India Energy Week, which will have its third edition in February, began in 2023 as a novel initiative to leverage India's increasing prominence in the global energy landscape through collaborative dialogue. Startups especially made their presence felt in the first two editions with their inventive solutions.
In green hydrogen (GH), some PSUs showcased new electrolyser technologies, even as startups have reached out to GoI to demonstrate their membrane-less electrolyser tech. Other firms have focused on building carbon capture, utilisation and storage (CCUS) technologies, including direct air capture and enhanced oil recovery methods. Much progress has been made in advanced battery storage solutions, including solid-state batteries, lithium-ion improvements and flow batteries, which promise better efficiency, longevity and reduced costs.
All major oil and gas MNCs have their GCCs in India, where Indian engineers are conducting cutting-edge design, engineering, data processing and decision analytics for major drilling operations, refinery operations and seismic data processing globally. A gradual journey of reforms and schemes to promote the entrepreneurial spirit has resulted in a tech boom, India's reputation as 'IT nation' giving way to that of a 'deeptech hub'.
GoI has launched various initiatives like India Semiconductor Mission and PLI scheme in electronics and battery storage, National Quantum Mission to seed and scale quantum computing research, NIDHI PRAYAS (National Initiative for Developing and