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Energy storage sector to expand fivefold: IESA
The Business Guardian
|April 21, 2025
According to an estimate by industry body India Energy Storage Alliance (IESA), India's energy storage sector will expand fivefold between 2026 and 2032, receiving about Rs 479 thousand crore in investment by 2032.
India's energy storage sector has taken significant strides in the past few years, backed by government incentives such as the approval of Viability Gap Funding for 13,200 MWh of Battery Energy Storage Systems by 2030-31.
Solar Energy Corporation of India Ltd. (SECI), NTPC, SJVN, and states like Gujarat, Uttar Pradesh, and Madhya Pradesh have announced various tenders for standalone energy storage systems, dispatchable renewable energy, and peak power solutions.
This story is from the April 21, 2025 edition of The Business Guardian.
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