Bengaluru: The future of energy will be a decentralized structure, to buy and sell power with millions of small producers Integrated payment interface (UPI), Infosys President Nandan Nilekani said at an event organized by Arakam Ventures in Bengaluru on Wednesday.
“The next UPI is energy,” Neelkani said, who played an important role in developing India’s Digital Public Infrastructure (DPI), which took successful digital initiatives such as UPI and Aadhaar. He emphasized that in the coming era, houses will not only be consumed by electricity, but will also produce and trade. “Every house will be an energy producer because they have Roof solarAn energy storeer because he has an EV battery, and a producer, vendor and buyer of energy, ”he said. “These trades cannot be with grids; They can be with your neighbor. ,
Aligns with efforts like concept Integrated energy interface (UEI), an open network launched last year by 20 energy companies to streamline EV charging. Neelkani attracted similarities for historical energy consumption patterns, given that people bought small, incremental amounts of energy for a long time – whether it is a firewood, coal, or LPG cylinder. “But electricity was always something that we had received from the grid, or was generated privately using the oil-managed generator,” he said.
With the roof solar and EV batteries being widespread, they believe that Energy transaction Like digital payments, a spontaneous, colleague to colleague will be transferred to the market. “You’re going to make millions Energy entrepreneur Who will produce small amounts of energy and sell it to each other, ”he said. This, he said, basically the energy can reopen the landscape, create a more distributed and flexible system.
However, feeling this vision will require regulatory reforms. “We need to dramatically simplify our laws,” Neelkani said, pointing to the old rules and compliance burden that obstructs the energy innovation. He gave the example of India’s new Income Tax Act an example of how laws can be re -written for clarity and efficiency.
Additionally, he emphasized the need for a comprehensive change towards formalities, including portable credentials and benefits for workers, which will help entrepreneurs to operate more independently. “If we reduce friction for small businesses, millions of new opportunities will come out,” he said.
This change, Neelkani argued, could unlock massive changes in India’s energy sector. “The entire energy field is going to be a big thing. “This is a very big unlock,” he said.
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