This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders, and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
Tata Group, a multinational conglomerate based in India, has been actively investing in climate tech and clean energy initiatives. The group has deployed a cloud-based platform for remote energy management across 150 of its facilities in India.
In terms of clean energy, Tata Power, a part of the Tata Group, plans to invest ₹15,000 crore to establish pumped hydro storage projects with a cumulative capacity of 2,800 MW by the financial year 2028-29. They are also planning to invest ₹70,000 crore to develop 10 GW of solar and wind power capacity in Tamil Nadu over the next 5-7 years.
Tata Power has set a goal to reduce its absolute GHG across Scope 1 and Scope 2 by 70% by 2025, and to achieve net-zero emissions by 2030. They are also working on digital O&M solutions to boost the wind energy sector. For biofuels, Tata Projects has received an order from Bharat Petroleum Corporation Limited (BPCL) for a bioethanol plant.
In the area of biomass, Tata Steel is working on several pilot projects focused on the development of deep decarbonization technologies.
They are also part of the Restructured Accelerated Power Development and Reform Programme (R-APDRP), which is directing roughly $10 billion over the coming years to grid modernization. These initiatives reflect Tata Group’s commitment to a sustainable and clean-energy future.
Partnerships for Progress:
Partnering with ACME Group for India’s largest green hydrogen project worth Rs 27,000 crore.
Tata Power and AutoGrid are expanding AI-enabled smart energy management for Smart Grid Systems in Mumbai.
Partnered with BHP, a global steelmaker, to explore lower carbon iron and steelmaking technology, aiming to reduce emission intensity through the use of biomass and carbon capture and utilization in steel production.
Tata Steel with Germany’s SMS group to work on green steel and decarbonization projects. They have set an ambitious goal of achieving net-zero carbon emissions by 2045.
Tata Chemicals is also contributing to this cause by investing in technology to produce silica from rice husk as a renewable feedstock.
On the clean energy front, Tata Power has announced a major initiative to invest more than $9.5 billion in renewables over the next five years, which is expected to almost double the share of clean energy in its portfolio.
This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders, and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
