STRATEGIC PATHWAYS FOR ENERGY STORAGE IN INDIA
The objective of this study is to assess: (a) a least-cost, operationally feasible pathway for India''s electricity grid through 2032, (b) critical aspects of energy storage, including total energy
ation. Recent energy storage auctions in India reveal record-low prices, with unsubsidized standalone battery storage bids at 2.8 lacs/MW/month and solar+storage bids at 3.1–3.5 I
This study, through comprehensive grid simulations, examines key aspects of energy storage in India, including required capacity, optimal locations, duration, technologies, costs, and policy framework, to meet growing electricity needs in a least-cost manner, while preventing the stranding of thermal assets.
This represents substantial growth from India's current energy storage capacity of approximately 6 GW (mostly pumped hydro), underscoring the need for robust policy and regulatory support to accelerate storage deployment at this scale.
Significant Energy Storage Needed for Grid Stability: India will need 61 GW/218 GWh of energy storage by 2030 and 97 GW/362 GWh by 2032 to ensure grid reliability. Battery storage will lead, though pumped hydro may gain ground if battery prices do not fall as anticipated.
The objective of this study is to assess: (a) a least-cost, operationally feasible pathway for India''s electricity grid through 2032, (b) critical aspects of energy storage, including total energy
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SUMMARY Plummeting costs of solar and battery storage in India along with technological improvements are opening new opportunities for clean and low-cost power generation.
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