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INDIA’s ENERGY STORAGE REVOLUTION
Young Bites. Dated: 4/22/2025 11:32:28 AM
India stands on the brink of an energy revolution. With the energy storage sector poised to attract a staggering investment of 4.79 lakh crore by 2032, as projected by the India Energy Storage Alliance (IESA), the nation is gearing up for a transformational shift in its power infrastructure. This projection, announced during the 5th Edition of the International Conference on Stationary Energy Storage India (SESI) 2025 held in Gandhinagar, Gujarat, underscores the growing recognition of storage technologies as a linchpin of India’s clean energy transition. As renewable energy sources—especially solar and wind—become increasingly central to India’s energy mix, the role of efficient and scalable storage solutions becomes crucial. The National Electricity Plan (NEP) has already sounded the clarion call, projecting a need for 16.13 GW of energy storage capacity by 2026-27. This includes 7.45 GW from pumped storage projects (PSP) and 8.68 GW from battery energy storage systems (BESS), amounting to a combined storage requirement of 82.37 GWh. The five-fold projected expansion of the energy storage sector between 2026 and 2032 is more than just a market opportunity—it is a strategic imperative. Without robust storage systems, the intermittent nature of renewable energy could destabilize the grid and threaten India’s climate commitments under the Paris Agreement. Moreover, energy storage is essential to ensuring round-the-clock power availability, reducing reliance on fossil fuels, and strengthening energy security. What is encouraging is that the ecosystem is already taking shape. From indigenous manufacturing of advanced battery chemistries to the emergence of gigafactories and technology collaborations, the sector is witnessing a dynamic churn. However, to unlock its full potential, India must continue to align policy support, financial incentives, and R&D investments. As the world increasingly looks to India as a leader in sustainable development, the energy storage sector could well become its crown jewel. The opportunity is enormous, but so is the responsibility. With visionary planning and coordinated action, India can not only meet its domestic energy needs but also become a global hub for energy storage innovation.