• Wed. Feb 21st, 2024

IIT Madras Energy Consortium hosts Energy Summit 2023

Indian Institute of Technology Madras’ (IIT Madras) Energy Consortium is hosting its annual Energy Summit from 5th to 8th December 2023.

It features participation from Global thought leaders and experts drawn from the industry, academia, policy makers and government agencies that are working towards accelerating the development of technologies to enable energy transition towards a low-carbon future. More than 300 delegates are taking part including over 40 international speakers representing Australia, UK, US, Italy, South Korea, and Japan.

Delivering a virtual address from Dubai on ‘Energy Transition Priorities in the US’ during the plenary session today (6th Dec 2023), Dr. Bhima Sastri, Director (Energy Asset Transformations), Office of Fossil Energy and Carbon Management, Department of Energy, US, “The US DoE Energy Earthshots initiative aims to accelerate breakthroughs of more abundant, affordable, and reliable clean energy solutions within the decade. Hydrogen shots seek to reduce the cost of clean hydrogen by 80% to $1 per 1 Kilogram in 1 decade. Carbon management spans a value chain of technologies and infrastructure such as carbon capture, carbon dioxide removal, transport, conversion and permanent storage.”

Further, Dr. Bhima Sastri said, “The US Department of Energy is tasked with accelerating technology through four focus areas – Explore, align, accelerate, and collaborate – via the 17 labs across the country. Some of the outcomes include the ‘Sub-Surface guidance for oil recovery’ through machine learning and ‘Power Plant Cybersecurity.’ The Bipartisan Infrastructure Law allocated $12 Billion for carbon management and more than $8 Billion for hydrogen. This has given the opportunity to deploy technologies that have only been researched so far.”

Dr. Bhima Sastri added, “The law has resulted in big investments in carbon management and critical minerals. For a long time, we have been depending on China for critical minerals in key technologies, like MRI. Now, we are trying to revive mines. Retired or retiring coal mines are being repurposed mostly for clean energy technologies.”

Making a major announcement during her address, Ms. Sarah Kirlew, Australian Consul General for Chennai, said, “With Australia being one of the earliest partners of The Energy Consortium, the next edition of The Energy Summit will be held at Australia next year (2024).”

Sarah Kirlew added, “Australia has natural gifts that allow the country to become a renewable energy superpower. In Terms of the Australia-India partnership, renewable energy is a key focus. Australia and IIT Madras have deep collaborations through various MoUs. Many Australian companies have also set up their research centres.”

The key summit themes for 2023 are:

Ø  Energy Storage and Green Hydrogen

Ø  Carbon Markets, Energy Economics and Climate Finance

Ø  Energy Efficiency, Energy Management and Modelling, Sustainable Buildings

Ø  Microgrids, Power conversion systems and Power electronics

Speaking earlier, Prof. V. Kamakoti, Director, IIT Madras, said, “The Energy Summit must look at several challenges into the future. If a technology is introduced, how can it be scaled up, what will be the response and how it can handle disasters. IIT Madras is ‘IITM for all’ and we are open to any industry and stakeholder to join and collaborate with The Energy Consortium.”

Prof. V. Kamakoti added, “Under the ‘Institute of Eminence’ (IoE) scheme, the Institute provided US$ 2 million to The Energy Consortium. Carbon Capture, Green Hydrogen and Battery Research (effectiveness and recycling) are all important areas along with zero emission trucking. In the next 10 years, recycling is going to become more important than even computing jobs. The Institute is looking at such projects under our ‘Waste to Wealth’ agenda.”

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