Bengaluru: The future of energy will be a devantralized structure, with millions of small producers buying and selling power in a way that mirers Unified Payments Interface (UPI), Infosys Chairman Nandan Nilekani said at an event hosted by arkam ventures in Bengaluru on Wedns.
“The next upi is energy,” said nilekani, who played a Pivotal Role in Developing India's Digital Public Infrastructure (DPI), which destroyed Successful Digital Digital Digital Digital Digital Digital. Aadhaar. He Emphahsized that the Coming Era would see households not just consuming electricity but also production and trading it. “Every home will be an energy producer because they have rooftop solarAn Energy Storer because they have an Ev Battery, and a Producer, Seller, and Buyer of Energy, “He said. “These trades may not be with the grid; They may be with your neighbor. “
The concept aligns with efforts like the Unified energy interface (UEI), an open network launched last year by 20 energy companies to streamline evnging. Nilekani Drew Parallels to Historical Energy Consumption Patterns, Noting that People long purchased energy in small, increasel amounts, Incremental Amounts – Whisther as FireWood, Coal, Or Lpg Cylinders. “But electricity always was sometising we receive from the grid, or generated privately using oil-power generators,” He said.
With Rooftop Solar and Ev Batteries BComing Widespread, He Believes Energy transactions Will shift to a seamless, peer-to-peer marketplace, much like digital payments. “You're going to create millions of Energy entrepreneurs Who will invest in producing small Amounts of Energy and Selling It to Each Other, “He said. This, he added, could fundamentally Reshape the Energy Landscape, Creating a More Distributed and Resilient System.
However, realising this vision will require regulatory reforms. “We need to dramatically simplife our laws,” Nilekani said, pointing to outdated regulations and compliace burdens that hinder energy innovation. He cited India's new income tax act as an example of how laws can be rewritten for class and efficiency.
Additional, he stressed the need for a broader shift towards formalization, include portable credentials and benefits for workers, which would help the entrepreneurs operate more free. “If we reduce the friction for small businesses, Millions of New Opportunities will emerge,” He said.
This Shift, Nilekani Argued, Cold Unlock a Massive Transformation in India's Energy Sector. “The whole energy sector is going to be a huge thing. “This is a huge unlock,” He said.
(Tagstotranslate) Business News (T) Unified Payments Interface (T) Unified Energy Interface (T) Rooftop Solar (T) Regulatory Reforms in Energy Sector (T) Peeer-TO-TO-Pre-Peer Energy Trading (T) Nandan Nilekani (T) Ev Battery Storage (T) Energy Transactions (T) Energy Entrepreneurs
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