Carbon intensity is inherent to heavy industries. Every operation, from making cement from limestone to producing steel from iron, entails burning fossil fuels, which results in harmful carbon emissions. It will take work to reduce all of these emissions from the industries that drive global GDPs. Until recently, it was thought that there were no practical answers, or that they would be extremely sluggish and costly. However, industries now benefit from both economic growth and technical development. Decarbonizing India’s industrial giants is no longer a pipe dream.
Almost 70 gigawatts of India’s total power demand are accounted for by the commercial and industrial (C&I) sector. This power demand is comparable to Germany’s peak consumption, to give you an idea of scale. Although the C&I industry is set on being carbon neutral and is committed to doing so, there is still a major barrier to the widespread adoption of green power by C&I customers: a general lack of understanding.
It’s anticipated that the C&I market in India will see significant disruption, akin to what happened to the telecom industry 25 years prior. The telecom business was revolutionized in the 1990s by important changes that were adopted by the Indian government. The industry benefited greatly from promoting private investment. India now has 1.14 billion wireless customers after seeing unheard-of growth in mobile connectivity and telecommunications services.
Despite the impression of a crowded market, the power sector in India is still notably underpenetrated when it comes to meeting the needs of C&I clients. Industrial clients are desperate for reliable, 24/7 green power at affordable rates because they are suffering from poor service quality and rising expenses.
The C&I industry needs affordable, dependable RTC-RE in an era where environmental sustainability and clean energy are valued globally. The C&I segment in India, which was previously dependent on discoms for power procurement, has benefited enormously from the advent of the Open Access (OA) market, which allows any power consumer or generator non- discriminatory access to transmission and distribution facilities. The OA market has grown dramatically in the last ten years thanks in part to the growth of renewable energy.