India’s energy storage sector witnessed significant developments in 2022, which included the government issuing guidelines for the use of batteries as part of the generation, transmission, and distribution assets, the results of a performance-linked incentive (PLI) program for manufacturing advanced chemistry cell facilities, and issue of major tenders.
Here are some of the most important developments in the sector:
Policies
To support the country’s 2030 goal of installing 500 GW of non-fossil energy and facilitating the growth of energy storage, the Ministry of Power in March issued guidelines to procure and use battery energy storage systems as part of the generation, transmission, and distribution assets, along with ancillary services. The guidelines are for procuring energy from BESS through competitive bidding from grid-connected projects to be set up on a…
Significant Developments in India’s Energy Storage Sector in 2022
