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.

Renewable energy IPP ACME Solar has placed orders with two Chinese system integrators for battery energy storage system (BESS) projects in India.

The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.

Energy storage is essential to capture solar and wind generation, Karnataka’s energy minister said, at the opening of the ‘first fully automated’ battery storage factory in India.

India’s Ministry of Power has significantly increased the size and scope of its Viability Gap Funding (VGF) scheme to support battery storage projects.

India Energy Storage Alliance president Debmalya Sen takes a comprehensive look at national and regional efforts to promote and deploy much-needed energy storage capacity.