In an important move to bolster its infrastructure for renewable energy, India plans to solicit bids for the production of grid-scale battery energy storage devices by May 2026.
Santosh Sarangi, the secretary of renewable energy, unveiled the plan, which intends to build 10 GWh of domestic storage capacity under the Production Linked Incentive (PLI) program. This is in line with India’s objective to increase its renewable energy capacity from the current 267 GW to 500 GW by 2030.
Because renewable energy sources are intermittent, grid-scale battery storage will assist stabilize the electricity supply by storing excess power during low demand and releasing it during peak hours.
Additionally, the government is sponsoring the deployment of about 43 GWh of storage through viability gap funding (VGF). Although current installed capacity is still limited at roughly 0.7 GWh, falling battery prices have further improved viability.
India would need 411 GWh of storage by 2031–2032, according to Central Electricity Authority predictions, indicating substantial development potential in the industry.
Source – IBEF
