GS 3 – Science & Technology
Context
- The Ministry of Power has initiated a Stakeholder Mapping Survey to aid the development of the India Energy Stack (IES).
- Aim: To collect data on organisational profiles, digital solutions, and readiness of utilities and companies for IES participation.
Objectives of IES
- Create a unified digital ecosystem for India’s power sector.
- Enable efficient monitoring, management, and innovation across the energy value chain.
- Facilitate integration of new-age solutions like Virtual Power Plants (VPPs), energy fintech models, and smart grid innovations.
Key Features of India Energy Stack
- Digital Infrastructure:
- Standardised, modular, and open-source platform for interoperability.
- Unique IDs:
- Digital IDs for assets, consumers, and transactions for precise tracking and accountability.
- Ecosystem Innovation:
- Framework for startups, energy-tech companies, and fintech players to design scalable solutions.
- Plug-&-Play Architecture:
- Easy adoption by DISCOMs and State Load Dispatch Centres (SLDCs) for flexible operations.
Significance
- Transparency: Brings traceability in transactions and consumer data.
- Efficiency: Reduces losses and strengthens demand-supply forecasting.
- Innovation Boost: Opens space for digital energy startups & fintechs.
- Energy Transition: Supports integration of renewables, smart grids, and distributed generation.