The report “A Blueprint To Advance The U.S.-India Energy Security Partnership” by ORF America summarises that energy security remains a cornerstone of the U.S.-India partnership, being vital for economic growth and national security. A U.S.-India Energy and Industrial Partnership should involve deploying energy technologies at scale, reducing concentrations in energy supply chains and manufacturing, and strengthening both the domestic industrial base and industrial corridor between the two countries. This will require a four-pronged approach involving: research partnerships to leapfrog to new battery chemistries and small modular reactors, among other emerging technologies; trade missions and technology transfers in strategic sectors, including automotive and battery technologies; public-private partnerships in areas such as lithium-ion battery and ancillary component manufacturing; and a bilateral track involving governments and financial institutions for funding strategic sectors.
The United States and India can expect an eight-to-tenfold increase in demand for batteries and critical minerals by 2035. Addressing this demand will require joint resource mapping, capital deployment, and manufacturing and technology partnerships. Particular efforts must also be made on automotive and transportation technologies, including hydrogen fuel cells, advanced driving assistance, and drones. Furthermore, India’s expansion of natural gas, green hydrogen, and nuclear power in its energy mix present opportunities for collaboration, with advantages for the United States in cost-competitive electrolyzers and nuclear energy components. All of these steps will present opportunities for collaboration and investments involving the private sector and the two countries’ start-up ecosystems.
Access the report here
