The World of Renewable Energy with Hexagon
Published on : Wednesday 01-02-2023
The recent disruptions in the power sector are nothing but the commencement of the transformation journey, says Praveen K Nakkella.
Power generation business in India is continuously becoming alluring as the business becomes de-licensed with huge opportunity for merchant plants and regulated plants through competitive bids, captive and group-captive structures. Power sector has been a fundamental driver for the country’s socio-economic growth since the time of independence.
Conventional power plants (coal, combined cycle and others) operate in an environment where their independent System Operator (ISO) – or the grid – is continuously asking them to ‘Chase the Wind’.
As renewable power generations can vary based on available light and wind, the more traditional power plants must make up for the gap. This leads to intermittent operation where they need to cycle the load they generate frequently. Plants operating this way induce process variation where they can’t operate at a consistent ‘Steady State’. The window for profitable generation is getting shorter and any operational upsets can cause plants to miss their productivity window and decrease operational effectiveness.
In 2021, India was ranked No. 3 in the renewable energy attractive index. India is also the 3rd largest energy consuming country in the world with a customer base of more than 200 million. Currently, the Indian power system is one of the largest and most complex power systems in the world.
Moreover, the nation's electricity demand has soared significantly. It is forecasted to continue the escalation in coming generations and to satiate the country’s burgeoning necessity power; a substantial increase in existing power production is anticipated. As per the Central Electricity Authority (CEA), India needs to build 817 GW of generation capacity by 2030 out of which 500 GW needs to be generated from non-fossil fuel sources.
The recent disruptions in the power sector are nothing but the commencement of the transformation journey, from traditional to digital, and renewable energy is on the cusp of transformational changes. The key initiative that will revolutionise the industry is the path towards digital connectivity.
Hexagon's innovative solutions contribute to environmental and social sustainability by improving efficiency, quality, and safety in a broad array of industries and societal applications. However, this sustainability journey is not only determined by the role its solutions play in the market, but also by its own processes and actions. In the context of growing ESG (Environmental, Social and Governance) importance and Hexagon's recent pledge to further its ESG focus, the aim is to accelerate its commitment to respect planetary boundaries, generate positive social contributions and ensure robust corporate governance. Hexagon outlines ESG targets for 2023 and beyond, embracing goals to significantly reduce its carbon footprint and better manage supply chain risks.
Praveen K Nakkella is Head of Pre Sales, India at Hexagon. A highly versatile, accomplished and self -motivated professional, he has more than 19 years of experience in Presales, Business Development, Project Management, Product Management, Design, Analysis & Manufacturing, Mobile and Industrial Hydraulics.
Hexagon has approximately 21,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com
