India’s ambitious drive for renewable energy has accelerated the need for energy storage, but there are many factors to success, writes Charith Konda of the Institute for Energy Economics and Financial Analysis (IEEFA).

India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

India will not be able to meet its aim of becoming a global leader in battery manufacturing unless it establishes a value chain that embraces recycling.

Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS. 

The Indian government’s decision to classify grid-scale energy storage as infrastructure addresses the industry’s “biggest concerns” by making investments easier to facilitate, Energy-Storage.news has heard. 

An Indian government scheme to support domestic battery manufacturing received bids totalling 130GWh of proposals, more than double the anticipated 50GWh of capacity the incentives will support.