New Delhi [India]April 20 (ANI): India’s energy storage sector will expand between 2026 and 2032, in which the sector will get an investment of about 479 thousand crores by 2032, which is an estimate of the industry body, Industry Body India Energe Storage Alliance (IESA).
India’s energy storage area has made significant progress over the years, supported by the encouragement of the government such as 13,200 MW by 2030-31 approval for viability gap funding for battery energy storage systems.
States like Solar Energy Corporation of India Limited (SECI), NTPC, SJVN, and Gujarat, Uttar Pradesh and Madhya Pradesh have announced various tenders for standalone energy storage systems, dispatable renewable energy and summit solutions.
Stationary Energy Storage India (SESI) discussing the future of the industry in the 5th edition of Gujarat’s largest international conference on 2025. Industry experts stated that strategic investment requires an hour to carry forward technological innovations and infrastructure required for a strong energy storage ecosystem in India.
Addressing the inauguration ceremony of the conference at the Mahatma Temple, Convention and Exhibition Center, Gandhinagar, SJ Haider, IAS, the state has decided to set up a target of 100 gigavats, an ambitious and aspiring target, while addressing the inauguration ceremony of the conference at the Mahatma Temple, Convention and Exhibition Center, Gandhinagar, SJ Haider, IAS.
Arun Mahesh Babu MS, Managing Director of Gujarat Power Corporation Limited, said, “To manage peak shaving and ensure grid stability, energy storage is being required. We are already looking at good participation in 2-hours and 4-hour tenders, and 8-gent tenders are expected soon.”
“A few years ago, our Honorable Prime Minister set a vision for India for India, to make an infection for pure zero for India. Energy storage is an element or a competent technique that actually supports this vision of pure zero infection. Therefore, energy storage in itself is not really a generator, but it enables the grid to renewable energy,”
RP Gupta, Chairman and Managing Director, Solar Energy Corporation of India (SECI) said, “We aim for about 500 gigawatt-hours by 2030 and about 5,000 gigawatt-hour by 2030. All these are large numbers. All these shows that they have great ability to invest.”
The National Electricity Scheme (NEP) estimated that India would require the energy storage capacity of 82.37 GWH (PSP to 47.6 GWH from PSP and 34.72 GWh) by 2026-27 with a storage capacity of 16.13 GW (GW) (7.45 GW PSP and 8.68 GW BES).
By the year 2031-32, the demand for storage capacity is estimated to increase to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with the storage of 411.4 GWH (from PSP from 175.18 GWH and BESS 236.22 GWH), the industry body said. (AI)
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