Torrent Power has contracted Larsen & Toubro to construct a 3GW pumped hydro energy storage (PHES) plant in Maharashtra, India.

An energy storage subsidiary of Waaree Energies has raised INR10 billion (US$110.9 million) for a planned manufacturing plant in India.

Wins in competitive solicitations for large-scale battery storage projects in India have been announced by KPI Green Energy Ltd and Power Grid Corporation of India in the past few days.

Solar Energy Corporation of India (SECI) has agreed on BESS and hybrid solar developments with the Government of Andhra Pradesh.

India’s Adani Group has made its first entry into the battery storage market, announcing a ‘flagship deployment’ that will be the country’s largest project so far when completed.

India’s energy storage industry is at a turning point as developers, financiers, and policymakers work to define viable business models for the next wave of large-scale battery projects. 

Partnerships will determine whether India can emerge as a global hub for battery manufacturing and energy storage.

According to the latest report by clean energy market research firm Mercom India, India achieved a cumulative energy storage capacity of 490MWh by the end of June 2025. 

Maharashtra State Electricity Distribution Co (MSEDCL) has launched a multi-gigawatt battery storage tender supported by Viability Gap Funding (VGF).

Tenders for 171GWh of energy storage capacity have been launched in India, including more than 55GWh in the first half of 2025 alone.