Leading innovation and sustainability in the cement sector
While the production process of cement has historically been energy-intensive, the cement industry is embracing innovative solutions to enhance its environmental performance, of which utilising carbon-free electricity sources is a key pillar.
Shree Cement has achieved several industry-first milestones that reflect its commitment to a greener future, including publishing its first sustainability report 20 years ago (2004-05). This was the first within the Indian cement industry. The organisation’s efforts have been widely recognised, including being named the first Sustainability Champion by the World Economic Forum in 2011. Now, Shree Cement are demonstrating their continued commitment by joining Climate Group’s 24/7 Carbon-Free Coalition as a Founding Partner.
Renewable energy transition
Earlier this year Shree Cement joined Climate Group’s RE100 campaign, making a commitment to sourcing 100% renewable electricity for all its operations by 2050. The organisation had already made significant strides in expanding its green electricity capacity prior to joining; growing from 234 MW in 2019-20 to approximately 518 MW today, with over 275 MW contributed by solar and wind energy. Last financial year (23-24), green electricity accounted for 55.9% of its total electricity consumption – this is the highest level in the Indian cement industry.
“We believe that to truly achieve the goal of net zero, it is imperative to ensure carbon-free electricity round the clock to minimise environmental impact and support a fully sustainable energy system.”
“We believe that to truly achieve the goal of net zero, it is imperative to ensure carbon-free electricity round the clock to minimise environmental impact and support a fully sustainable energy system.”
Sourcing 24/7 carbon-free electricity
Over the past few years, Shree Cement have made substantial progress in green electricity generation (solar, wind and waste heat recovery) across its manufacturing facilities. While these sources meet a significant portion of its energy needs, the sources are limited by geographic and time-based factors, such as the availability of wind and sunlight. This, coupled with the current framework of applicable policies and regulations in India, presents some challenges for 24/7 carbon-free electricity.
To address these, Shree Cement is exploring technologies, such as battery energy storage and pumped hydro energy storage, which are critical for achieving uninterrupted carbon-free electricity. As Mr Rathi explains: “We recognise that embracing such innovations is key to realising our vision of 24/7 carbon-free electricity.”
Joining the 24/7 Carbon-Free Climate Coalition
Shree Cement chose to become a Founding Partner of Climate Group’s 24/7 Carbon-Free Coalition to reinforce its commitment to sustainability and leadership in carbon-free energy. By joining this initiative, Shree Cement aims to set a benchmark for responsible corporate behaviour, drive innovation in renewable energy and contribute to a more sustainable future. The platform will also provide an opportunity for them to exchange insights with other members.
Inspiring further advancement of 24/7 carbon-free electricity
Shree Cement says that it is important that corporates begin their transition to 24/7 carbon-free electricity as soon as possible. Early action will enable others to develop a robust strategy and adapt to emerging technologies and market conditions. Alongside this, Shree Cement believes that many companies are already paving the way and providing valuable roadmaps that can inspire others and drive collective progress.
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