The first grid-scale battery energy storage system (BESS) project in India, inaugurated in 2019. Image: Tata Power.
India is on the “cusp of a potential energy storage revolution,” thanks to recently launched tenders, according to authors of a new report.
The country’s government has recognised the important role energy storage will play in its power sector. Targeting the deployment of 500GW of non-fossil fuel energy, including 450GW of new wind and solar capacity by 2030, batteries and other storage technologies have been identified as an enabler of the ambitious national goal.
Tenders for energy storage launched by various state-administered agencies are ushering in a new era, the report, co-authored by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Analytics found.
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