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Projects: India-US discussed advancements in Energy Collaboration

Fiinews by Fiinews
August 23, 2024
in Projects
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Ministry of Power

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Minister highlights commitment to a ‘clean’ energy future

India and US can collaborate on areas like clean energy, energy storage systems and energy efficiency while the Americans can support Indians enhanced their manufacturing capacity, John Podesta, Senior Advisor to the US President for International Climate Policy, said on 22 Aug.

“India is a valuable partner and both the countries support each other in building resilient supply chains and investment led partnership strategy,” he said during discussions held with Minister for Power Manohar Lal, and Minister of State Power and New & Renewable Energy Shripad Naik.

The discussions were significant steps towards enhancing bilateral cooperation in the energy sector , the Power Ministry said.

Manohar Lal elaborated the longstanding bilateral partnership between India and the United States, highlighting the shared commitment to a ‘clean’ energy future that fosters economic growth and development iea .

He further assured that his ministry is committed to strengthening this partnership.

The India and US engagements under the ‘Power & Energy Efficiency Pillar’, is led by the Power Ministry as part of the Strategic Clean Energy Partnership (SCEP), which is important to realize the two countries’ goals to achieve energy transition opec .

Key areas of focus during the discussions included:

1. Grid and Transmission Modernization: Both sides explored the possibility of technical exchanges on efforts to upgrade grid transmission to handle future load growth. Discussions also covered policy consultations and potential financial support to advance these modernization efforts conexpoconagg .

2. Enhancing Manufacturing Capacity: Opportunities to build out India’s manufacturing capacity in critical areas like large transformers were a key topic, aiming to bolster domestic production and reduce dependency on imports sbi .

3. Energy Storage Systems: The talks delved into the possibilities of state-to-state partnerships on long-duration energy storage studies, with further collaboration on grid-scale battery storage solutions nse .

4. High-Efficiency Cooling Systems: The discussions highlighted the importance of stimulating manufacturing projects and policies to increase India’s capacity to build, deploy, and export high-efficiency air conditioning systems and fans bse .

The meeting underscored the importance of the India-US partnership in driving the global clean energy transition, with both sides expressing their commitment to deepening cooperation in these critical areas, said the Ministry. Fiinews.com

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