“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

Solar Energy Corporation of India (SECI) is seeking 2,250MW of so-called ‘Round-the-Clock’ (RTC) energy from renewable sources.

To integrate a targeted 500GW of non-fossil fuel energy onto India’s networks by 2030, at least 160GWh of energy storage will be needed.

Aimed at ensuring reliability of electricity supply in the era of renewable energy, India’s Central Electricity Regulatory Commission has drafted ancillary services market regulations allowing for energy storage and demand response resources to participate.

The India Energy Storage Alliance (IESA) has welcomed provisions in finance minister Nirmala Sitharam’s Union Budget 2020-2021 to support renewables and prioritise climate change policy, although the group hopes more will be done to support in-country manufacturing of batteries for applications including ESS.

Recommendations made to the government of India as it prepares to publish its union budget for 2020 from industry group India Energy Storage Alliance (IESA) include measures to support both the upstream of industry and the downstream of clean energy deployment.

The India Energy Storage Alliance (IESA) has published its fifth edition of its India Stationary Energy Storage market report, which predicts that the market for energy storage in India will grow at a CAGR of 6.1% by 2026.

Solar Energy Corporation of India (SECI) has announced three huge tenders across the country with various combinations of solar, energy storage, wind and hybrid concepts, to be connected to the Interstate Transmission System (ISTS)

India’s Goods and Services Tax (GST), a single tax applicable across the whole of the country, will be lowered for lithium-ion batteries by 10%, in a move which has been welcomed by the India Energy Storage Alliance (IESA).