Securing the Energy Storage Surge

India energy storage investment may cross ₹4 lakh crore by FY32

The country’s power transition is creating new requirements for storage, transmission and flexible generation as renewable electricity gains a larger role.

Securing the energy storage surge

This article is authored by Arun Goyal, former CERC member and senior advisor, MSL, and Jaisal Sarma, public policy professional, MSL.

India may need over Rs 4 lakh crore investment in energy storage by FY32: Report

India's transition to renewable energy is expected to demand significant investments in energy storage solutions. By FY32, approximately Rs 4 lakh crore will be needed to meet storage requirements. The current operational storage capacity of 54 GWh will need to expand to 411 GWh. Increasing renewable generation will require complementary technologies like Battery Energy Storage Systems and Pumped Storage Plants.