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Corporations worldwide are adopting sustainability as a core operational strategy to address climate change, resource depletion, and pollution. This shift is fueling the rise of green manufacturing, providing companies not only with reduced environmental impacts but also with distinct competitive advantages.
India is at a pivotal stage in developing its manufacturing sector while aiming to reach net-zero emissions by 2070. As the sector's role in economic growth gains focus, the challenge is to balance increased industrial capacity with managing carbon emissions, especially as recent policy emphasizes manufacturing advancement.
Pivotal Moment for Indian Manufacturing
India is working to lower emissions in manufacturing through two key steps:
1. National Manufacturing Mission:
The government plans to launch a National Manufacturing Mission that will support small and large companies to strengthen the “Make in India” campaign. The mission will offer clear policies, practical plans, good oversight, and progress checks for ministries and state governments. The aim is to improve manufacturing by making operations efficient and environmentally friendly.
2. Clean Tech Manufacturing:
Supporting sustainable growth, this initiative will boost the production of clean technologies. It aims to add more local value and create ways to produce the required items, such as solar panels, EV batteries, motors, controllers, devices for splitting water, wind turbines, power transmission gear, and large batteries for the electric grid. By investing in these, India aims to cut imports and spur innovation in green technology.
Recent geopolitical changes and trade realignments create new opportunities for Indian companies to access international markets. The Indo-EU trade agreement opens access to 27 countries, giving Indian exporters a unique opportunity. With the EU's Carbon Border Adjustment Mechanism (CBAM), Indian exporters can earn preferential treatment by meeting international sustainability standards.
To make the most of these opportunities, Indian manufacturers should use more renewable energy and adopt new technologies, such as methods to capture and use carbon emissions. Doing so helps cut emissions and increase profits.
Wind-Solar Hybrid Systems with Battery Energy Storage: A Competitive Advantage
A practical way to use sustainable energy in manufacturing is to combine wind and solar power with battery storage. These systems give manufacturers many benefits, such as:
- Reduced Energy Costs: Using stored energy during peak tariff hours lowers electricity expenses and boosts savings.
- Reliable Power Supply: BESS delivers near-continuous power, minimizing production downtimes.
- Decarbonization: Hybrid systems cut fossil fuel use and diesel reliance, shrinking carbon footprints.
- Optimized Performance: Wind and solar together provide balanced production to meet changing demands.
- Cost-Effectiveness: Hybrid systems offer a more reliable and economical solution than single energy sources.
- Growing Use and Expansion: More factories are opting for large hybrid energy projects, often exceeding 100 MW, especially in power-hungry states like Tamil Nadu and Maharashtra.
This trend signifies a strong commitment to sustainable energy solutions within the manufacturing sector.
