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India's energy storage sector to attract ₹4.79 lakh cr by 2032
Hindustan Times West UP
|April 21, 2025
India's energy storage sector is likely to attract ₹4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday.
NEW DELHI:
At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry body IESA projected that India's energy storage sector is poised to expand five-fold between 2026 and 2032, a statement said.
The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS (battery energy storage system) with a storage capacity of 82.37 GWh (47.6 GWh from PSP and 34.72 GWh from BESS) by 2026-27.
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