The recent India Energy Week 2023, which was held in Bengaluru from March 6 to 10, convened renowned energy experts, policymakers, and industry leaders to discuss the future of energy in India.

By: Sudhindra Hathwar, Business Development Manager, Alleima India

With the theme "Energy Transition: Strategies for Sustainable Development," the event covered topics focusing on renewable energy, energy efficiency, digitalization and innovation in the energy sector.

As a leading player in India's stainless steel manufacturing and corrosion alloys industry, Alleima is committed to producing high-value-added advanced stainless steel products that meet the diverse needs of its customers in various industries, including oil and gas, petrochemicals, power generation, and automotive. Our state-of-the-art manufacturing facility located in Gujarat has established us as a reliable and trusted supplier of stainless steel products in India, and the region.

At our booth on-site, we were able to showcase our advanced stainless steel products and corrosion alloys, gain valuable industry insights and network with key decision-makers. Our conversations were focused on gaining better understanding of the current and future needs of our customers.

Key trends in India’s energy industry

India is making significant progress towards achieving its domestic renewable energy capacity targets. According to a report by Economic Times Energy, the local renewable energy sector is growing rapidly, posting a CAGR of 15.92% between FY16-22. The government's push towards renewables is driven by reducing the country's dependence on fossil fuels and promoting sustainable development. They have announced ambitious plans to install 500 GW of renewable energy capacity by 2030, which would put India on track to reaching its goal of net zero emissions by 2070.

To achieve this target, India has also continued to focus on waste management, particularly waste-to-energy – essentially generating energy from waste materials. As of March 2022, the total installed capacity of waste-to-energy plants in India was around 200 MW, according to a report by the Ministry of New and Renewable Energy. The government plans to set up more such plants in various cities and towns across the country.

Meanwhile, a number of companies in India are developing their own technologies for the production, transport, and storage of hydrogen. As the adoption of hydrogen gains momentum, it is expected to play a significant role in India's transition towards cleaner, more sustainable energy sources.

A sustainable future in India

Despite having made progress the past few years, India still faces a number of environmental challenges, including high CO2 emissions, overuse of fossil fuels, and pollution of air and water. As the population grows, energy demand also increases. Technologies should be developed to enable the sensible use of resources, and waste-to-energy, solar, wind power, and other forms of renewable energy should be the future of India's energy industry to combat these environmental challenges.

At Alleima, we recognize the importance of sustainability and have identified safety, circularity and fossil fuel reduction as key target areas, among others. We have taken measures to reduce our carbon footprint by implementing solar power plants for internal use and purchasing electricity from renewable sources.

As the demand for energy grows in India, there are ample opportunities for innovation in the sector, and companies that provide sustainable solutions are poised to thrive. Alleima is committed to tackling challenges posed by new technologies, developing new grades, and maintaining a dedicated team that is focused on helping clients make better decisions when it comes to energy efficiency.

Our pledge to sustainability

With over 160 years of experience and presence globally, we have excellent track record in many industries across the world. At India Energy Week 2023, Alleima showcased a range of products including Instrumentation Tubes, which are designed to withstand the challenges of high pressure, temperature, and corrosion in the energy sector. With in-house melting and producing, Alleima ensures reliability and consistency in quality. What makes the Instrumentation Tubes a great solution is their high level of chemical composition, tolerance, and mechanical properties, which exceed international standards.

The Heat Exchanger Tubes were also highlighted at our booth on-site. Available in a range of grades, including austenitic, duplex, high Ni grades, titanium, and zirconium, these tubes are considered by our customers to be the best in the industry due to their quality and innovation. These products are high-performance materials that support more cost-effective and efficient operations.

Alleima is poised to play a significant role in shaping India's sustainable energy future. With plans to continue expanding its product offerings and manufacturing capabilities under the “Make in India” and “Atmanirbhar Bharat" initiatives, our customers can anticipate more innovative products that address the industry challenges, and provide high-quality solutions for the energy sector.