Summary:

IESA projects that the C&I energy storage market in India will grow from less than 1 GWh in 2025 to 22–31 GWh by 2032. Rising power prices, the use of renewable energy, dependability requirements, and decarbonisation objectives are what propel growth. Energy optimisation, resilience, and cost savings are replacing backup applications in the market. Capacity could reach 22–23 GWh under the BAU scenario, but quick adoption could raise it to 31 GWh. Lead-acid, lithium-ion, sodium-ion, vanadium-redox flow, and pumped hydro systems are examples of storage technologies. Energy storage is a crucial component of India's clean energy transition, with significant potential for long-term sustainable industrial growth ahead, thanks to improving economics, expanding renewable integration, and regulatory backing.

Source: IBEF 

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