Page 11 - Edelweiss India Conference 2022 FLIPBOOK
P. 11
New Energy Digital Manufacturing Capital Markets Human Capital
A schematic outline of a Hyper Integrated Plan for New Energy by India’s leading corporates
Provided Provided
EPC Renewables EPC Division EPC
Solution Solution
Funding Integrated Advanced Funding
Solar PV module Storage of Battery Storage
(Highest Quality Solar Energy (Store Intermittent
Solar Module) Energy)
Low Renewable Low
Cost Energy Cost
Green Green
Bonds Bonds
Funding Electrolyser Green Fuel Cell Funding
(Modular Hydrogen (Convert H2 into
Electrolysers) Stationary Power)
Transport
Industrial use of H2 Usage
Chemical
Segment Segment FCEVs
Source: Edelweiss Research
Hyper-Integration, reduced cost, world-leading scale
We believe India is already quite competitive in the New Energy space, and that its
competitiveness is poised to rise even further. The three main pillars that can drive down
costs and enhance longevity are: i) Hyper-Integration; ii) lowest-cost PV module producer
globally; and iii) world-leading scale.
In addition, we believe that the rollout of New Energy shall have diverse sector implications
ranging from re-rating and growth acceleration to potential disruption. Silicon is the second-
most abundant
i) Hyper-Integration element - 26% of
earth’s crust vs
Hyper-Integration calls for setting up a few giga factories for integration across photovoltaic
(PV) solar module manufacturing, solar energy to battery storage and green hydrogen 0.002% for lithium
generation to fuel cells manufacturing as well as manufacturing modular electrolysers.
Huge opportunities for unmatched integration lie within PV manufacturing itself from
facilities would thereby cut dependence on imports to a huge extent.
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