New Delhi, Feb 22 (Arise Times) – The Indian power sector is set to become a key driver of economic growth as Union Power Minister Manohar Lal emphasized the need for innovation at the Elecrama 2025 event. Addressing industry leaders in Greater Noida, he urged stakeholders to develop cutting-edge solutions to accelerate India’s transition towards a sustainable and energy-efficient future.

Renewable Energy and Smart Grid Solutions: The Future of Power

India has set an ambitious target of achieving 500 GW of renewable energy (RE) capacity by 2030. Highlighting this, the minister encouraged industry players to invest in advanced power electronics, efficient transformers, and smart grid technologies. He emphasized that renewable energy presents vast opportunities for economic growth, requiring innovation in power conversion, transmission, and distribution.

Since 2014, India’s RE capacity has expanded 2.81 times, reaching 200 GW. Solar power, in particular, has seen remarkable progress, growing 38 times to exceed 100 GW. These developments signify India’s rapid strides in clean energy, making it a global leader in sustainable power generation.

EV Charging Infrastructure: A Game Changer for E-Mobility

As electric mobility gains momentum, the need for a robust EV charging infrastructure has never been greater. Minister Lal stressed the importance of developing fast-charging stations, battery-swapping networks, and vehicle-to-grid integration to support the growing number of electric vehicles (EVs).

“E-mobility is a massive opportunity,” he said, calling on industry leaders to focus on innovative solutions that make EV adoption more accessible and efficient. He also highlighted the government’s commitment to supporting investors and businesses in this sector.

Modernizing Power Transmission and Distribution

To enhance grid efficiency and stability, the minister advocated for advanced transmission and distribution systems. He urged companies to develop Gas-Insulated Substations (GIS) and high-efficiency transformers that will modernize India’s power infrastructure.

With smart grid solutions, India can optimize energy consumption, reduce losses, and integrate more renewable energy into the national grid. This transition will not only help meet sustainability goals but also strengthen the overall economy.

Government Support and Industry Collaboration

The minister reassured investors that the government remains committed to fostering innovation in the power sector. He encouraged businesses to leverage government schemes and incentives that promote research and development in renewable energy and smart power solutions.

“India is not just progressing; it is racing ahead,” Lal said, underscoring the nation’s impressive achievements in scaling up clean energy. He emphasized that with continued collaboration between the government and industry, the 500 GW RE target is well within reach.

Conclusion

Elecrama 2025 stands as a pivotal event for shaping the future of India’s power sector. With a focus on renewable energy, smart grids, and EV infrastructure, the industry has a golden opportunity to drive economic growth while ensuring sustainability. As innovation takes center stage, India is poised to become a global leader in clean energy and power technology.