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Tag: Green Hydrogen India

  • Debmalya Sen plugs into power as new IESA president amid green tech charge

    Debmalya Sen plugs into power as new IESA president amid green tech charge

    MUMBAI: India’s clean energy movement just got a serious upgrade. The India Energy Storage Alliance (IESA) named Debmalya Sen as its new president, handing the reins to a man who knows his way around everything from green hydrogen to giga factories. With his appointment now official, IESA is doubling down on its mission to turn India into a global powerhouse for clean tech, storage solutions, and e-mobility innovation.

    And let’s just say: this isn’t Sen’s first energy rodeo. The former India lead – advanced energy solutions at the World Economic Forum has been elbow-deep in the country’s energy transformation efforts, sparring with policy, partnering with ministries, and pushing for scalable, sustainable growth.

    “With the increasing role of energy storage and clean technologies in achieving India’s net-zero goals, I look forward to driving innovation, policy support, and industry collaboration to accelerate the sector’s growth,” said Sen.

    As president, Sen now spearheads strategic initiatives, high-voltage partnerships, and regulatory lobbying to expand the footprint of battery storage, green hydrogen, and smart mobility. Backed by a 180+ strong membership base, IESA has evolved into India’s largest industry alliance across cleantech, EVs, hydrogen, renewables, and microgrids. Founded by Customized Energy Solutions in 2012, the alliance has grown into a nerve centre for energy innovation.

    “His experience in battery storage, grid modernisation, and green hydrogen development will strengthen IESA’s mission to create a sustainable and resilient energy future,” said Customized Energy Solutions India Pvt Ltd MD Vinayak Walimbe.

    IESA has more tentacles than a clean-energy octopus. Its India Battery Manufacturing & Supply Chain Council (IBMSCC) focuses on localising the supply chain for India’s upcoming giga factories. Meanwhile, the India Electric Mobility Council (IEMC) zips ahead with R&D and clean transport manufacturing. The India Green Hydrogen Council (IGHC) and Stationary Energy Storage India (SESI) Council focus on R&D and deployment for industrial use and national grid resilience.

    And that’s not all. The IESA Reuse & Recycling Council (IRRC) tackles end-of-life challenges with global best practices in battery recycling. The Startup and Innovation Initiative, meanwhile, scouts future disruptors in India and abroad looking to crack the market with breakthrough tech.

    With Sen at the helm, expect less jargon and more joules. 

  • JSW Energy reports resilient Q2 FY25 results amid economic challenges

    JSW Energy reports resilient Q2 FY25 results amid economic challenges

    Mumbai: In a year marked by economic challenges and shifting global energy priorities, JSW Energy continues its steady performance, navigating volatility with a balanced mix of innovation, sustainability, and expansion. The company’s Q2 FY25 results underscore a nuanced position: while overall revenue reflects a modest decline, strategic initiatives in renewable energy and infrastructure lay the groundwork for long-term growth.

    In Q2 FY25, JSW Energy’s revenue from operations stood at Rs 3,237.66 crore, a slight decrease from the Rs 3,259.42 crore recorded during the same quarter last year. Although consolidated EBITDA dipped by 5 per cent YoY to Rs 1,907 crore, underlying EBITDA grew by 4 per cent, driven by increased energy generation across its thermal, wind, and hydro assets. Net Profit After Tax (PAT) grew to Rs 853 crore, marking a small but steady YoY increase, underpinned by an uptick in operational efficiency and an optimised debt position, with a net debt-to-equity ratio of 0.9x and net debt-to-EBITDA (excluding CWIP) at 2.2x.

    The company’s energy generation surged by 14 per cent YoY to 9.8 billion units (BUs), a growth attributed to the commissioning of 204 MW in wind projects and enhanced generation from both its thermal and hydroelectric assets. Total renewable energy (RE) generation rose by 14 per cent, hitting 5 BUs. Notably, wind generation surged by 37 per cent YoY, while hydro saw a 5 per cent increase. Thermal energy, despite broader industry challenges, remained resilient, contributing an impressive 4.8 BUs—an increase of 14 per cent YoY.

    JSW Energy’s commitment to environmental and social governance (ESG) is also noteworthy. The company received an ‘A’ rating from MSCI for its ESG practices and achieved a leadership score of “A-” for climate-related transparency from CDP. In addition, the company secured an all-time high score of 77/100 in S&P’s Global DJSI-ESG rating, underscoring its dedication to ethical and sustainable practices within the energy sector.

    As JSW Energy transitions toward a low-carbon energy future, its strategic focus remains steadfast on renewable energy expansion. The company’s cumulative RE generation capacity now stands at 19.2 GW, supported by significant new PPA signings for RE projects totaling 3.8 GW in Q2 FY25. Key projects include the nearly commissioned 454 MW SECI X Wind Project and new infrastructure projects in green hydrogen and battery energy storage. By March 2025, a 3,800 TPA hydrogen plant is anticipated to be operational, supplementing JSW’s green hydrogen agreements with JSW Steel, while a 1.0 GWh BESS project is slated for completion by June 2025.

    JSW Energy’s Q2 FY25 results present a complex yet promising outlook. Amid immediate financial challenges, the company’s strategic alignment with India’s renewable energy goals and commitment to ESG underscore a forward-thinking approach. With substantial growth in renewable capacity and promising new ventures, JSW Energy is positioning itself not only as a leader in India’s energy transition but as a globally responsible energy player.