How is India advancing energy storage solutions?

At the heart of this momentum is the strategic push by the Government of India and various state authorities, backed by institutions like SECI, NTPC, and SJVN, to advance energy storage solutions. A landmark initiative includes the approval of Viability Gap Funding for 13,200 MWh of battery energy storage systems by 2030-31.

Is India a leader in energy storage innovation?

The Stationary Energy Storage India (SESI) 2025 conference brought together 200+ global leaders, signaling robust policy, investment, and innovation momentum. With national and international collaboration, India is positioning itself not only as a leader in renewable energy deployment but also as a major force in energy storage innovation.

How can India contribute to the energy transition?

These clusters demonstrate India’s commitment to the energy transition through innovation and collaboration. Together, they are projected to generate tens of thousands of jobs, significantly reduce CO2e emissions, and contribute billions to India’s GDP.

Is energy storage a key enabler for India's renewable transition?

“Energy storage is emerging as a key enabler for India’s renewable transition, with RE + storage tenders accounting for nearly 35 per cent of total bids in FY25, a sharp rise from negligible levels before FY24,” the ratings agency pointed out. supported by large-scale Chinese manufacturing and rising global EV adoption.

Does India need energy storage?

Recognizing this need, the Government of India has taken several proactive steps to promote the energy storage sector. As outlined in the National Electricity Plan (NEP) 2023, India is projected to require 411.4 GWh of energy storage capacity by 2031–32.

Will India achieve 500 GW of non-fossil fuel-based energy capacity by 2030?

In 2021, at the COP26 Summit, India announced its goal to achieve 500 GW of non-fossil fuel-based energy capacity by 2030, aligning with its Nationally Determined Contributions (NDCs) under the Paris Agreement.