Abstract
Abstract Globally, national electricity systems are amid aggressive transitions. The shift from large fossil-fuel based power systems to many small-scale distributed renewable energy systems is a favourable paradigm for a transition to the Energy Internet. Relying on wide spectrum of emerging technologies such as information & communication technologies, the Energy Internet facilitates real-time trade of power through bidirectional flows of electricity, communication, and money. Energy transitions in India are at a fast pace and further transformation to an Energy Internet is an achievable dream. Current structure of expedited energy transition is experienced in the form of transformation in business models of energy utility service companies and energy markets. The objective of this paper is to systematically assess the ongoing transitions, the challenges and the opportunities and examine whether India is ready to leapfrog into a new way of energy transactions which will gradually transform the present electricity system to an Energy Internet. Our findings elaborate a reality check on India’s current transition pathways and answer the question: can an Energy Internet become real in near future?
Highlights
The national electricity systems are amid aggressive transitions
Aforementioned initiatives provide a conducive environment by giving investment confidence for the end-consumers to invest in electric vehicles (EVs), storage systems, and renewable energy systems, which can result in the faster integration of an Energy Internet into the national electricity system
The aptness of the Energy Internet for the transitioning Indian electricity system is assessed in this paper and is the novel contribution of this paper which is the first study in the area
Summary
The national electricity systems are amid aggressive transitions. The shift from large-scale conventional fossil-fuel-based power generation systems to renewable energy systems which are low-cost, efficient and scalable seems to be the preferred choice. They are: (i) strategies for the implementation of an Energy Internet in an existing nationwide legacy grid has not been studied in the past, (ii) transformation of the present legacy grid system to an Energy Internet in a gradual and coexisted manner has not been adequately explored, and (iii) the support of existing policy regime is not rightly identified especially in the context of developing countries. Challenges pertaining to resources and environment, and second, challenges posed by ongoing technology transitions Despite these challenges, there are certain opportunities in the present system which can fulfill the basic technological requisites for an Energy Internet. The proposed implementation strategy for an Energy Internet is the coexistence of an Energy Internet and legacy power grid, and its gradual scale-up
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