EV Components Maker Files Two Patents as India’s Renewable Energy Boom
In addition to renewable energy, India’s EV industry is gaining momentum, primarily due to awareness programs by the government, agencies, and companies
New Delhi now stands among the world’s top three largest producers of renewable energy. President Droupadi Murmu recently emphasised the significance of energy efficiency and renewable energy in achieving India’s net-zero emissions goal, underscoring the pivotal role of the power sector in driving development.
In parallel with its progress in renewable energy, India’s electric vehicle (EV) industry is also gaining substantial ground. The country is at the forefront of the global shift towards EVs, which have led to a substantial increase in EV adoption.
Delhi-based EV charger manufacturer, Servotech Power Systems, has recently filed patents for innovative energy management technologies aimed at further bolstering the EV adoption trend.
These technologies focus on optimising grid services through a battery energy storage system, effectively channeling renewable energy into the Battery Energy Storage System (BESS) for maximum utility, ultimately contributing to the transition to sustainable energy.
In an exchange filing with the National Stock Exchange (NSE), Servotech Power Systems stated that their technologies, including the “System and Method for Controlling Load Shifting by Third Party” and the “System and Method for Effective Energy Channelisation from a Renewable Energy Source,” have broad applications across various fields, including solar and electric vehicle charging systems.
It may be recalled that in 2015, the Modi government had set a target of achieving 40 per cent renewable energy in the country’s energy mix by 2030. Remarkably, this target was met in 2021, a full nine years ahead of schedule, as stated by Union Power Minister RK Singh.
Building on this success, the government has now revised its target, aiming for renewables to constitute 65 per cent of the country’s energy mix by 2030. Presently, India boasts an installed power generation capacity of 186 GW from non-fossil fuel sources, showcasing the nation’s commitment to a greener and more sustainable energy landscape.