
Energy storage and green hydrogen are poised to significantly transform India's renewable energy sector within five years, according to Vaishali Nigam Sinha of ReNew Energy. Energy storage will address intermittency issues, providing reliable power, while green hydrogen will decarbonize heavy industries and transport. These technologies together aim to make renewables a baseload alternative, enhancing grid stability and energy security. India's 2030 goal of 500 GW non-fossil capacity requires substantial investment, expected to be mobilized through various financing mechanisms.