India is on a mission to become the world’s third-largest economy in the next five years, and at the heart of this pursuit is a dynamic energy landscape. With a goal to slash carbon emissions by 1 billion tonnes and achieve 50% power generation from renewable sources by 2030, the net-zero emission target by 2070 is no longer a dream. India is taking bold steps towards a sustainable energy future.
India Energy Week (IEW), set for February 6-9, 2024 at the IPSHEM-ONGC, Velim, Betul, in South Goa, is a crucial event fostering collaboration and sparking discussions in the energy sector. Let’s explore the latest in India’s energy scene, Dassault Systèmes solutions, and get a sneak peek into what’s happening at IEW this year.
India’s billion–dollar bet on a greener future
The country’s energy journey involves substantial investments to keep pace with the requirements of its booming economy. With an expected annual growth of 9% in natural gas consumption and a commitment to adding 35-40 GW of renewable energy each year, India is systematically reshaping its energy ecosystem. The objective is clear – foster sustainable and environmentally-conscious growth. Investments span across diverse sectors, including exploration and production, refining, petrochemicals, renewable energy, green hydrogen and gas infrastructure.
Some of the strategic investments and allocation anticipated in this field include:
- Exploration and production: $100 billion to be invested by 2030.
- Ethanol blended plants: $5 billion to be invested over the next couple of years.
- Refining and petrochemicals: $30 billion to be invested by 2030.
- Renewable energy: $25 billion to be invested by 2025.
- Green Hydrogen: $2.3 billion investment to support production, use and exports.
- Gas infrastructure: $67 billion investment in pipelines, terminals, storage, and plants in the next 5 to 7 years.
Dassault Systèmes: A catalyst for innovation in energy
At the forefront of shaping India’s energy future stands Dassault Systèmes. Our flagship 3DEXPERIENCE platform isn’t just a collection of software; it’s a powerhouse that empowers the entire energy ecosystem.
Imagine a unified and collaborative environment, seamlessly connecting people, ideas, data, and solutions in real-time. This innovative approach enables companies to create virtual twins of products, processes, and operations, envisioning, designing, and testing new solutions crucial for a sustainable economy.
Our solutions rise to the challenges of the oil & gas and power sectors, maximizing asset performance, reducing project risks, and improving asset reliability. The 3DEXPERIENCE cloud platform liberates companies from IT constraints, fostering collaboration and innovation across the entire lifecycle – from engineering and product development to construction, operations and delivery.
This integrated approach enables companies to diversify, adapt to evolving priorities, and align with the dynamic demands of customers and society. Our comprehensive offerings in the energy space include:
- CATIA for Engineering Excellence
- DELMIA for Construction and Operations Excellence
- ENOVIA + NETVIBES for Facilities Information Excellence
- ENOVIA for Decommissioning Excellence
CATIA: Bridging modeling and simulation
CATIA revolutionizes the conventional landscape of 3D CAD (computer-aided design) through cognitive augmented design, seamlessly merging modeling and simulation. By harnessing knowledge, expertise and proven technology, CATIA goes beyond mere automation in design and systems engineering. It plays a pivotal role in shaping an interconnected world, providing comprehensive features for the design of connected objects and experiences driven by cyber-systems.
DELMIA: Transforming manufacturing realities
DELMIA provides solutions to tackle the complex challenges faced by manufacturers today. Blurring the boundaries between virtual and real worlds, we empower global customers to collaborate, model, optimize, and execute supply chains, manufacturing, logistics, and service operations, ultimately driving strategic business success. Elevate your operations with a unified perspective, plan and simulate global activities, and optimize logistics while efficiently managing your workforce.
ENOVIA: Driving collaboration and creativity
ENOVIA facilitates secure collaboration and innovation among teams throughout the value network, turning market opportunities into competitive advantages. Effortlessly connect people, ideas, data and processes. Extract insights from real-world data. Establish a robust strategy for products and services that stand resilient in the market. Transform your value network into a strategic asset, redefine the innovation process and enhance the efficiency of design cycle times.
NETVIBES: Unlocking growth with actionable insights
Leverage data for tangible insights that propel development and enhance competitiveness. Acquire industry insights, translate intuition into tangible evidence through virtual twin experiences, and harness collective knowledge for informed, data-driven decision-making. Attain strategic insights into market trends, programs and products to surpass targets. Enhance product performance and optimize availability through data-driven asset operations management.
“In this fast-evolving digital world, we needed a strong digital platform that can fuel and power our growth. We chose Dassault Systèmes’ 3DEXPERIENCE platform because it helps us in robust scheduling and planning of large and complex projects” – Subramanian Sarma, Whole-time Director & Sr. Executive Vice President (Energy), L&T.”
India Energy Week 2024: The architect of India’s energy future
Initiated by the Ministry of Petroleum & Natural Gas and the Federation of Indian Petroleum Industry (FIPI), IEW 2024 aims to catalyze discussions on building a forward-looking energy stack. With a diverse audience comprising global attendees and influential figures, the event will redefine the energy landscape through conferences, sessions, and roundtables, with over 350 exhibitors expected.
Boasting 35,000+ attendees from 120+ countries, this is one of the biggest events in the energy sector. Topics of interest include the impact of localization, regionalization, and globalization on energy-related industrialization and manufacturing processes. Balancing security, accessibility, affordability, and sustainability, particularly for developing economies, fostering cooperation and collaboration between energy companies, and building the future workforce for a new energy world.
Gathering global energy ministers, policymakers, CXOs, and innovators in sustainable energy, IEW 2024 is set to influence the energy sector through 80+ conferences, sessions, and roundtables. The event will also witness the launch of critical government initiatives in the sector.
Aligned with India’s ambitious goals, IEW contributes to the nation’s potential as the third-largest global energy consumer. It strives to make substantial strides in increasing renewable energy capacity and reducing carbon emissions. Projections indicate a significant share of approximately 25% in the global energy incremental demand growth over the next 15-20 years.
Anticipating India Energy Week 2024
IEW 2024 promises to be a dynamic platform for open dialogue with global energy ministers, CEOs, policymakers, experts, analysts, and professionals. Specialized pavilions will showcase key initiatives supporting India’s energy transition, while exhibitions will highlight opportunities for international collaboration and investments.
Explore our groundbreaking solutions at IEW 2024. Visit our booth (Hall Number 3, Stall Number 3B30) to witness how innovation can revolutionize your approach to energy solutions. Engage with our experts and leaders, discover the power of virtual twins, and learn how collaboration through integrated platforms can address your organization’s challenges.
As India moves towards greater adoption of sustainable and innovative energy solutions, Dassault Systèmes is a key partner, providing experiential tools and cutting-edge technology to contribute to a more sustainable economy. Join us at IEW 2024 to be part of this transformative journey towards a greener and more efficient energy mix, cementing India’s leadership in the global arena.
Together, let’s shape the future of energy.
For more details about India Energy Week 2024 and to register for the event, please visit the IEW 2024.