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Indian Energy Storage Alliance to hold first startups contest

IANS  |  New Delhi 

The Storage Alliance (IESA) will organise the country's first startup competition on storage, electric vehicles, charging infrastructure and micro-grids as part of its fifth international conference and expo here on January 11-12, the industry body has announced.

According to an IESA statement here, the fifth edition of its Storage 2018 event, which includes pre-conference workshops on January 10, would focus on addressing the issues, challenges and opportunities for storage, micro-grid and electric vehicle (EV) solutions in the country.

"ESI 2018 will provide first-class networking event to drive storage market expansion in profitable applications," the statement said.

"One of the key attractions of ESI 2018 will be India's first startup competition focused on storage, and charging infrastructure, and microgrids."

More than 2,000 industry experts, 100 speakers and over 50 exhibitors from 25 countries are expected to participate in ESI this year.

The competition will focus on identifying three startups working on storage to give them an opportunity to be mentored by top companies in the field.

As per the contest conditions, applicant startups should have an annual revenue not exceeding Rs 3.25 crore and should have been in operation for less than five years.

Among the challenges that the conference would focus on is the major gap in storage in and seeking solutions to indigenise the in this segment.

In this connection, state-run Efficiency Services Ltd has recently said the major roadblock in realising the government's vision for is the lack of charging infrastructure.

The governments's National Electric Mobility Mission Plan, launched in 2013, aims at gradually ensuring a vehicle population of about 6-7 million electric and hybrid vehicles in by 2020. The vision enunciated two years ago is for to have 100 per cent EVs by 2030.

is still at a very basic level on storage solutions, while the few existing facilities are hugely expensive.

Meanwhile, solar solutions provider Vikram Solar announced on Friday that its has been of the renewable and storage division of the Indian Electrical and



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 05 2018. 16:16 IST