Greenko envisions the decarbonization, digitalization and decenralization as an opportunity and is in the process of transforming its business models to GKO 3.0 - transforming renewable energy into reliable, schedulable, and flexible energy and GKO 4.0- Energy value chain moving closer to customers. To Greenko, it is a continued pursuit of its vision ‘‘To lead Decarbonization, Digitalization & Decentralization of India’s Energy Sector’’.
The digital revolution as well as renewables, distributed generation, and smart grids are triggering new business models and regulatory frameworks. The energy markets and competition for customers are shifting to the online channel. Also, the Internet of Things (IoT) driving new product and management options, with digital companies and start-ups disrupting the landscape, while governments and regulatory bodies seek to encourage smarter measuring systems and greener standards for energy generation and consumption. Besides, digitalization has offered an enormous opportunity to manage generation more efficiently and in the case of renewables, it offers options to generate reliable, schedulable, and flexible energy. To thrive amidst these challenges, the utility of the future – Greenko, will be a significantly a decarbonized and digitalized system. Accordingly, GKO 3.0 and GKO 4.0 have a focus on transforming its organization and business and lead digitalization and decentralization of the energy system. This transformative journey will effect enhancements in productivity, reliability, safety, customer experience, compliance, and revenue management, while significantly contributing to the mitigation of climate change and socio-economic development.
In India, there is a growing preference among B2B customers for renewable energy with parity in cost and flexibility. Increased share of RE is pushing greater intra-day variations for baseload coal, demanding more flexibility from RE generators. Also, it is known that India has a limited flexible generation compared to other countries. In addition, 40 GW of generation capacity based on coal in India is generating power at a cost more than Rs.4.20/kWh and RE Storage hybrid can potentially compete with such capacity. Also there are pools of value that Integrated Storage projects can tap into. In order to harness this opportunity in schedulable RE- value pools in the power sector in India, Greenko has planned for Integrated Renewable Energy Storage projects.