Infosys co-founder Nandan Nilekani has made a big claim on the new technology, saying it will create millions of entrepreneurs, which is…
Nandan Nilekani further compares this shift to UPI, which makes digital transactions seamless.
Infosys co-founder Nandan Nilekani predicts a major shift in India’s energy sector, similar to the impact of the Unified Payment Interface (UPI) on digital payments. Nilekani highlighted in the “Great Unlock: India In India: India In 2035” program at ARKAM’s annual conference how solar panels and electric vehicle (EV) batteries will enable homes to generate and store energy, leading to a new wave of entrepreneurs.
Traditionally, Indians relied on liquid and solid fuels (such as liquefied petroleum cylinders and coal) and electricity was drawn primarily from the grid, relying on liquid and solid fuels. But technological advances now enable people to generate, store and trade electricity, changing the way energy is consumed and distributed.
Houses are emerging when energy hub Nilekani emphasizes that dispersed energy structures are emerging. “Every home will be an energy producer because they have rooftop solar energy. Every home will be an energy store because they have electric vehicle batteries. So every home is a producer of energy, seller of energy and buyer of energy.”
He further compared this conversion to UPI, which makes digital transactions seamless. Likewise, households will soon be able to easily buy and sell energy, resulting in a more flexible, user-driven energy market.
He believes that this transformation will open up to new business opportunities. Just as UPI has led to the rise of digital financial services, decentralization of energy will create millions of microenergy entrepreneurs, thereby promoting economic innovation and growth.
