undisclosed amount in Mumbai-based EV charging company BrightBlu • Hero MotoCorp, a leading manufacturer of motorcycles and scooters, has announced that it has invested ~$11.25 million (`840 million) in Ather Energy. According to a BSE filing, Hero MotoCorp's share in Ather Energy has increased to 34.58 percent with this latest investment • Ampere Vehicles, a fully owned electric mobility subsidiary of Greaves Cotton Ltd., announced the acquisition of Bestway Agencies Pvt Ltd (BAPL), a Noida-based e-3W company that sells e-rickshaws under the popular ELE brand • Yulu, a Bangalore-based micromobility service provider, has announced that Rocketship VC has invested ~$3.95 million (`300 million) in the company • Euler Motors, a New Delhi-based EV manufacturer, raised $2.66 million (`200 million) as part of its ongoing Series A funding led by Inventus Capital India,

a Bengaluru-based venture capital firm • RR Global, a prominent player in electrical goods industry, has forayed into EV segment with plans to invest `125 crore in the next three years in the venture. The Mumbai-based firm plans to launch two electric scooter models this year • Mahindra & Mahindra has signed an MoU with Israel's REE Automotive to explore development and manufacturing of electric commercial vehicles (ECVs) for global markets. As per the agreement, Mahindra will leverage REE's EV corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel. Apart from EVs and Li-ion-based battery technology, other technologies and hydrogen fuel cell are also getting tractions in Indian market. Indian clean tech startup h2e Power has acquired Swiss fuel cell specialist Hexis AG. The deal has been closed through its German subsidiary mPower GmbH from the German climate and energy solutions focused Viessmann Group. The company did not disclose the deal amount. The UK-based Faradion Ltd, a manufacturer of sodium-ion batteries, has announced a partnership with Infraprime Logistics Technologies (IPLTEC) to provide batteries for commercial vehicles in the Indian EV market. As per industry sources, Greenko Energy Holdings has emerged as the preferred buyer for Massachusetts-based NEC Energy Solutions in a deal potentially valued at around $300 million. NEC Energy holds the intellectual property rights for megawattscale Li-ion batteries. The development will bring a huge opportunity and significance for Indian energy storage market. Earlier this year, Greenko signed a MoU with NTPC Vidyut Vyapar Nigam. This agreement will explore energy storage and renewable energy (RE) power supply solutions across India.

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Distributed solar company, Fourth Partner Energy, has raised $15 million (`1.1 billion) in debt funding from responsAbility, a Switzerlandbased development asset manager. Sunshot Technologies has been acquired by Berkeley Energy Industrial Commercial Solutions (BECIS), which has Siemens, Norfund and FMO Netherlands as its investor. BECIS is a leading distributed energy solutions provider serving commercial and industrial customers. Sunshot is a market leader in the Indian commercial and industrial solar sector with an extensive market presence, a fullservice team including design, engineering, project management and asset management, and proprietary energy analytics solutions. BP to invest $70 million in India's Green Growth Equity Fund: UK-based oil and gas firm, BP is set to invest $70 million in India's Green Growth Equity Fund. Commercial and industrial-focused solar PV developer, Cleantech Solar announced that it has secured a $75 million green loans from ING Bank. IESA expects a few more deals in the Indian energy storage and electricmobility market in the coming years. With government's push on policy, diversification interest of Indian conglomerates, the emergence of start-ups, and global companies’ India market entry. With the Global Start-Up outreach Program, UNIDO Innovation Challenge on Energy Storage, Annual India Energy Storage – EV Investment Summit, Start-Up Competition, IESA Investors Circle, IESA catalyzing the growth.

Debi Dash Executive Director IESA

Leverage international partnerships for a global Leverage international presence partnerships for a global presence

Showcase your product, solutions and services to product, your Showcase audience targeted solutions and services to targeted audience

Policy & Regulatory Advocacy on Energy Storage, EV & Policy & Regulatory Advocacy Micro-grids on Energy Storage, EV & Micro-grids

Knowledge Platform (webinars, masterclass, trainings and (webinars, Platformprograms) Knowledge capacity building masterclass, trainings and capacity building programs) 25+ Networking Events to help grow your business 25+ Networking Events to help grow your business

Showcase your product, solutions and services to targeted audience

Market Research and Strategy support Market Research and Strategy support

Leverage international Assistance for Government and public/private partnerships for Tenders a global Assistance for Government projects presence and public/private Tenders projects

IESA ADVANTAGE IESA ADVANTAGE

Policy & Regulatory Advocacy on Energy Storage, EV & Micro-grids

Knowledge Platform (webinars, masterclass, trainings and capacity building programs)

IESA works in three major verticals 25+ Networking Events to help grow your business IESA works in three major verticals

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Conclave, India Energy Storage Policy Forum India Energy Storage Alliance, C/O Customized Energy Solutions India Pvt Ltd

India Storage Alliance, C/O Customized Energy Solutions India–Pvt and Energy Technology A 501, 5thEnergy Floor I G.O. Square, Aundh –Storage Hinjewadi Link Road,Summit. Wakad,In Pune 411Ltd 057 A 501, 5th Floor I G.O. Square, Aundh – Hinjewadi Link Road, Wakad, Pune – 411 057 addition to this, IESA also organizes Energy E - contact@indiaesa.info www.indiaesa.info E - contact@indiaesa.info Storage India (www.esiexpo.in), an www.indiaesa.info annual

International Conference and Exhibition

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ENERGY STORAGE

UNIDO-CES partnership to promote energy storage innovations in India The ‘Facility of Low Carbon Technology Deployment (FLCTD)’ project, launched by the United Nations Industrial Development Organization (UNIDO) jointly with the Bureau of Energy Efficiency, came up with an expansion this year to include three more technology verticals in an innovation challenge.

he FLCTD project was started in 2016 with the main objective of facilitating deployment and scaling up of low-carbon technologies in India, by addressing technology gaps to mitigate climate change and promote use of clean energy applications. This year UNIDO expanded the project and added three technology verticals - Energy Storage, Industrial IoT and Industrial Resource Efficiency - to conduct an innovation challenge. UNIDO also engaged Customized Energy Solutions, India (CES-India) as the nodal agency to support the project management unit in the planning and implementation of innovation

challenge in electrical energy storage. India Energy Storage Alliance (IESA) is a supporting partner for this Innovation Challenge. Other partners of the FLCTD program include, CII-GBC, Sangam-AIC, Intellecap, Start-Up India and AGNII. The energy storage and e-mobility sector are at an exciting stage in India. A decade ago, e-commerce was one of the booming sectors in India followed by financial services and payment platforms, and predictably, these sectors attracted most of the investments by both angel investors and equity investors. Interestingly, in the last few years, the Indian manufacturing

ecosystem has caught the attention of investors and now the investments have shifted from the services sectors to core manufacturing and technology space.

Growth in EV & ES technologies

In the last five years, many young entrepreneurs in India have preferred setting up engineering, R&D, production, and manufacturingbased startups. Several companies have particularly started to focus on e-2W, e-3W and e-4W charging infrastructure, swapping, powertrain, battery management systems (BMS), thermal management, advanced energy storage, Li-ion, and other

YEAR 2020 - 21

Electrical Energy Storage

| November-December 2020

The United Nations Industrial Development Organization (UNIDO) promotes inclusive and

107 emerging energy storage technologies UNIDO-CES India • Startups in collaboration with like metal-air, flow batteries, sodium- partner to promote industry/ academia/research based batteries, hydrogen base innovation institutes fuel, etc. To support and encourage the new • Micro, small and medium India has a huge market for innovations in Indian energy storage enterprises (MSME) conventional technologies like lead- and e-mobility space, the FLCTD • Industries acid batteries. With a high lifecycle, by UNIDO on November 1, 2020, • Public sector enterprises high-efficiency, and stiff price launched the fourth round of the • Government laboratories reduction, Li-ion is giving a tough innovation challenge. • Non-proﬁt organizations competition to current lead-acid The aim of the challenge is to • Technologies funded under technologies. Over the years, Li-ion identify high-impact opportunities Department of Science and batteries have evolved from lithium that have the potential for energy Technology (DST) and other cobalt oxide, lithium manganese saving along with large-scale carbon government schemes, at preFLCTD PROJECT ? oxide,WHAT lithium iron phosphate, lithium OFFERS emission reductions, and to provide market phase (Technology nickel cobalt, aluminum oxide, nickel- financial support for field validation/ Readiness Level 4 - 6) and ready manganese-cobalt, and emerging beta testing of their technology. for ﬁeld trials or demonstration. technologies like Li-Air, and Li-Sulphur. The project supports innovative Other technologies like flow batteries technologies in advance stage of Technologies covered in the (vanadium redox battery, zinc band development for field demonstration innovation challenge bromine battery), Sodium-based and validation. The project does not The challenge covers technologies batteries, and zinc-airsupport are also upfew support innovation that is at the ide- such as electrochemical batteries, Financial of De-risking critical of the upcoming developments proof-of-concept or at supercapacitors, components $50,000 for for ation-stage, to US Technical Mentoring innovations specific end-applications. lab-scale. for electrical energy storage systems Demonstration & by CII-GBC and in field commercial Validationlike beforepower Indian institutions Indian including conversion systems, Subject Experts conditions launch Space Research Organisation The FLCTD project offers while the applications include (ISRO) and CentralB-testing Electro Chemical • Financial support up to $50,000 off-grid stationary applications, Research Institute (CECRI) for demonstration and validation in e-mobility, battery recycling, gridhave developed indigenous Li-ion actual field conditions (β-testing) connected and behind-the-meter. cells for energy storage demand • Technical mentoring by UNIDO, C o m p a n i e s / i n s t i t u t e s / s t a r t u p s CES, CII-GBC and subject working on innovation in electroin EV and grid-scale renewable experts, energy integration projects. In 2019, c h e m i c a l b a t t e r y, b a t t e r y more than 137 companies showed • De-risking of innovations before management system (BMS), super commercial launch their interest to licence ISRO’s capacitor or a combination of battery and super-capacitor, to address Li-ion technology to manufacture • Industry linkages Mentoring and fundit domestically. Following which, • Financial mentoring Financial a technology gap in end-use Industry Linkages and Fund Raising raising support more than 110 new startups and application to improve the adoption Support of electrical energy storage system large companies attended the pre-bid conference at Vikram Sarabhai Who can apply are highly encouraged to apply for Space Centre (VSSC) in Kerala. • Indian technical institutes, the FLCTD project. For details, visit: universities, research institutes, ISRO selected 10 companies for the www.low-carbon-innovation.org etc.EFFORTS AND transfer of its Li-ion cell technology. R&D SUPPORT ON-GOING

SPEED-UP COMMERCIALIZATION

SUPPORT ON-GOING R&D EFFORTS AND SPEED-UP COMMERCIALIZATION Electro chemical storage batteries

System test, launch & operations

System / Subsystem development

TRL 9 TRL 8 TRL 7

Technology demonstration

Super capacitors Technology development

TRL 6 TRL 5 TRL 4

Power conversion systems

Research to prove feasibility

TRL 3

Basic technology research

TRL 2 TRL 1

November-December 2020 |

108 the government's vision for 2030. The Bringing lab-scale technologies to market overall message is loud and clear that

Several IITs and national research the government and private players labs have been working on research in are serious about e-mobility and tranLi-ion batteries. At the same time there sitioning to cleaner technologies. Recognizing the momentum in the is a big gap in the commercialization of these innovation as well as linking industry, IESA organized an innovaR&D to industrial needs and their time- tion workshop at India Energy Storage lines. Hence, most of the local man- Week (IESW) on November 2, 2020, in ufacturing companies if interested in association with UNIDO. The program setting up a Li-ion cell manufactur- was aimed at startups in the e-mobiling plant in India may need to license ity, clean energy, energy storage, and technologies from countries like clean transportation sectors Korea, Japan, China, Germany, the US, Canada, the UK, or Australia. This has also been the case in the lead- FLCTD Innovation acid industry, where leading lead-acid Challenge – Success providers have traditionally licensed stories intellectual property from American, In the last three years, FLCTD Japanese, or Chinese companies. Program has successfully awarded Globally, energy storage and 40+ winners and committed over e-mobility sector are dominated by `8 crore in financial support. The large legacy companies, but the past winners included organizations Indian is witnessing a differ-| INDIA working on innovative technologies ABOUT market CUSTOMIZED ENERGY SOLUTIONS ENERGY STORAGE ALLIANCE (IESA) : in ent trend. While major conventional waste heat recovery, space conditionUNIDO has selected Customized Energy Solutions (India) as the Nodal Agency to support the petroldiesel-base ing, and pumps and Challenge motors. in Electrical Project and Management Unit invehicle Planningmanuand Implementation of Innovation Energy Storage. India Energy Storage Alliance (IESA) is athis supporting this Innovation factures have forayed in EV manufacFor year,partner the for application Challenge. IESA is actively working in the space of Energy storage, Electric Vehicle, renewable turing in India, there has also been a remains open for industrial IoT, indusintegration, & microgrids since 2012 with 100+ members. IESA teamwork with various state utilities, surge of new startups in the EV trial efficient and electrical Commercial-industrial consumers & space; national labs to resource accelerate deployment of energy storage projects & R&D initiatives. Withdriven maximum with government bodies and private this proliferation is largely by involvement energy storage. stakeholders on manufacturing & adoption, IESA has been working in driving and developing the Indian EV and Energy Storage ecosystem.

FLCTD – OUTCOME

2018

13 winners awarded INR 3.5 Crore

Waste Heat Recovery

3 winners

Space Conditioning

6 winners

Pumps and Pumping Systems

4 winners

17 winners awarded INR 5.3 Crore

2019

7 winners

Waste Heat Recovery

5 winners

Space Conditioning

5 winners

Pumps and Pumping Systems

2020 Waste Heat Recovery - 2 Winners Space Conditioning - 7 Winners Pumps and Moters Systems - 4 Winners

13 winners selected out of 178 applications Industrial IoT - Application Open Industrial Resource Efficiency - Application Open Electrical Energy Storage - Application Open

On 30th October 2020, FLCTD launched the innovation challenge to identify Innovative Electrical | November-December 2020 Energy Storage Solutions and provide financial support to innovator/entrepreneur for its field validation.

SANDEEP TANDON National Program Manager-FLCTD, shares more on the FLCTD program What is the long-term vision of the program and what do you hope to achieve? The project aims to strengthen the innovation eco-system in India, particularly for the development of technology-based solutions that are helping address the energy and climate change issue. The project is also attempting to improve the academia-entrepreneur-industry collaboration to bring innovative technology solutions so that all stand to benefit. What are some of the technologies you are particularly excited to see? In the past three years, the FLCTD innovation challenge has managed to bring to the forefront both the entrepreneurs and their technology solutions that find application in industrial and commercial sectors. It is heartening to see young entrepreneurs have developed solutions, which greatly help to reduce the energy consumption and aid the decarbonization of the food and dairy value chain when scaled up. These solutions have been validated under the FLCTD project. Why should companies apply for the FLCTD Project? The FLCTD project is unique as it provides financial support to validate innovative technology solutions that are in the advanced stage of development and thus accelerate its commercial launch. The companies and startups can benefit from the project since it provides the much-needed financial and technical mentoring support, while the technology is being validated in the actual working environment. It accelerates the commercialization of innovation.

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STARTUP

The Global Startup Outreach Program

Boosting innovation through startup initiatives

cording to a report on ‘Indian Tech Startups Ecosystem’ (NASSCOM, November 2019) the Indian startup scenario continues to expand with a healthy mix of sectors. The report highlighted that Ed-tech, Fintech, Mobility, Automotive and Healthcare were the top five sectors growing at an incredibly fast pace in India. Acknowledging the need to promote innovation in the e-mobility, energy storage and emerging technologies space and to further propel India’s drive towards a greener future, India Energy Storage Alliance (IESA) on November 6, organized the Global Startup Outreach Program in association with United Nations Industrial Development Organization (UNIDO) for startups in the e-mobility, clean energy, energy storage and clean transportation sectors. The program was a part of India Energy Storage Week 2020 (IESW 2020), IESA’s 7th annual international conference and expo on energy storage, electric vehicles and microgrids. The event was supported by Invest India, Startup India,

TiE Global, New Energy Nexus, MeitY start up hub and VJTI-TBI. IESA has held several startup pitches, organized competitions and innovation pavilions since 2013 as part of its annual flagship event, and it has worked with 35+ startups in this space. For the Global Startup Outreach Program held this year, IESA

received more than 30+ nominations from emerging startups from the field of clean energy, energy storage, energy management, and electric mobility, out of which 12 were shortlisted to present the startup pitch based on their unique quotient, innovation, R&D initiatives among other things.

The 12 shortlisted startups Dhanvantri Bio Medical (bio-medical category) Green Evolve Private Limited (EV charging category) Magnes Motor (EV category) Mojo Green (EVcharging category) NavAlt Solar and Electric Boats Private Limited (E-boats category) Vflow Tech (Energy storage category)

Each startup got to present their pitches to jury and explain the product/service worthiness. The jury board after assessing the 12 startup pitches selected three winners: Minion Labs Pvt Ltd,

| November-December 2020

Godi India (Energy storage category) Jeevtronics (Alternate energy category) Minion Labs India (Energy management category) Nanospan Energy Storage Solutions (Energy storage category) Sand Bird (Agritech category) Wenergie Eco Works (Energy management category)

NavAlt Solar and Electric Boats Pvt Ltd and Jeevtronics. The winners will receive a complementary IESA membership for a year and mentorship from IESA Leadership Council.

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The winning startups Position

Organisation

Sector / Industry

Minion Labs India Pvt. Ltd

Energy Management

Navalt Solar & Electric Boats Private Limited

E-boats

Jeevtronics

Energy

Minion Labs India

Minion Labs helps businesses to reduce their electricity costs and improve their productivity by providing real-time device level electricity consumption insights using a smart energy device delivered through its Analytical platform. They are a group of young talents joining hands together and working in AI-IoT starting from conceptualizing, designing and developing products in Smart City Workspace along with leveraging data analytics to provide services that will automate everyday living. Thus, making a simpler, easier, cost-effective, and secure life. Technology Minion is based on a machine learning approach that uses automation to train its state-ofthe-art algorithm. The algorithm

captures voltage and energy signatures at four million data points per second to identify individual assets used and study patterns of their consumption. It senses each appliance, device and tool turning ON and OFF inside the building and gives you a comprehensive report on predictive analytics and maintenance without burning a hole in your pocket. Using this data, Minion promises up to 30 percent savings, predictive maintenance, and asset health monitoring, and ensures safety through recognition of any anomalies. On being announce winner, Gokul Shrinivas, Founder & CEO of MinionLabs India, said, "We are extremely happy about being selected as a winner of IESA's Global Startup Outreach program in association with UNIDO.

MinionLabs Analytical Platform. Source: MinionLabs India

Gokul Shrinivas,Founder & CEO of MinionLabs India Pvt

MinionLabs views this association for its technology and business mentorship, access to customer/ partners, technology platform an support, investor connect, etc., with its innovation in energy management solution to address cost savings, energy efficiency, and environmental concern. Becoming a member of the leading energy storage alliance in India will give a head start to MinionLabs to accelerate the adoption of Minion Energy Management Solution across India, with its rich community of industry leaders and partners." Awards MinionLabs India has won 19 national and international awards, including awards from the Prime Minister of India, and the Crown Prince of Saudi Arabia.

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NavAlt Solar and Electric Boats

NavAlt is a Kochi-based solarpowered marine mobility startup. Its vision is to transform marine transport more efficiently by drastically reducing the energy for its operation. The company is a result of three experts coming together, along with their respective ventures – Navgathi Marine Design and Construction, AltEn Systems (France) and EVE Systems (France). NavAlt envisions a more efficient water transport system which does not use fossil fuels. Its team of engineers have combined the advancements in EV technology, naval architecture, and photovoltaics, to build electric boats and ferries that run on solar energy. Technology NavAlt Solar & Electric Boats commercial ferry, ADITYA, is India’s first solar ferry. It completed one year of operation in January 2018. In the same year it transported 500,000 people across the backwaters of

Sandith Thandasherry, Founder& CEO, NavAlt Solar and Electric Boats Pvt Ltd

Kerala, travelled 20,000 km without a single drop of fuel, and saved 35,000 liters of diesel that translates to 94 tons of CO2 and 8 tons of harmful emissions. The company is currently building three more boats of India and many more for other parts of the world.

Aditya, India’s first solar-powered ferry. Source: NavAlt Solar & Electric Boats

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On winning runners-up position, Sandith Thandasherry, Founder& CEO - NavAlt Solar & Electric Boats said, “We’re proud that NavAlt secured second position in the startup; and to receive IESA membership as a winner of the global outreach program. When road-based e-mobility is receiving both financial and policy level support from the government, water-based e mobility is always side-lined. We believe IESA membership and support will empower us to overcome these challenges and create opportunities for fulfilling our aim to build sustainable water transportation in India. With the large network and member base of IESA, we also look forward to enhancing and promoting made-in-India electric boats for world markets.” Awards 'Aditya' solar-powered ferry, which commenced operations three years ago in Vembanad backwaters, won the prestigious Gustave Trouve Award for Excellence in Electric Boats and Boating.

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Jeevtronics

Jeevtronics is a social + technology venture based in Pune. The company has developed the world's first dual powered bi-phasic defibrillator (SanMitra 1000 HCT), which works even in geographic areas without electricity. The company’s achievements include - being named among India’s top 24 startups by MSIS (Aug 2020), completed a pilot with the government, included in India’s top 20 COVID solutions by BIRAC, received CAWACH grant from DST for scaling up in response to COVID-19, and won grant from PATH - Tata Social Alpha. Technology At present, Jeevtronics has four patents around the defibrillator technology and it’s designed to meet all the international standards. It has already passed the pre-compliance test for EU-C marking and in its in-house testing, the company has fired 16,000 shocks as a part of the durability testing. The platform technology will enable the startup to develop other products and enter various market segments. Ashish Gawade and Aniruddha Atre, Founders of Jeevtronics, on being

Ashish Gawade and Aniruddha Atre with their team Source: Jeevtronics

announced third position winners, stated: “Due to COVID-19 pandemic, there has been an increased awareness about healthcare, in terms of the need for good infrastructure, health care insurance, and others. There is a heightened awareness which is giving rise to several opportunities and many innovators are coming up with innovative ideas to solve these problems.

Jeevtronics SanMitra 1000 HCT defibrillator. Source: Jeevtronics

There are new opportunities in the repurposing of technology and techniques and many task forces are currently working on existing drug or molecules used for one disease, that could be used to cure another. Similarly, in devices also we see several opportunities, overall in terms of strengthening the health infrastructure and this is a good development for a country like India.” Awards Various accolades won by Jeevtronics: - SanMitra 100 HCT included in BIRAC’s Top 20 COVID-19 solutions - Awarded 1st prize in the MedtechScaleup category at the IKMC 2020 in November - One of the selected startups for DBS50 Cohort 2017: Access to Global Mentors - One of the top six finalists at Social Venture Challenge Asia, Singapore in 2016 - Secured 2nd prize in the Tata Social Enterprise Challenge at IIM-Calcutta in January 2016 - Bagged the top position at the lightning pitch competition at the International Knowledge Millennium Conference in November 2015.

November-December 2020 |

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STARTUP

Green mobility: A promising start up ‘All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA.’ – Reid Hoffman, LinkedIn co-founder

ndia offers sizeable market potential as a nation leapfrogging into a tech driven, electrically mobile age. Market forecasts

Kathy Priyo Contributing Editor ETN

for EV growth hover around the 40+ percent levels, with a similar statistic for installation of charging infrastructure. India’s diverse needs offer an equivalent number of business opportunities to its vibrant talent. GoI supports it through attractive incentives and motivational encouragement like ‘Make in India for India’, Atmanirbhar Bharat, and of course the subject of this feature – Startup India!

| November-December 2020

In our ongoing feature on Promising Startups, we cover the fresh talent that is taking our country into the information age. Through a series of written interviews, we attempt to highlight their achievements, challenges, pain points, and aspirations. India is the third largest startup country, so we have much to cover and much to look forward to.

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Etrio Automobiles Pvt Ltd: A two-pronged approach to e-mobility Founded by Deepak MV and Sathya Yalamanchili, Etrio Automobiles is an EV company with a vision to offer the widest range of EVs. The aim being to bring an affordable and accessible electric form of mobility to everyone. What inspired you to dethrone ICE and what was the vision that started Etrio? Every problem begets a solution and of late the ICE vehicles have been the root cause of so many problems. Where shared mobility has been touted as a solution for some of the problems, the last mile remains a challenge. Love for nature, the dislike for congested roads and the ray of hope that electric mobility offers drove us to dethrone ICE. Etrio has envisioned EV adoption with a unique two-pronged approach to build new EV products and to convert existing ICE vehicles into electric. Our starting point has been commercial vehicles. Etrio aims to be the leading EV player for intracity logistics. Etrio was founded in 2017 with the vision - EV for All, to transform the environment, lifestyle and businesses. The company brings the widest range of EVs including two, three and four wheelers to drive affordable e-mobility. We aim to be the leading EV player for intra-city logistics. Today, our portfolio has EV

Etrio Factory

Lets Transport, Delhivery and many others.

DEEPAK MV Founder Etrio Automobiles

products across a payload ranging from 75 kg to 750 kg including a new e-3W product range under the brand Touro; a new e-bicycle brand called Ashva and a retrofitted e-LCV (electric light commercial vehicle), the Tata Ace. While the e-3W and e-2W are yet to be launched, the e-4W retrofitted Tata Ace has been running successfully for a year in six major cities. Etrio has in a short span of time established credibility and gained trust of leading e-commerce and logistics players including Amazon, Flipkart, Big Basket, GATI,

Could you share some details about the founders of Etrio? The team at Etrio is led by Deepak V who is the co-founder and CEO. An alumnus of IIM Calcutta, Deepak is a proven entrepreneur and an Auto Industry leader. He has over 15 years of experience in different domains including sales, finance and consulting in blue chip companies including Tata Motors and Axis Bank. Dr. Krothapalli currently serves as Etrio’s CTO and is Professor Emeritus of Mechanical Engineering at Florida State University. He had founded five start-ups, has five US patents and over 200 scientific papers. The core team comprises individuals with more than 10 years’ experience with leading companies in EVs, R&D, automotive service, power and telecom and pre-owned cars. The corporate office of Etrio is located at Hyderabad with its production facilities spread across Hyderabad and Haryana. The current production capacity is over 600 vehicles per month. Tell us something about your retrofitted vehicles such as range, durability, servicing, charging, and some key specs. Our first of its kind retrofitted e-LCV is being touted by many as the Ace of intra-city logistics as well as e-commerce companies. Etrio’s best certified range is 120 km per charge and designed as a robust and durable vehicle, allowing us to provide a long warranty period of up to five years. A comprehensive service infrastructure is offered in all the regions in which we operate. We have circumvented the lack of infrastructure problem by providing

November-December 2020 |

116

Ashva cargo segment e-bicycle

iSwitch personal segment e-bicycle

an onboard charger compatible with the widely available 16 A socket. For further ease, we provide our partners with assistance on hub level charging infrastructure development. Etrio’s scientific approach towards retrofitting starts from a 150point graded vehicle selection to refurbishing the chassis and loadbody and replacing every other working component. This leads to a 7+ year’s life extension on a secondlife (5-8 years) vehicle. Etrio e-LCV has the following key specs. • Battery

20KWH

• Motor

15 KW

• Range

120 km (certified) and 80 km (to be certified) • Gradeability 7 degrees • Warranty

5 years and 1.3 lakh km battery life

The product has been tested in-house as well as with external clients for more than 1.3 lakh km, delivering an average range of above 100 km for a payload of up to 500 kg. There is a huge interest in bicycles post COVID-19. How does your company feature in this new market segment? Could you share specs on Touro and Ashava? Touro: Etrio offers a wide range of products for cargo and passenger segment under its new e-3W brand Touro. The product development started early last year has resulted in successful prototyping and setting up of a production line. The vehicles are currently under certification at

International Centre for Automotive Technology (iCAT) and will be available for sale end of this year. Etrio has been able to leverage its B2B client-base to generate a strong order book for Touro to the tune of 500+ units even before the launch. Additionally, it is in the process of identifying dealerships in key geographies in the country. Ashva and iSwitch: Etrio aimed to design and manufacture an electric cycle with a modular base that can transcend across both the cargo and personal segment. Etrio introduced two brands to cater to the different segments. Ashva is for cargo segment focused towards delivery boys and iSwitch is for the personal segment. Ashva means horse in Sanskrit, and the vehicle is designed to mimic the characteristics of a horse in safety, speed, durability and accessories, which are all equally emphasized. Key guidelines are: power delivery, long range, cargo storage. comfortable seats, adjustable suspensions, detachable battery, high discharge cell, brake cut-off, and charging cut-off. The design philosophy was applied across all product categories created under the umbrella Touro to create a product superior in every aspect of design. The key USPs that differentiate eTrio from the rest is highlighted below for both Ashva and iSwitch How would you comment on the vehicle scrappage policy being considered by the GoI? What

| November-December 2020

challenges/advantages will it pose for Etrio? Vehicle scrappage is something that the GoI has introduced post major debates and discussions, and is definitely for the greater benefit of the Indian masses. Vehicle scrappage solves multiple problems including that of pollution, congested roads and faulty vehicle related accidents. However, implementation of the same will incur major cost on the owners. Etrio retrofitting provides a major opportunity to the fleet owners to increase the life of their old LCV by up to seven years. What has been the progress so far and what are the plans looking ahead? Etrio has been able to distinguish itself with the following key achievements: - More than three years of extensive R&D testing to build a strong technology platform - First and only company to be certified in the retrofitted e-4W passenger and commercial segment - Widest range of EVs catering to different customer segments and business application - Commercialization started from December 2019 in the form of leasing of retrofitted Tata Ace - Over 40 vehicles are successfully running across five cities with leading e-commerce players and logistics aggregators - Order book of over 2000 units for its 2-, 3- and 4- wheeler EVs from leading companies

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Folks Motor Pvt Ltd: Making an electrified middle path xEV platforms can a play crucial role by providing both hybrid and electric driving through a generic xEV solution. It is all about coexistence of ICE and electric technology, taking a middle path to be known as Electrified Auto Sector. Could you explain the Hybrid ReGeN Drive technology that Folks Motor is about to launch into the market? Folks Motor, India's first hybrid electric retrofit car company, is introducing unique solutions through xEV (hybrid-electric) retrofitting in regular petrol/diesel cars by transforming them into xEV vehicles. As an xEV and green mobility solutions brand, we are renewing Indian mobility by inventing made in India hybrid-electric-connected car technologies and products with our base at Delhi-NCR. We are the OEM of xEV retrofit car kit and are positioned as a technology-led OEM brand HyB (hybrid electric system as retrofitment for cars) products, based on our patented technology platform. Our proprietary powertrain technology platform Hybrid ReGeN Drive, where the patented technology regenerates electrical power when the driver slows down the vehicle during braking, and whenever the driver applies the clutch or changes gears which happen very frequently when driving in traffic conditions. The technology platform is developed with support from Automotive Research Association of India (ARAI), where our independent authorized dealerships are set up as retail units for sale of HyB cars: xEV retrofitted cars (new and used cars retrofitted with xEV kit), aftermarket installation of HyB xEV Kit. Our xEV system as retrofitment for cars comes with brand HyB, which converts your present petrol/diesel car into an xEV hybridelectric car (series, parallel, plug-in and EV mode) to drive on petrol/ diesel hybrid and EV mode with internally recharged electric power

NIKHIL KHURANA MD and CEO Folks Motor

using our proprietary technology platform, hybrid re-gen drive, delivering: - 40 to 60 percent increase in fuel efficiency - 30 to 50 percent decrease in running cost - 50 to 100 percent of your run with zero emissions - Drive EV automatic mode within manual transmission i.e. electric mode, with top speed of 60/80 kmph - An internally recharged battery range of 50/100 km (optional plug-in charging port available). The complete platform focuses on improving internal self charging ratio for hybrid and EV mode, which involve unique powertrain integration and control strategy that led the SeriesParallel hybrid configuration to provide continuous charging for the batteries with minimalistic discharging in default hybrid mode operation and optimum discharging cycle under driving the EV mode, while the battery never drains below a significant state of charge before switching back to default hybrid mode.

What are the market segments Folks Motor is targeting and what marketing strategies do you have in mind? Folks Motor will enter the market with HyB Cars and HyB Kits which would be available in five models in Phase-1 in the fiscal year FY20-21. This includes premium hatchbacks, entry-level sedans and SUVs, which are popular as personal cars, in the used car market and for cab fleets. Our brand and product launch are scheduled for FY2020-21. Subsequently dealer meets will be held with identified potential partners to establish independent authorised dealerships for retail sales of HyB Car, HyB Kit and HyB Care. Initially the services would be promoted under our brand of Folks Motor in Delhi, Gurgaon, Noida, Mumbai and Bangalore regions. The company’s focus is on creating future auto retail model as an xEV car brand and initiating India's electric vehicle growth story with our HyB products that will play a pivotal role in terms of auto dealership’s profitability by decreasing fixed cost and keeping optimum inventory. The idea of HyB Cars Certified Pre-Owned Cars and HES with warranties came about when we identified an increase in demand for hybrid cars post the pollution scare in cities like Delhi. This was the case specifically in pre-owned or used car space with less supply of such hybrid car models. The pre-owned/used car market is the integration in our business model, where customers appreciate the cars with low running cost options like with CNG Kit and automatic transmission models. Our HyB, HES retro-fitment converts a regular car into xEV car giving both low running cost like CNG without the disadvantages

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118 of the same and automatic driving mode within manual transmission. We thought of mating these regular pre-owned cars with HES to be sold as HyB Car. Thus, making a unique marketing model in Indian auto market and redefining OEM Operating model by turning our brand Folks Motor, India's 1st Hybrid Electric Retrofit Car Company. What is the kind of investment have you received and who are your funders? The company is driven by real estate-based family office of promoterled investments and various banking institutions with commitments of `100 crore as the commercial investments to develop our products and solutions across leading multi-brand models in varied segments. Our investments are focussed towards technology development and retail marketing, with our proprietary technology platform Hybrid ReGeN Drive, components are getting sourced through credible Tier-1 supplier partners, and independent dealership network is being set-up by established auto retail groups to set up customer touch points. In 2016, various industry leaders and certain institutions like Napino Auto and Electronics and Indian Angel Network came on our advisory board to bring in guidance, experience and certain resources for our growth and long-term vision enhancement. The company would expand the products range across 20 leading

models in varied segments in the next three years with the expanded dealer network and would make investments of around ₹500 crore in next three years which would be raised subsequently in the form of both equity and debt. Nikhil Khurana, who has been a part of many central and state-level EV policy led workshops, actively participated in a number of State and national level EV policy discussions alongside the government such as ‘Champions of Change’ initiative organised by NITI Aayog and continues to work closely with industry bodies and associations to spread awareness of e-mobility and developments in the field. Could you elaborate on your vision to influence the mobility sector and the type of challenges you anticipate? India's mobility sector needs to be transformed towards clean mobility with an emphasis on energy utilization and distribution within mobility solutions. We plan to target the electrification of economy passenger cars constituting 12 percent of the Indian auto sector, which is the second largest in volume after twowheelers and top polluting as well as fuel-wasting vehicle category. Our company has a clear focus on being a xEV car brand and a hybrid-electric retrofit car company, introducing xEV retrofit cars, aftermarket retro-fitment solutions and services across value chain. Mobility in India covers a wide range of audience and caters to

differentiated segments of the society. It needs to be addressed with a holistic approach and leapfrog to be sustainable across the value chain delivering a high value proposition at scale. The Indian EV ecosystem offers great opportunities in all the vehicle segments but the challenge is to build and offer indigenous technology solutions which address the customer expectations from a desirable vehicle. The ecosystem narrative needs to be changed from electric vehicle or BEV's to electrified vehicle or electrification, specifically in the case for passenger cars and to be understood how xEV platforms can a play crucial role by providing both Hybrid and Electric driving through a generic xEV solution. It is all about coexistence of ICE and Electric Technology, taking a middle path to be known as Electrified Auto Sector. Do you also offer finance, as per the Folks Finance logo? Folks Finance is an upcoming initiative known as Folks Motor (P) Limited, as an NBFC based lending platform to enable EV revolution with interests to provide financial lending services under retail financing to electric vehicles and retro-fitment customers across all segments. The Corporate Lending portfolio is in the segments of project financing, bill discounting, working capital requirement in loan-againstproperty and structured credit to SME's and EV dealers or component manufacturers.

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Grinntech Motors & Services: Managing batteries to promote green mobility Grinntech is dedicated to scaling up of electric vehicles and renewable energy storage by developing the battery pack's electro-mechanical assembly and battery management system for lithium battery applications. What was the motivation to start Grinntech? The founders of Grinntech, Nikhilesh Mishra and Puneet Jain decided to start a technology and product company when they were studying at IIT Roorkee. They aspired to make a career in electric vehicles, seeing that ICE technology was at the beginning of its decline. Technology backed by renewable energy was the bedrock upon which Grinntech was founded and since then it has been the main pillar on which the company has been evolving and growing. India will never miss the EV wave and with that mindset, the seeds of Grinntech were sown and the company was started in 2013. How much have you invested in your startup and who are your funders? We have secured $2 million investment out of which $1 million has already been used in the past 5-6 years to build a strong base for the company. The investors are veterans who include V Sumantran and Lakshmi Narayanan and they are part of the Grinntech Board of Directors along with the founders Nikhilesh Mishra and Puneet Jain. Grinntech develops a lithium battery technology and BMS. Could you explain that further? Grinntech is a start-up that is engaged in design, development and manufacture of Lithiumion batteries, energy storage systems and solutions, ready for the anticipated wave of electric vehicle mobility in India and across the globe. Incubated at the highlyacclaimed IIT-Madras Research Park, Grinntech has developed a range of battery platforms suitable

NIKHILESH MISHRA Co-founder & CEO Grinntech Motors

for e-2W, e-3Ws, e-LCVs (light commercial vehicles) including cars and tractors. Our packs have high energy density, which reduces the overall size of the battery. Our batteries endorse safety, and the thermal conditions are designed for Indian temperature conditions. Our BMS is a result of superior Qualcomm connectivity technology and Grinntech’s capability in developing state-of-the-art batteries. Will GoI’s new directive permitting sale of EVs minus the battery be beneficial to your business? It is an interesting move by the government’s Ministry of Road Transport and Highways (MoRTH) to delink the sale of batteries from EV sale. The batteries can be sold separately by the manufacturers or energy service providers. This paves the way for battery swapping / leasing, where EV owners can rent the charged batteries for a predetermined cost for a contract period. This move is going to create opportunities as people will look at EV options as the initial acquisition cost of EVs without batteries will be lower. Swappable battery stations

PUNEET JAIN Co-founder & COO Grinntech Motors

are going to boost the opportunities for new business and manufacturers of battery packs can surely benefit from this change in government legislation. However, the government has to back this move by improving infrastructure facilities along with creating provisions for battery swapping and/or leasing. The separation of batteries from EVs should reflect in GST as well; as battery swapping and charging comes under different taxation brackets. What is your USP in this technology that sets you apart from competition? Our batteries are designed on the four cornerstones of Quality, Durability, Performance and Reliability, making us a market differentiator. This can be seen in our products like Robin-72 which is designed with Patented BMS technology with a BMS functionality and computing power of over 7.5 times its competitors. At 300Wh/litre, ROBIN-72 has an energy density which is over 35 percent higher than its peers. On the life expectancy side, we are giving up to five years of

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120 warranty, which is much higher than the average years. All our batteries are waterproof having achieved an IP-67 rating. Tell us about the announcement that transforms Grinntech to a funded commercial Enterprise. The EV eco-system is transforming itself from lead-acid batteries to Li-ion batteries. It is Grinntech’s dream to create a technologically advanced Li-ion battery product line that is suitable for Indian conditions. It took eight long years for us to get into the production phase from R&D phase, and the journey was not a cake walk. The inflection point of our journey was when we bagged the second runner-up in the prestigious Qualcomm Design in India Challenge (QDIC-2019). What came out of this exercise is a product (BMS) which is way ahead of the current generation of connected battery products available in the market. The complete IPR of this developed product resides with us and we believe this is the biggest differentiator for Grinntech. Having evolved energy storage solutions through years of dedicated R&D, Grinntech’s new facility will manufacture a highly efficient 2W battery called Robin-72 and an ultrareliable 3W battery named Shikra. The facility will also manufacture Pintail an IOT-enabled 2-W starter battery and the Falcon, a larger battery suited for tractors and light vehicles. The

modular production in our factory layout will allow for easy scaling-up, as and when the demand grows.

years we foresee a lot of privatepublic partnership to be active in this domain.

In your opinion, how much do you feel EV adoption in India will be accelerated through the high-tech batteries offered by Grinntech? How much of a part will charging infrastructure play here? The EV market in India is very small at present. This year it is expected to be around 1.54 lakh e-2W, majority of which run on Li-ion, and 90,000 odd e-3Ws, a majority of which run on lead-acid battery. But this market is expected to grow steadily between 6-8 percent per annum. Other applications like car, bus and LCV are currently in the early stage of development. We are working with many of these OEMs and in due course of time the products will hit the market. Transition to electric vehicles will happen gradually starting with two wheelers, followed by three wheelers, fleet operators, commercial vehicles and passenger cars. As per various market studies, it is estimated that in India, between 25 – 30 percent of vehicles should be electric by 2030. OEMs, in line with these estimations are planning their product line-up and avenues for transition. By 2023, 9-10 percent of two wheelers are expected to be electrified. Setting up a wide EV charging infrastructure is one of the biggest challenges in India. In the coming

How ready are you for the future, with your innovative product range and sophisticated IoTenabled BMS systems? Could you tell us about your goals? Our range includes products that are IoT enabled with compact design and high energy density, NBIoT ready and with algorithms that endorse high accuracy and personalization. Our BMS predicts the ‘state-ofcharge’ or SoC with an accuracy of up to 99 percent. The data analytics on the server enables us to predict the health of the battery and predictive maintenance alerts. Carefully engineered thermal solutions prevent the battery into going in a thermal runaway. The battery pack is also capable of eliminating the possibility of any explosion. Our IoT enabled batteries help us capture the usage patterns with the help of analytics and store the data for future predictions. With data garnered from the backend analytics we get a personalized performance diagnosis and usage behaviour. Our goal is to give customized solutions with better cost-to‘value ratio. We want to support the ‘Make in India’ campaign and localize production to the maximum extent possible and manufacture indigenously and deliver without compromising on the quality.

IESA

India Energy Storage Alliance

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Log 9 Materials: A clean-er energy generating technology A car of the future that needs neither fuel nor a re-charge of its battery. (Interview with Akshay Singhal, Founder & CEO, Log 9 Materials) What was the inspiration behind Log 9 Materials? I started working in the nanotechnology field since 2013 while doing my Bachelors at IIT Roorkee, under the guidance of my grandfather Vipin Kumar (who has been working in the field on nanotechnology for over three decades at National Physical Laboratory, New Delhi) and Prof. Dr. Indranil Lahiri (who later became my PhD supervisor). In 2014, for the first time I came across Graphene and was both intrigued and fascinated by the superior qualities possessed by the material and its vast potential applications. I quickly realized that Graphene can become the next big thing in the domain of material science and nanotechnology. While working on several Graphene projects in college with some of my batchmates, I was able to produce multiple variants of Graphene in the lab and optimize processes for scaling production. This gave me confidence, and I developed an understanding that by combining the superlative properties of Graphene with the knowledge of nanotechnology, the future of humanity can be transformed for the better. The grasp on the subject and foreseeing the potential benefits of this ‘wonder material’ is what ultimately motivated me to launch my own Graphene nanotech start-up Log 9 Materials in December 2015. What is the kind of investment you have received and who are your funders? So far, Log 9 has raised multiple rounds of funding. In 2017, we received our first seed funding from GEMS Partners. In 2018, we raised Pre Series-A round of funding of $436k from a clutch of angel investors including Metaform

(L-R): Akshay Singhal, Founder & CEO, Pankaj Sharma, Co-founding adviser, Kartik Hajela, Co-Founder & COO, Log 9 Materials

Ventures, Hemant Luthra, and GEMS. In 2019, we again got Series-A funds amounting to $3.5 million from reputed VC firms like Sequoia Surge and Exfinity Venture Partners.

energy. Evidently, these fuel cells are running on a refueling mechanism, and harnessing the combined power of aluminum and Graphene to usher in a 100 percent recyclable energy generation mechanism.

Would you briefly outline the working of Log 9’s aluminum-air fuel cells? The aluminum-air fuel cells developed by Log 9 is a novel technology/solution that aims to revolutionize the face of electric mobility in our country. The aluminum fuel cell (AFC) technology offers almost up to five times higher power range than traditional Li-ion batteries can offer. At the same time, it is very cost-effective, easyto-use and hassle-free as it doesn’t require repeated recharging as with conventional battery systems. The system works with aluminum metal as anode, oxygen (air), water as electrolyte and two Graphenemade cathodes on either side. The cassette-like Graphene layers selectively filter out the carbon dioxide in air, and let in oxygen. When water enters and combines with oxygen, the subsequent electrochemical reaction turns aluminum into aluminum hydroxide, thus generating zero-emission, clean

What about charging the battery? As mentioned already, the aluminum fuel cells developed by us never require charging, but can rather be replaced (within a few minutes) with new aluminum fuel plates after which the vehicle runs for approximately 1000 kilometers. Thus, it helps in saving billions of dollars in terms of charging infrastructure. Could you explain the role of Graphene and tell us about your core expertise? What patents have you filed? Graphene, an allotrope of Carbon, has been hailed widely as the ‘wonder material’ for its strikingly superior properties as compared to other newly discovered nanomaterials. As we know it, Graphene is a super-strong, flexible and stable material; it is an excellent conductor of heat and electricity and also has superior selective filtration and absorption qualities. Since its discovery, the material Graphene

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122 has found effective applications in many fields such as infrastructure, bioengineering, optical electronics, healthcare, ultra-filtration, and renewable energy, to name a few. However, there are still a few challenges vis-à-vis Graphene usage for the advancement of science and humanity, which is not allowing the material to reach its full potential. For instance, the cost of quality Graphene production is quite high in our country till date, and the production volume is also quite limited and inadequate. Further, while in the last decade a lot of research is ongoing across the globe with Graphene, not many are focusing on solving real-life, immediate problems faced by mankind with Graphenebased products or technologies. In view of the above challenges, Log 9 Materials, from day one, has emphasized on commercialization of Graphene nano-technology based solutions, and on bringing Graphene from labs to the marketplace. This is what eventually became our startup’s core area of expertise. We believed that the superlative properties of Graphene could be leveraged optimally, but that it was important to manufacture Graphene on a large scale to make it commercially viable. We have registered several patents in graphene manufacturing and graphene synthesis, while attempting to economically manufacture certain customized graphene derivatives. Till date, we have been working consistently to develop cost-effective processes not only in terms of manufacturing the material but also incorporating it in various product lines and making these products/solutions efficient and market-ready at a great pace. As of date, Log 9 has filed more than 20 patents, most of which are related to Graphene nanotechnology and its practical-life applications. What supply-chain is in place to source the necessary materials? So far, all of the raw materials used in our products are sourced from within India; we have tied up with various suppliers across the country for the procurement of these raw materials on-demand.

How does the aluminum-air fuel cell stack up against a lithiumion battery or other RE energy generation in terms of safety, sustainability, cost and other criteria? AFC technology uses the most abundantly present materials in the nature like aluminum and carbon (in the form of Graphene) as the core materials, and the system/processes involved herein produces zero waste and it is also highly sustainable and scalable. The cost of the technology is similar to IC Engines; however, it comes minus the hassle of long charging times or range anxiety. Since the energy generated through aluminum fuel cells is clean (does not release harmful and polluting toxins into the environment) and the metal (aluminum) used is entirely recyclable, this technology offers a huge advantage in terms of elimination of negative footprint on environment. Besides, the whole system consists of around 60 percent water and therefore it is believed to be much safer (less prone to hazardous reaction, etc.) as compared to Hydrogen fuel cells or traditionally used Lithium batteries. Please explain the terms ‘circular and recyclable energy source.’ In our aluminum fuel cells, the aluminum hydroxide created through the electrochemical reaction can be re-smelted back into aluminum using clean energy. It is a continuous cycle wherein naturally-sourced aluminum goes into the aluminum fuel cell, generates energy while getting converted into aluminum oxide, and this oxide is again converted back into aluminum. Since aluminum metal is recyclable, there is no need for disposal and thus the whole process is waste-free and eco-friendly. This is the reason, the terms ‘circular’ and ‘recyclable’ are used for describing our technology. Also, since this is an energy generation system (and not energy storage system), we are using the term ‘energy source’ in this context. Could you enumerate the uses of your battery systems? Unlike traditional batteries, the aluminum fuel cells developed by

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Log 9 generate energy continuously, and do not store energy at all. These aluminum-air fuel cells can be used to power electric vehicles as well as they can be used at factories or homes for powering stationary devices like generators (that require electricity to operate). Could you elaborate on your vision to transform the energy sector? Do you anticipate any challenges? The modern-day society is in a transition from fossil-fuel based economies to embracing clean energy alternatives so as to minimize environmental pollution. Thus, an urgent need has been felt in recent years to adopt clean energy generation technologies rather than mere energy storage solutions. Hydrogen Fuel Cell is one such solution for energy generation that has existed for many years, but also poses challenges such as exorbitant cost and safety issues. This is where aluminum-fuel cells emerge as the best solution in our opinion, not only addressing the issues with traditional Li-ion batteries, but also overcoming longterm obstacles faced by Hydrogen Fuel Cells. Aluminum-based energy systems have gained a lot of interest amongst the scientific community in recent times due to high energy density (theoretical up to 8000 Wh/ Kg), low cost (almost 1/10th as compared to Hydrogen Fuel Cells) and being the safest and more affordable choice. We sincerely believe that once optimized and rolled out on a large scale and after being adopted by the masses, the AFC technology developed by us can revolutionize the clean energy and electric mobility ecosystem in India and across the globe, while adding to convenience and reducing the cost and range anxiety for customers, and finally acting as a game-changer towards building a more sustainable world by building upon eco-friendly materials. As with any new technology, AFC will obviously face initial resistance to change and skepticism; however, we believe that since the benefits are far-reaching over the long term, it would

123 be widely accepted. Another challenge that we anticipate in terms of mass deployment of these fuel cells is the availability of capital and quantifiable support from the government, mostly due to limited awareness for an indigenous and sustainable technology like this one. What are your plans going ahead? What is the kind of scale that Log 9 Materials is looking at in five years? Going ahead, Log 9 Materials wants to encourage and support the widespread electrification of vehicles across the country, without the need of incurring billions of

dollars in trade deficits with China for Li-ion imports, with the help of our flagship aluminum fuel cell project. Also, as our country is one of the largest global producers of aluminum, large scale adaptation of this technology would ensure India becomes a net importer of energy in the long run. Log 9 Materials is pioneering a 100 percent green and recyclable aluminum economy, aiming to work with aluminum manufacturers to source aluminum and generate aluminum fuel cells in-house that will be distributed through a network of fuel distributors and then either integrated into electric vehicles by concerned

automotive OEMs, or packaged with a partner for stationary power usage. While Log 9 has already positioned itself as a Graphene nanotech startup in India, in the next five years, we aim to garner international recognition and fame, while continuing to rapidly develop path-breaking Graphnebased products and solutions for immediate as well as long term benefits of mankind. We will be also looking at launching sub-systems or offshoot technologies as standalone product/innovation offerings in the market so as to maintain profitability and accelerate scalability for our company.

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BENCHMARK

IESA ranking of ES companies in India for 2020 IESA has initiated a new research program to benchmark energy storage and EV companies across various application segments in India. This ranking aims to identify the top players in the market and showcase exemplary performance and practices.

lectric mobility and stationary storage markets have been in the limelight during this year. The National Mission of Transformative Mobility and Battery Storage that was announced in 2019, and the National Programme for Advanced Chemistry Cell manufacturing in 2020, have given major impetus to the EV and stationary storage markets. The government of India has set a vision to make the country a global hub of manufacturing of EVs in the next five years. To fulfil this vision and to create an ecosystem to accelerate the uptake of EVs in the country, the government has taken several policy initiatives with schemes like FAME-II scheme, NMTMBS, and announcing benefits like lowering the GST for EVs, making EV charging a service along with the recent acknowledgement of registration of EVs without batteries as a business model. IESA’s research program aims to identify the top players in the market, based on various criteria, namely -- market share, revenue and revenue growth rate, technological advancements, and export revenue. These criteria are constant across all the market applications. This ranking practice is expected to bring in more transparency in the energy storage industry, which is fragmented across various segments. It is envisaged as a channel for the industry players to showcase their exemplary performances and best practices. Also, it helps the top players to benchmark their business performance with respect to the market. Electric Vehicles In the last couple of years, more

than 100 companies have already entered the segment across the supply chain. Hence, to track the growth of the EV market in India, IESA has taken the initiative to benchmark EV companies present in various segments of the market. The the top companies are identified based on various criteria like, market share, revenue, sales growth, product portfolio, localization content, geographic presence, technology enhancements, innovative business models, etc. This initiative hopes to provide a platform for industry players to showcase their product/ service performance and best practices. The major EV segments covered in the ranking exercise are e-2W, low- speed and highspeed e-3W, e-4W and e-buses. The following section discusses the market leaders in each segment based on research. Electric Two-Wheeler Segment Ranking

Two-Wheeler OEMs in India

Hero Electric

Okinawa Autotech

Ampere Electric

Ather Energy

Tunwal E-Vehicles

The e-2W segment has witnessed 21 percent growth in the last financial year. As per Society of Manufacturers of Electric Vehicles (SMEV), industry sold 1,52,000 units in 2019-20 as compared to 126,000 units in 2018-19. Low speed e-2Ws dominated the market despite subsidies being removed for this segment in FAME-II scheme. Considering all the ranking criteria, Hero Electric was ranked as the leader in this segment for FY

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2019-20. The company has a share of 33 percent, and witnessed a growth of 34 percent in sales as compared to sales in 2018-19. Hero is currently having a network of 650+ dealers across the country and expects to increase it to 1,000 by end of this year. To address the issues related to range anxiety, the company is offering detachable Li-ion packs. Additionally, the company is also investing in creation of charging infrastructure for their customers. Going forward, Hero Electric is looking to focus more on entry level and city speed vehicles as a major market for them along with launch of performance vehicles for the high-speed segment. Other companies in the ranking list are Okinawa, Ampere Electric, Ather Energy, Tunwal EVs, Jitendra New EV Tech and Revolt motors. Okinawa remained the market leader in the high-speed segment in the last financial year and sold over 10,000 units, the company also achieved over 85 percent localization. Ather Energy achieved localizing most of the components of the drive train except battery cells and controllers. There have been many innovative solutions and business models that have emerged in this sector. Ampere Electric has recently introduced battery as a subscription model. Ather Energy has introduced buyback program for Ather 450. Hero Electric is offering e-scooters to the customer for few days to have an experience without any upfront cost; and Revolt motors is offering charged batteries to their customers at home. Low-speed Electric ThreeWheeler Segment (e-rickshaw) The e-rickshaw market in India has evolved since 2013. As per ICAT, 600+ registered OEMs are present in the market. Apart from the registered

125 OEMs, there is also a substantial grey market in this segment. As per CES research, the annual sales for this segment is between 2 to 2.2 lakh units for last financial year, considering 40 percent market with organized players and 60 percent with unorganized players. Ranking

Three-Wheeler OEMs in India

Mahindra Electric

YC Electric Vehicle (Yatri)

Saera Auto (Mayuri)

Kinetic Green

Champion Polyplast (Saarthi)

Mahindra Electric was ranked as the leader in this segment for FY 2019-20. In terms of only sales units though, Yatri closed highest unit sales during the year. The market here is heavily dependent on imports, however, companies like Mahindra Electric and Kinetic Green have started domestic manufacturing of all their components, except the battery cells. This segment has been predominantly dominated by lead-acid chemistry but transition to Li-ion is being observed e.g. Kinetic Green and Mahindra Electric are selling more e-3Ws with Li-ion batteries. Saera Electric has the highest number of dealers (250+) in India, followed by Mahindra and Kinetic Green. High-speed Electric ThreeWheeler (L5 e-Auto) Segment The high-speed e-auto market in India has slowly started gaining momentum. The market has opened mainly at B2B level and in the cargo segment. As per CES research, industry sold 5,000 units in the last financial year. Ranking

Three-Wheeler OEMs in India

Mahindra Electric

Gayam Motors

Piaggio

Volta Automotive

Considering all the ranking criteria, Mahindra Electric was ranked as the leader in this segment for FY

2019-20. The company enjoys a market share of 80 percent followed by Gayam Motors, that has a share of ~15 percent. Mahindra also has been proactive in localizing its componentlevel production through the years and enjoys a much broader presence across India. Electric Four-Wheeler (E-4W) Segment The e-4W car market is at a nascent stage. The share of e-cars in the personal segment has increased gradually over the years. As per CES research, industry sold ~3,000 units in last financial year. Ranking

Four-Wheeler OEMs in India

Mahindra Electric

Tata Motors

MG Motor

Hyundai

Mahindra Electric was ranked as the leader in this segment for FY 2019-20. Mahindra Electric enjoys ~45 percent of market share followed by Tata Motors with a share of ~34 percent. Mahindra offers cars across 50 cities with over 65 dealership, Tata Motors offers Tigor in 30 cities and Nexon EV in 22 cities, MG Motor in 10 cities, and Hyundai in 30 cities. The market has gained traction from the customers with the launch of new high-performance models. MG Motor received over 3,000 bookings within one month and Nexon EV has outperformed other models and is dominating the market in 2020. Electric Bus Segment The e-bus market has started to gain momentum with subsidy support from the government. Majorly pilot projects were carried out so far across different cities. In the last financial year, industry sold nearly 500 units. Ranking

Electric Bus OEMs in India

Tata Motors

Olectra Greentech

JBM Solaris

Foton PMI

Disclaimer: FAME-II orders have not been considered to estimate the market share as the tendering process is still underway. Considering all the ranking criteria, Tata motors was ranked as the leader in this segment for FY 2019-20. The company enjoyed a market share of ~59 percent followed by Olectra with a share of ~31 percent. Tata motors won the single largest tender of 300 e-buses from Ahmedabad Janmarg and Olectra won the tender to supply 150 e-buses to PMPML, Pune. Based on pilot projects and trials carried out, Olectra has deployed buses in six cities and completed trials in ~15 cities across the country. Tata also deployed 255 buses in six different cities under FAME-I and carried out trials in States like Maharashtra, Himachal, Assam, and Chandigarh. Stationary Energy Storage Major market segments covered in the stationary storage markets are behind-the-meter (BTM) applications namely - inverter backup, telecom tower backup, UPS back-up and solar rooftop. IESA aims to cover other categories such as energy storage companies in utility-scale applications, EVs, etc., in the subsequent editions of the ranking list. Energy Storage Companies in Inverter-back-up Application Ranking

Battery Companies in Inverter Segment, 2019

Exide Industries

Luminous Technologies

Okaya Power

Amara Raja Batteries

Livguard Energy Technologies

With India witnessing a significantly lower frequency of power cuts in 2019 as compared to 2018, and the years prior, the power reliability has improved and led to a lower dependence on inverters. This development brought down the demand for batteries for inverter backup and was reflected in the shrinking market for the same. The

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126 total inverter battery backup market size stood at 12.7GWh as on 2019. This segment is still dominated by the lead-acid batteries. In 2019, Exide remained the market leader with revenue share of 27 percent (in the organized sector). This market segment is highly fragmented with numerous players in the SME and unorganized segments. Since the introduction of GST in 2018, the share of the market in unorganized players has been shrinking significantly, from 55 percent in 2018 to 45 percent in 2019 and currently at 32 percent. Exide, the market leader has been successful by introducing price competitive products to compete with the local brands. Exide and Luminous together formed 50 percent of the market share in 2019. Luminous is one of the few players in India to have forayed into Li-ion-based inverter battery backup solutions, with its Luminous Regalia, coming with a battery warranty of five years. Energy Storage Companies in Telecom sector Ranking

Lithium-ion Battery Companies in Telecom Segment, 2019

Exicom Power Solutions

Coslight

Delta Electronics

Panasonic

Ranking

Lead Acid Battery Companies in Telecom Segment, 2019

Amara Raja Batteries

Exide Industries

HBL Power Systems

Okaya Power

Base Batteries

The energy storage market for telecom witnessed a stable growth in 2019, with the market size standing at 2.2GWh. In the lead-acid battery segment, which constituted 80 percent of the MWh share in telecom in 2019, Amara Raja is the market leader. Along with its high market share,

Amara Raja scores high in terms of technological advancement and its exports. These are the main reasons for its status as the leader in lead-acid batteries in the telecom sector. Li-ion batteries constituted 20 percent of the MWh share in the telecom segment in 2019. In the Li-ion chemistry, Exicom was the market leader, and held 60 percent market share in 2019. Their strong client relationship with telecom tower companies, especially that with the largest consumer of this chemistry in the segment has helped them gain repeated business from the customers. Moreover, their strong R&D capabilities for product customization has been a major factor for their healthy growth in the telecom market. Energy Storage Companies in UPS back up Applications Ranking

Ranking of Energy Storage Companies in UPS Back up application, 2019

Amara Raja Batteries

Exide Industries

Okaya Power

Rocket Batteries

HBL Power Systems

With the demand for UPS growing sharply in manufacturing, healthcare, IT and datacentres, the UPS backup market witnessed a growth rate of 9 percent in 2019 and stood at a market size of 3.1GWh. The highest demand for UPS is expected from the healthcare and datacentre applications, potentially giving rise to higher demand of UPS backup market in these segments. Amara Raja is the market leader in the batteries for UPS back up market segment with market share of nearly 35 percent. Their major strengths include extended warranty batteries, competitive pricing, and franchisee–based distribution model. IESA also gives Amara Raja

a good score on export revenues and growth rate. These factors make Amara Raja the clear topper in the Ranking List of companies in UPS segment. Following close on its heels is Exide, which offers strong technology upgrades to extend the battery life. The company also uses recyclable lead for its batteries, because of which it is less exposed to lead price fluctuations. The combined presence of Exide and Amara Raja accounts for a market share of 67 percent in the UPS backup market in 2019. Energy Storage Companies in Solar Rooftop Applications Ranking

Ranking of Energy Storage Companies in Rooftop Solar Application, 2019

Exide Industries

Luminous Power Technologies

Amara Raja Batteries

Livguard Energy Technologies

Okaya Power

The solar rooftop segment is the fastest growing energy storage segment in the BTM market and grew twice the potential from 2018 in 2019 – a possible result of the lowering of GST to 5 percent on solar batteries. In 2019, the market size for solar rooftop batteries stood at 200MWh (or 0.2 GWh). E x i d e Te c h n o l o g i e s l e d the market with 23 percent market share in 2019. Exide’s export revenue has been increasing significantly in this space due to the organisation’s entry into partnerships with countries in Southeast Asia and Middle East. Moreover, the strong network of more than 36,000 outlets and service centres is a major strength of the company which aid their leadership position in the inverter and solar applications.

(Disclaimer - The scores are based on data collected mainly through primary interviews, and public databases such as Vahan portal.) | November-December 2020

IESA

India Energy Storage Alliance

YOUR GATEWAY TO INDIA'S ENERGY STORAGE, EV AND MICROGRIDS MARKET Join IESA to gain insights and access to one of the fastest growing energy storage, microgrid and EV markets.

India Energy Storage Alliance (IESA) Customized Energy Solutions Pvt. Ltd. Office: A-501, G-O Square, Aundh-Hinjewadi Link Road, Wakad, Pune-411057. INDIA Email: contact@indiaesa.info Phone: 91-9699719818

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ENERGY STORAGE

Battery storage: Enabler of clean energy and transportation It is now being realized with almost finality that e-mobility along with RE can help the world reach the target of global temperature reduction by the turn of this century. With this backdrop, it is prudent to take a pause and reflect on how we, as a nation, have fared in adoption of e-mobility during the year 2020.

he race to reduce our environmental footprint is now firmly on, across the world. The warnings from the ‘hippies’ in the 1960s to look after the planet are now finally being actioned on. The Paris Agreement will help drive some improvement and the USA coming back in, will prove to be a good step. Many webinars this year have all shown graphs of how much investment will be needed to deliver the amount of renewables needed to achieve country targets. There has also been a huge growth in different renewable technologies being combined to deliver greater benefits. We believe that battery storage will be at the heart of many schemes and will help deliver energy which is greener, more reliable, and able to bring wider benefits to people who are currently not able to access mains energy.

Global market for battery storage

Source: IRENA

Source: Navigant research

The graphs in Figure 1 and Figure 2 show the growth in battery storage

around the world, including India. This year has witnessed global growth in battery storage and this will continue for years to come as battery storage will be used in many areas – micro/smart grids, EV charging and alongside, a PV array. The investment in batteries will be substantial, so investors/operators and suppliers will want to ensure that returns and performance are optimized. We would like to explore what is behind this huge growth, what will be the opportunities and what ideas need to be done to maximize this opportunity. As the growth of renewables continue so does the need to manage all the data being produced. All players in the energy chain will want to see the optimal output. This goes from the investors in the technology to the end users who will gain a source of greener energy. The data will come from many sources – satellites, drones, meters, technical specifications, and so new levels of artificial intelligence (AI) and machine models will develop

Figure 2: Stationary battery storage’s Figure 1: New Installed Advanced Batteries for Utility Scale Energy Storage: energy capacity growth, 2017-2030. Pack Energy Capacity and Revenue by Region, World Markets: 2016-2025 | November-December 2020

to help provide high quality data for all users. Here we discuss some areas where batteries can help us achieve the key objectives. Microgrids Most of us are fortunate to have electricity in our homes to help power our lives. Many people around the world unfortunately do not have access to energy. There are several companies like i-EM that are playing their part in delivering this basic need. By linking battery storage, with PV installations and a software platform to optimize this investment, we can help bring energy to rural areas. This reduced reliance on fuels such as diesel, will help deliver the objectives of more reliable greener energy. Once the platform is set up, it should be possible to add on services such as tele-medicine, tele-education, smart pay-as-you-go and other data driven solutions. Figure 3 illustrates the work (project MOWGLI) i-EM is doing in partnership with the European Space Agency. The program is expected to start next year. E-mobility Along with battery storage, the growth of e-mobility products and services has been striking this year. In the UK, the government has announced that no new diesel or petrol cars will be allowed to be sold after 2030. More cars are being introduced, benefiting from improved technology and reduced costs. This will present a huge opportunity to help reduce CO 2 emissions and make driving more environment-friendly, but

Source: i-EM

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Figure 3 : Example of new services to link PV and Battery in rural and urban microgrid application

it also gives a challenge with an infrastructure of charging points and e-mobility services needed to ensure that this growth can be supported. Firms are looking at installing large scale battery storage plants to allow multiple, high-speed charging to take place simultaneously. This will mean that DSO’s, TSO’s and other parties will need to be able to manage and balance their networks more dynamically and in real-time. Other forecast is the concept of vehicle-to-grid (V2G) solutions. As more cars have battery storage capacity, these batteries have the capability to be used as a way to power other assets, and could potentially be combined to provide a larger source of energy. Again,

critical here will be companies providing services and solutions to be able to use this energy source and as ever, data will be key. PV/battery storage combinations Both e-mobility and microgrids will have a combination of PV and battery storage to help deliver the benefits. The ability to generate and store energy will give interested parties the ability to take greater control of their energy environment. Key aspect would be the ability to gather and use the data to the benefit of all. Ultimately what will be needed is the ability to link this storage capability to a real-time trading platform to allow extra revenue generating opportunities.

ABOUT i-EM i-EM provides advanced analytics-powered solutions for intelligent smart grid energy management, enabling optimal decision making through satellite data utilisation. Its mission is to allow energy players, including endusers, to make the best decisions by providing awareness of the activities on the grid and its elements in real-time. i-EM SAT provide innovative solutions for intelligent energy management using satellite data fusion and big data analytics. The main application sectors are: smart grid management, electric vehicles mobility, energy forecasting, renewable plants monitoring, solar resources management and battery storage.

New services for battery storage

As batteries grow in use, there will be a greater reliance on them to help provide a reliable source of energy. This will be for large-scale batteries or in cars. Maintenance will, therefore, be important. Poor maintenance strategies can substantially reduce productive capacity. As machine parts are taken offline for servicing, many organizations face the challenge of weighing lost production time against the risks of breakdowns. Predictive maintenance could be a solution. Predictive maintenance analyses data to predict failures in advance, allowing changes to be made to production, schedules, and maintenance activities. This helps prevent failures and avoid machine shutdowns. (The views expressed in this article are the author's own.)

November-December 2020 |

Andrew Bray Business Development & Sales Manager i-EM

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EVENTS

World Energy Storage Day brings stakeholders on single platform Commemorating the 4th World Energy Storage Day 2020, IESA on September 22, held marathon, all day-long sessions deliberating on the future of energy storage, and called upon all stakeholders in India and globally, to strive to build an enabling ecosystem.

n the occasion of WESD 2020, IESA brought together industry leaders, policymakers, academia, researchers, and energy storage professionals from India and across the world on a single platform by organizing the first-ever, virtual World Energy Storage Day Global Conference and Expo. Over 2,500+ delegates and 10,000+ participants from 60+ countries engaged in insightful discussions at the conference, deliberating on policy and government initiatives for stationary energy storage, e-mobility, innovations, and latest developments in these sectors worldwide. Prime Minister Narendra Modi, in his letter to IESA said, “I am pleased to learn that IESA and its partners are holding a digital World Energy Storage Day Conclave and Expo. Energy security and sufficiency are pivotal for selfreliant India. We are constantly striving to ensure that electricity reaches everyone, there is sufficient electricity for everyone, and that our environment remains clean. We are also making sure that our

resolve towards clean and renewable energy is taken care of in every aspect of life. For energy access and energy sustainability, we are focused towards building a robust storage capability in the country. Efforts like global conclave and expo strengthen this vision. The presence of policy makers, technical experts and other participants from various countries reflects mankind’s commitment to sustainable development.”

M. STANLEY WHITTINGHAM

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M. Stanley Whittingham, 2019 Nobel Laureate in Chemistry, during his keynote address at the event said: “Lithium-ion batteries are already changing the way we store our future energy. The future is bright for storage and Li-ion batteries are raring to go. Clearly, the battery is not only the medium, hydrogen, pumped hydro and supercapacitors will also be some active contenders for future energy storage requirements. Let’s make 2020 the decade of energy storage.” Speaking at the virtual conference, Dr. Rahul Walawalkar, Founder and President of IESA, said, ‘“The world is at the cusp of a 21st century industrial revolution. Energy storage will be at the epicentre of this revolution. The discussions and insights here have set the tone for many strategic interventions across the world towards building a global ecosystem for energy storage in the power and transportation sector. The event emerged as catalyst towards highlighting the potential of energy storage for future businesses and sustainable living.”

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Following are key ideas and insights shared during the global conference. POLICY AND GOVERNMENT INITIATIVES Present at this session were various government bodies as well as policy and research organizations, who came together to deliberate on present state of initiatives and policy framework, the barriers to energy storage adoption and the opportunities within the sector. The speakers deliberated on the changes that will shape the future policy initiatives.

GHANSHYAM PRASAD Jt. Secretary Ministry of Power (MoP) “Any disruption that takes place in the electricity sector is an opportunity to grow. In terms of advantages of batteries, as MoP, we look at it as grid element ensuring electricity to each household without any interruptions.”

AMITABH KANT CEO NITI Aayog “Battery storage is the undisputable leader in the overall energy storage portfolio. Potential demand for advanced battery storage application is expected to reach 230 GW on YoY basis in India by 2030, while the cumulative domestic market demand is estimated to reach 1,116 GWh. The government shall soon launch incentive to attract global companies through a transparent competitive process to set up mega manufacturing plants in the sunrise and advanced technology areas such as the solar PV and advanced battery storage in India.”

DAVID MORGADO Sr Energy Policy Specialist Asian Infrastructure Investment Bank (AIIB) “Asian governments can create the enabling environment for energy storage by removing barriers and creating a level playing field, revised market designing and enabling new business models, setting goals of adoption for state-utility, supporting implementation of pilot projects and supporting R&D in battery storage.”

DR. RAHUL WALAWALKAR Founder-President – IESA; MD-Customized Energy Solutions, India “India presents a significant opportunity of stationary energy storage technologies. In next five years, we are entering into an unprecedented era, where thermal plants will have to pay down 30 percent, which is not an ideal situation. At the same time, we do expect that the market for EVs is set to pick up beyond 2022-24.”

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STATIONARY ENERGY STORAGE This objective of this session was to discuss the stationary energy storage market in India. The esteemed panel also reflected upon the role of policies, technology innovation as well as economics and challenges for such projects. PRAVEER SINHA MD & CEO Tata Power Company “We do have a huge plan for tying up large grid-connected storage solutions. We believe that virtual power plants will play an important role in managing the frequency. The meters have helped us understand the harmonics, and investigate taking care of energy storage applications.” STEPHEN FERNANDS President Customized Energy Solution

DR. Y.B.K REDDY General Manager-Solar Solar Energy Corporation of India (SECI) “Studies indicate the targets will exceed from the one that we have set for 2022. The target of 330 GW of solar is above the present load. In future, the plan is 40-80 percent PLF on the grid. The peak power generation guarantees supply all the time. The round-the-clock power generation is also one of the solutions considered.”

“At present regulation of frequency is the main driver for growth of BESS but in the future drivers will include decreasing cost, grid-based renewables, distributed renewables, EVs, national and local policy and new technologies and value stacking.”

RAJENDRA SHRIVASTAV President and Market Business Leader AES India “On the policy points, we believe that energy storage future lies in the government recognition for the same. With respect to C&I, the need is to encourage pure energy storage assets.”

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DR. IMRE GYUK Director (Energy Storage Research) - Office of Electricity, US Department of Energy (DoE) “In the USA, 30 States have renewable energy generation goals, which will necessitate long duration storage. The important thing is the business case, this requires fundamental restructuring of regulatory structure and policy framework.”

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E-MOBILITY

EMANUELE TAIBI Power Sector Transformation Strategies, IRENA “System flexibility is key to achieve the goals of the energy transition. Solar and wind sources can contribute to around 80 percent of power generation by 2050. Here, energy storage has an important role to play.”

CHANDRASEKAR GOVINDARAJALU Lead Energy Specialist The Climate Finance The World Bank “At the World Bank, we are interested in energy storage technology because we want to increase energy access around the world, but this won’t be possible unless good storage solutions are integrated.”

This session discussed the transition underway in the transportation sector globally. Today we witness, global automotive industry is on the edge of disruption. Four technology-driven trends — electrification, shared mobility, connectivity, and autonomous driving—are leading the automotive industry to this disruption. The next wave of EV penetration will be contingent on recognizing the right segments and applications, designing the right product, and modeling the appropriate business model and value proposition.

SRINIVASA VENU UPPULURI Vice President SB Energy SZILVIA DOCZI Economics Lead - System Integration of Renewables, International Energy Agency (IEA) “In the sustainable development path energy efficiency, renewables, and new technologies play an important role, and alongside there is storage deployment. Nearly 70 percent of all renewables will come from mainly six markets of the world: China, Europe, United States, Brazil, India, and Japan. In India and China additional renewable generation will come from solar PV and winds.”

DR. JUDY JEEVARAJAN Research Director Electrochemical Safety, Underwriters Lab Inc. “Safety of large megawatt hours and gigawatt hours of battery energy storage system is paramount. Going forward we will develop more research projects to look at areas and gaps that have not been studied. With more installations, it will help us look into how to make it [energy storage] safer.”

“In APAC, Korea has announced EV incentive until 2025, China extended EV scheme up until 2022; further, governments are encouraging industries in EV manufacturing. Recently, the Indian government announced selling EVs without battery so there is tremendous growth potential in the EV sector. “Vehicle-to-Grid (V2G) segment, globally 67 pilot projects are at various stages of development, EU is leading in terms of V2G deployment (Denmark, UK) and Japan as well, we need to see more learnings in this direction”, he further added.”

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SAURABH KUMAR Executive Vice Chairman EESL Group

VIJAYANAND SAMUDRALA CEO Amara Raja Batteries

“What we have observed is that if you do provide a good network of charging stations to people, they do use electric vehicles.”

“You got to develop domestic manufacturing to address the need of various dynamics of electrification of mobility. Demand aggregation, scaling it up to 30-50 kWh is, in my view, the phase-I of how we can grow.”

PRIYANK AGARWAL VP & Head of Business Development & Strategy Exicom “Battery second-life will become a reality. We have to look at designing batteries that are second-life ready. This is something battery companies and OEMs have to start thinking on priority.”

ANSHUL GUPTA Director, Okaya Power Group “The Indian EV sector has grown exponentially but contributes only one percent to the total vehicles sales at present. The States of Punjab, Delhi, Maharashtra, Karnataka, Telangana, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh have majorly shifted policies and provided all the subsidies to consumers to make the shift possible and we are also witnessing rise in sales on account of this, but other States lag behind.”

VIKRAM GULATI Country Head Toyota Kirloskar Motor “What is missing is the aggregation of xEVs demand. In the journey ahead the focus should be on trying to make mass electrification, not just niche electrification.”

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AWADHESH JHA Vice President – Charge & Drive and Sustainability Fortum Charge & Drive “The electric vehicles plans globally are going to stay as they were, and no major changes can be expected. We, at Fortum, have witnessed the growth of technology from 50 kW at rapid scale. In Oslo, we are conducting a pilot wireless charging. This expertise is now brought into the market.”

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INNOVATION In this session, speakers deliberate on innovations. Innovation is progressively recognized as a core part of energy policy. A swift rise in battery innovation is playing a key role in clean energy transitions. Innovative approaches to financing and business models are also democratizing the benefits of batteries. NAVEEN SHARMA Vice President Exicom Tele-systems

DR. SANJAY BAJPAI Head (Technology Mission Division: Energy Water & All Others) - Department of Science & Technology

“The key drivers for the energy storage systems market are renewable integration, distribution utility, falling price of Li-ion battery and diesel optimization, which will take the stationary market further. There is a decent energy storage requirement of 20 GWh that will make for attractive market opportunities.”

ERIC HSIEH Grid Components and Systems Office of Electricity, Advanced Grid R&D, DoE “Our vision to have secure domestic manufacturing in the supply chain and be a world leader in energy storage utilization and we want to do this by coordinating and focusing on resources from across the U.S. Department of Energy (DoE) to create a comprehensive program to accelerate the development and commercialization of next-generation energy storage technology.”

“Today, innovation has become the buzzword and has taken center-stage. With current policy consultation, innovation will become a central part of science and technology. The departments of government have innovation opportunities in both formal and informal sectors.” SANDEEP TANDON National Programme Manager FLCTD, UNIDO “UNIDO is helping governments with a roadmap to meeting SDGs. We have five-year plans in India depending upon the source of funding. The goal is to bring together all the stakeholders and discuss a way to demonstrate and innovate the technology aimed at strengthening the cleantech ecosystem.”

SIDHARTH CHOUDHARY AVP and Lead Technology Management-AGNIi, Invest India “Science technology is more interlinked with innovation. The movement towards disruptive energy storage technology to come into the mainstream has started. We are very well placed to understand the importance of this sector and it is one the growth sectors to watch for.”

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ENERGY ACCESS

PROF. ARUMUGAM MANTHIRAM University of Texas, Austin

In this session the speakers discussed about energy access, significance of microgrids and minigrids and the use of storage therein. India has, in just over a decade, accomplished extraordinary success in extending electricity access through its national program. About 1,25,000 villages have been electrified and 500 million people have got access to electricity, but a lot of more effort is required as renewables get added to India’s energy mix.

“We are working on cobalt-free battery without compromising energy density, safety, and performance. My group is also working on sulfur. The dream technology is sodium-sulfur, if we can make that happen then sustainability, availability and cost will never be an issue.”

NATHAN ADAMS Director of Technology and Business Development Hitachi ABB Power Grids

DAVIDE COPPOLA Downstream Business Applications Department European Space Agency (ESA) “Typically, when it comes to renewable energy one of the key aspects is understanding of space data. Space data can help us understand not only commercial viability for future installations but also the environmental impact of the project. Through various initiatives, ESA continues to leverage space data to look into efficient ways for rural electrification and rural community upliftment.”

“Storage plays a critical role in keeping small grids up and running along with our (Hitachi ABB Power Grids) control system, which integrates the generation and keeps these grids running 24x7.”

THANK YOU PARTNERS

| November-December 2020

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138

EVENTS

RE-INVEST: India stepping up sustainable RE transition The third RE Investment virtual summit held this year, will send a signal to the global renewable community about the Indian government’s commitment to the scaling up and development of renewable energy to meet its energy requirements in a sustainable manner.

he 3 rd Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020) was inaugurated by Prime Minister Narendra Modi, through video conferencing. Organized by the Ministry of New and Renewable Energy (MNRE). the theme for the summit was ‘Innovations for Sustainable Energy Transition’. Mr. Modi expressed happiness that in the renewable energy sector, within a short time, the progress from megawatts to

gigawatts in generation capacity and ‘One Sun, One World, One Grid’, are becoming a reality. He pointed out that India’s generation capacity and the network is being expanded to ensure every citizen of India has to access to electricity to unlock his full potential. Today, India’s renewable power capacity is the 4 th largest in the world and is growing at the fastest speed among all major countries; the RE capacity is currently 136 GW, which is about 36 percent of our total capacity.

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Role of policies in energy efficiency

Prime Minister Modi also stated that India’s annual RE capacity addition has been exceeding that of coal-based thermal power since 2017. He said that in the last six years, India has increased installed RE capacity by two and a half times. He said investing in renewable energy early on, even when it was not affordable, has helped in achieving the scale, which is bringing costs down. India is showing to the world that sound

139 environmental policies can also be sound economics, he added. The government has ensured energy efficiency is not limited to one ministry or department, instead, it has been made a target for the entire government. All government policies have a consideration of achieving energy efficiency. After the success of the Production Linked Incentives (PLI) in electronics manufacturing, the government has decided to give similar incentives to high-efficiency solar modules. He stressed that ensuring “ease of doing business” is government’s utmost priority and dedicated project development cells have been established to facilitate investors. India has huge RE deployment plans for the next decade and is likely to generate business prospects of the order of around $20 billion per year. The prime minister also invited investors, developers, and businesses to join India’s RE journey. “I am confident that this conference will have fruitful deliberations which will help India steer into a new energy future”, he further added.

R K Singh, Minister of Power, MNRE

The Minister of Power - New and Renewable Energy and Skills, R.K. Singh, speaking at the event underlined India’s achievement in transforming the energy sector in the last five years. This includes a transition from energy-deficient to an energy surplus country, having the largest expansion of electricity to connect every hamlet, village and providing electricity connection to twenty-eight million households in eighteen months. He stressed that the rate of growth of renewable energy in India is one of the highest in the world. “India has done exemplary work in the space of renewable energy and running the largest energy access expansion plan. We have

connected every household, connected the whole country into one integrated grid and we are the only G20 nation which has been able to keep the temperatures within two degrees by its actions,” Mr Singh said, at the Chief Ministers' plenary session at the virtual summit. “Renewable energy is becoming cheaper in India, and I would like to congratulate all chief ministers for the great work but the work is just beginning and we will need to collaborate to achieve our targets. We need to continue working towards enhancing renewable energy in power production,” he added.

Indu Shekhar Chaturvedi, Secretary, MNRE

Indu Shekhar Chaturvedi, Secretary, MNRE believed that the virtual RE-INVEST held with Confederation of Indian Industry (CII) as the industry partner, has helped to understand the depth and outcomes of the collective effort involving global stakeholders. “Many great learning experiences, new ideas and facts that will drive the way forward for renewable energy in India and globally.”

for the country, building cleantech industries for India and helping industrial decarbonisation strategies,” he added.

Upendra Tripathy, Director General, International Solar Alliance

One Sun One World One Grid (OSOWOG) is also a strategy that India continues to push for at an international level. Upendra Tripathy, Director General International Solar Alliance (ISA) emphasized India’s role in the world and the work that ISA continues to nurture globally. “At the COP26 next year, we plan to bring out a Glasgow charter not just for OSOWOG but also for World Solar Bank. ISA is happy to play a big role in building this together” he said.

Chief ministers' plenary session

Vijay Rupani, Chief Minister, Gujarat

Amitabh Kant, CEO, Niti Aayog

Amitabh Kant, CEO - Niti Aayog said that India can leapfrog in the field of industrial decarbonisation only if we work hard towards it. This will help us move from being a passive recipient to an active driver in global cleantech and become a global champion in this domain. “Solar power will be a game-changer

Highlighting the achievements of the State of Gujarat, Chief Minister Vijay Rupani, said that Gujarat has been a pioneer in the space of RE, and in the last three years, the capacity of RE has increased considerably despite challenges. “We found solutions by involving people and appropriate partners and companies creating a win-win situation for renewable energy.” He informed that Gujarat has given subsidies to 55000 people to install solar panels and has a vision of achieving 5000 MW solar, and bringing solar energy to agriculture.

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Ashok Gehlot, Chief Minister, Rajasthan

Resonating the thoughts, Rajasthan Chief Minister Ashok Gehlot, said “Rajasthan is the 2 nd largest State in terms of investments in solar energy projects. When we started 20 years ago, the cost of renewable energy was `16 and now it is `2 per unit. This is sure to reduce further. We have to work towards renewable energy and climate change”. He said that incentives have been extended to the investors in terms of reduction in stamp duty, easy availability of land, ten years’ electricity charge-free, 90 percent subsidy in GST, etc.

Shivraj Singh Chouhan, Chief Minister, Madhya Pradesh

Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, said that India is an ideal country for RE. “With Madhya Pradesh being a centrally located State, it has a lot of possibilities and can supply renewable power to neighbouring States if needed. About 37,000 circuit transmission lines and service stations are being set up in the State,” he said, adding – “Madhya Pradesh is planning a 15,000 MW solar project, the cost of which is `5000 crore. Besides starting work on power transmission, we have also started survey work for some other innovative RE projects, like floating solar, etc., in the State. ‘Atmanirbhar Madhya Pradesh’ plan is being developed and renewable energy will play an important role.”

Radha Krishna Mathur, Lt. Governor, Union Territory Ladakh

Yogi Adityanath, Chief Minsiter, Uttar Pradesh

Speaking about the renewable energy potential of the newly f o r m e d U n i o n Te r r i t o r y o f Ladakh, Radha Krishna Mathur, Lt. Governor, Ladakh, said: “Ladakh has been envisioned to become a carbon-neutral Union Territory and renewable energy will play an important role in this regard. In the various assessments done Ladakh has a potential of 30 GW of solar, 5 GW of wind, 2 GW of hydro, and 300 MW of geo-thermal, as a beginning, a 10,000 MW project in the first phase, and to support it a strong transmission infrastructure is also being planned.”

Yogi Adityanath, Chief Minister of Uttar Pradesh, informed that producers have plans to set up 12000 MW of solar energy parks in UP. Two plants of 600 MW each to be set up in Jhansi, will

The forum also included a two-day virtual conference on RE choices and an exhibition of developers, manufacturers, innovators, and investors involved in the clean energy sector.

Jairam Thakur, Chief Minister, Himachal Pradesh

Himachal Pradesh Chief Minister, Jai Ram Thakur, said “Himachal Pradesh is a small State, but we are making all efforts to harness our renewable energy potential. Our target is to accomplish 24,000 MW of renewable power. So far, we produce 10,000 MW of hydropower and plan to double these numbers in the next decade.”

be commissioned soon. “KUSUM scheme for farmers is an ambitious program and UP has made plans to implement this program in the State.” Talking about investorfriendly policies, he said that policy provides open-access and online single-window entry for projects and parks. “By 2022 we plan to increase our solar energy capacity by 10,700 MW out of his 6000 MW will be for utilities and 4000 MW for rooftop solar.”

| November-December 2020

COMPANY INDEX Adani Advanced Grid R&D, DoE AES Gener AES India AGNIi, Invest India Agreko Alliance for Rural Electrification (ARE) Amara Raja Batteries Amazon Ampere Electric Ampere Vehicles Amperex Technology Limited (ATL) ARAI Arrival Ashok Leyland Asian Infrastructure Investment Bank (AIIB) Ather Energy Attero Recycling Pvt Ltd ATW Automation Australia India Strategic Research Fund (AISRF) Automotive Research Association of India (ARAI) Axis Bank Azelio Bajaj Auto Ltd Bajaj Auto Bar-llan University Base Batteries Berkeley Energy Industrial Commercial Solutions (BECIS) Big Basket BlackRock BluSmart Bosch Bosch Automotive Electronics Breakthrough Energy Ventures BrightBlu Brihanmumbai Electricity Supply and Transport (BEST) British Petroleum (BP) BryAir BSES Bureau of Energy Efficiency (BEE) Bus and Car Operators Confederation of India (BOCI) BYD Auto Industry Co Ltd (BYD) Calmac CATL CEEW Cell Propulsion Central Electrochemical Research Institute (CECRI) Centre for Materials for Electronics Technology (C-MET Pune) Centre for Nanosciences and Molecular Medicine CERC CES India Champion Polyplast (Saarthi) ChargeXO CII-GBC Conergy Confederation of Indian Industry (CII) Coslight Council of Scientific & Industrial Research (CSIR) CSIR-CECRI Customized Energy Solutions Customized Energy Solutions – India Dabur Deakin University Delhivery Delta Electronics Department of Heavy Industries (DHI) Department of Science & Technology Department of Science and Technology – GoI

12 136 22 92 98 101 86 91 115 124 47 102 117 100 103 131 12 90 101 81 117 115 23 15 46 81 126 104 115 100 103 103 95 100 104

103 13 94 96 101 101 93 103 81 81 90 87 89 125 103 106 101 139 126 81 81 103 81 115 126 11 135

Department of Science and Technology (DST) Dept. of Science & Technology (DST) Dhanvantri Bio Medical DMI Group Doosan Edison Motors ENEL Energy Efficiency Services Limited (EESL) Engie Group Enirgi Group Eos Energy Storage Epsilon Carbon EREN Renewable ESMITO Solutions Etrio Etrio Automobiles Euler Motors European Space Agency (ESA) EVage Ventures Pvt. Ltd. Evok Innovations Evolet India E-Wolf EESL Group Exfinity Venture Partners Exicom Exicom Power Solutions Exicom Tele-systems Exide Industries Faradion Ltd Farasis Energy Fiat Chrysler Finnfund FLCTD Flipkart Florida State University Fluence Folks Motor Pvt Ltd Form Energy Fortum Charge & Drive Fortum India Foton PMI Fourth Partner Energy GATI Gayam Motors GEMS Partners General Enterprise Management Services (GEMS) Generic Power system GK Erickshaw Global Smart Grid Federation Global Women Network Go Electric Godi India Goenka Electric Goldstone Infratech Govindram Seksaria Institute of Technology and Science (SGSITS) Gram Oorja Green charge Network Green Evolve Private Limited Greenko Greenko Energy Holdings Greensmith Greenstat Hydrogen India Gridtential Energy Inc. Grinntech Grinntech Motors & Services Gujarat SLDC h2e Power Hamara Grid HBL Power Systems Hero Electric

11 110 103 101 104 101 15 101 101 85 42 101 86 103 105 104 137 103 100 103 101 134 121 126 126 135 11 104 100 101 20 86 115 115 118 117 100 135 69 125 104 115 125 121 121 101 53 95 87 101 110 53 66 16 86 101 110 12 103 101 12 103 103 119 87 104 86 126 34

141

Hero Electric Vehicles Hero Future Energies Hero MotoCorp Hexis AG. Hibar Sytems Ltd Hino Motors Ltd Hitachi ABB Power Grids Huddle Hyundai Motor Group ICRA Ltd i-EM IESA IIM Ahmedabad IIM Calcutta IIT Delhi IIT Kanpur IIT Madras IIT Roorkee IIT Varanasi (BHU) India Energy Storage Alliance (IESA) India Smart Grid Forum (ISGF) Indian Institute of Technology (IIT) Indian Institution of Science (IISc) - Bangalore Indian Oil Corporation Ltd Indian Space Research Organisation (ISRO) IndianOil Intellecap International Advanced Research Centre for Powder Metallurgy and New materials (ARCI) International Energy Agency (IEA) International Solar Alliance (ISA) Inverted Energy Invest India Invinity IRENA JBM Solaris JBM-Solaris Auto Jeevtronics JET ENERGY Jitendra New EV Tech Karlsruhe Institute of Technology (KIT), Germany Khosla Ventures Kinetic Green Kinetic Green Energy Kinetic Green Energy & Power Solutions Ltd Kleiner Perkins Leclanché Lets Transport Livguard Energy Technologies Log 9 Materials LSC Lithium Corporation Lucas TVS Luminous Power Technologies Macquarie-owned GIG Magnes Motor Mahindra & Mahindra Mahindra Electric Mahindra Electric Mobility Pvt Ltd Malta Inc Manikaran Power ltd Maxwell Technologies MeitY Metaform Ventures MG Motor Minion Labs India Ministry of Electronics and Information Technology (MeitY) Ministry of New & Renewable Energy (MNRE) Ministry of Power (MoP) Ministry of Road Transport and Highways (MoRTH) MNRE

November-December 2020 |

48 93 104 104 101 20 137 99 101 53 128 16 113 16 81 81 81 16 95 16 81 16 107 14 106 97 133 139 98 101 128 66 66 99 23 124 81 100 125 18 53 100 10 115 125 121 101 95 126 101 110 15 15 15 100 89 101 110 121 125 110 11 11 131 119 138

142

COMPANY & ADVERTISER INDEX / IMPRINT

Mojo Green Monash University mPower GmbH Nanospan National Institute of Technology (NIT) National University of Singapore (NUS) Nations Industrial Development Organization (UNIDO) NavAlt Solar & Electric Boats NavAlt Solar and Electric Boats Private Limited NEC Energy Neoen New Energy Nexus Nexcharge NITI Aayog Northvolt NOW GmbH NTPC Vidyut Vyapar Nigam Ltd NXT Ventures Ocean Hyway Cluster Okaya Okaya Power Okaya Power Group Okinawa Autotech Pvt. Ltd Okinawa Ltd Ola Electric Olectra Ormat Technologies Orsted Oxto Energy Pacific Gas & Electric (PG&E) Panasonic Perbix Machine Co. Piaggio Pika Energy PMPML POSOCO Power Finance Corporation (PFC) Prasanna Group of Companies Prayas Primus Power Pune Mahanagar Parivahan Mahamandal Limited (PMPML)

110 81 104 110 81 97 106 110 111 104 22 98 103 131 100 97 66 100 88 125 126 135 46 72 103 125 101 21 85 75 126 101 125 101 125 87 91 96 87 100 65

ASCI 45 Bry-Air 6 CES Podcast 21 CES Storage IQ INDIA 57 CES 2-3

Chief Editor and General Manager Publications: Ashok Thakur Consulting Editor: Nishtha Gupta-Vaghela Assistant Editor: Shraddha Kakade Assistant Editor: Moulin Oza Contributing Editor: Kathy Priyo Corporate Communications: Swati Gantellu Design Consultant: SP Sneha President – IESA & MD, CES India: Dr Rahul Walawalkar Executive Director IESA: Debi Prasad Dash

PUR Energy Pvt Ltd QuantumScape Quidnet Energy Renault ReNew Power responsAbility Revolt Motors Rocket Batteries Rongke Power Co. Ltd. Saera Auto (Mayuri) Saera Electric Auto Ltd (Mayuri) SAFT Sand Bird Sangam-AIC SAR Group SB Energy School of Energy Studies Sequoia Surge Shell SKIO Matrix Snam Society of Manufacturers of Electric Vehicles (SMEV) Solar Energy Corporation of India (SECI) SolarCity Corp., Solarwatt Sonnen Stanford University Startup India Sterling and Wilson Strata Solar Sun Mobility Sun Power SunMobility Sunshot Technologies Sunsource Energy SVOLT SWAG EV TATA AutoComp System Tata Motors Tata Power Company Tata Power DDL TDK Corp

100 100 24 76 104 104 126 75 125 53 101 110 106 38 134 90 121 101 100 12 46 76 101 101 101 79 99 11 75 19 101 103 104 92 24 20 98 115 132 92 102

Emerging Technology Review 109 ETN - Subscription Form 73 EXICOM 6 IESA - Market Overview Report 67, 83 IESA 105, 127, 143

Tel Aviv University Tesla The Energy and Resources Institute (TERI) The Society of Manufacturers of Electric Vehicles The World Bank Thukral Electric Bikes TiE Global Total Toyota Kirloskar Motor Toyota Motor Corp. TPDDL Trane Tunwal E-Vehicles Ultraviolette Automotive Pvt Ltd Underwriters Lab Inc. Underwriters Laboratories Inc (UL) UNIDO UniEnergy Technologies (UET) United Nations Industrial Development Organization (UNIDO) US Department of Energy (DoE) Vflow Tech Vidhyut EVs Vionx Energy Viridity Energy Vistara Corporation VJTI- TBI Volkswagen Volkswagen AG. Volta EV (VAIPL) Wartsila Wenergie Eco Works World Bank Group World Economic Forum World Resources Institute World Solar Bank WRI YC Electric Vehicles (Yatri) Yulu Yunicos

81 22 12 46 133 53 99 12 60 101 13 101 124 104 133 97 99 75 106 132 110 53 100 101 110 100 101 85 101 110 93 58 139 53 104 101

IMC 2021 137 Okaya 144 SESI 2021 123 VJTI 8 WORLD ENERGY STORAGE DAY 2021 29

IESA

India Energy Storage Alliance

Printed and Published by Netra Rahul Walawalkar on behalf of Customized Energy Solutions India Private Limited. Printed at Unique Offset, Plot No. 1523, Anand Shilpa, Sadashiv Peth, Pune, Maharashtra, 411030, India and Published at Office No. 501, Fifth Floor, S. No. 249/50, G-O square building, Kaspatewasti, Wakad, Pune - 411 057. Editor: Ashok Umeshchand Thakur ***Any views, comments expressed are the sole responsibility of the respective authors, Emerging Technology News and Customized Energy Solutions (CES) and their co-operation partners do not undertake any responsibility, implied or otherwise. Any actions, legal or otherwise, OR causing any form of harm (physical or otherwise) made by permanent, temporary and honorary staff will be their sole responsibility! Disclaimer: Every effort has been taken to avoid errors or omissions in this magazine. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice immediately. It is notified that neither the publisher nor the editor will be responsible in respect of anything and the consequence of anything done or omitted to be done by any person in reliance upon the content herein. This disclaimer applies to all.© All rights are reserved. No part of this magazine may be reproduced or copied in any form or by any means without the prior written permission of the publisher. All disputes are subject to the exclusive jurisdiction of competent courts and forums in Pune, Maharashtra only. While care is taken prior to acceptance of advertising copy, it is not possible to verify its contents. CES cannot be held responsible for such contents.

| November-December 2020

START-UPS

START-UPS SPECIAL

SPECIAL BRONZE

Manikaran Lithium

SILVER

SPECIAL

EMERGING TECHNOLOGY NEWS

Articles inside

RE-INVEST: India stepping up sustainable RE transition

Green mobility: A promising start up

Battery storage: Enabler of clean energy and transportation

World Energy Storage Day review

Investments in the energy storage market

The Global Startup Outreach Program

Battery storage manufacturing in India

Tamil Nadu – clean energy leader in the making

EV charging infra in India set for expansion

E-bus to drive public transport electrification

E-4W: Steering into sustainable transportation

ACC battery PLI scheme

NATIONAL NEWS

E-3W: Leading the electrification race in India

E-2W: Riding the future of e-mobility in India

Vikram Handa, MD - Epsilon Carbon

Leading Excellence: Aligned with self-reliance

EXPERT'S NOTE

FROM THE EDITOR