Criticality of Energy Storage for Achieving Net Zero – Rahul Walwalkar | CLIMAFIX Summit 2024
Climafix 
At the CLIMAFIX Summit 2024, Rahul Walwalkar brings two decades of industry expertise to discuss the critical role of energy storage in reaching net-zero emissions. He shares insights from his career, tracing the evolution of energy storage technologies and addressing the pressing need to accelerate their development due to climate urgency.
Rahul emphasizes that energy storage is more than just a backup solution; it’s a versatile tool crucial for stabilizing the electric grid and supporting renewable energy. He calls for updated market valuation models and policies that facilitate faster deployment, urging the industry to avoid lengthy delays seen with technologies like solar and lithium-ion in the past.
Key points include the ongoing innovation across storage technologies, the importance of diverse applications beyond cost considerations, and how India’s energy storage ecosystem is rapidly expanding with over 80 companies now engaged. Walwalkar also highlights the remarkable cost reduction in lithium-ion batteries, which now makes them viable for longer-duration storage critical to grid-scale solutions.
The CLIMAFIX Summit is an annual gathering of climate leaders organized by IIT Madras Energy Consortium & Energy Alternatives India (EAI).
More about CLIMAFIX Summit 24 from here – https://www.climafix.in/summit/2024/
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