New Delhi,apr 20
India’s energy storage sector will expand fivefold between 2026 and 2032, with sector receiving about Rs 479 thousand crore investment by 2032, according to an estimate by industry body India Energy Storage Alliance (IESA).India’s energy storage sector has taken significant strides in the past few years, backed by government incentives such as the approval of Viability Gap Funding for 13,200 MWh of Battery Energy Storage Systems by 2030-31.Solar Energy Corporation of India Ltd. (SECI), NTPC, SJVN, and states like Gujarat, Uttar Pradesh, and Madhya Pradesh have announced various tenders for standalone energy storage systems, dispatchable renewable energy, and peak power solutions. Discussing the future of the industry at the 5th Edition of Gujarat’s Biggest International Conference on Stationary Energy Storage India (SESI) 2025. Industry experts stated that the strategic investment is the need of the hour to advance technological innovations and infrastructure required for a robust energy storage ecosystem in India.While addressing the inaugural ceremony of the conference at Mahatma Mandir, Convention and Exhibition Center, Gandhinagar, S J Haider, IAS, Additional Chief Secretary, Government of Gujarat said that the state has decided to set up for ourselves a target, an ambitious and aspirational target of 100 gigawatts.Arun Mahesh Babu MS, IAS, Managing Director, Gujarat Power Corporation Limited said “To manage peak shaving and ensure grid stability, energy storage is becoming essential. We are already seeing good participation in 2-hour and 4-hour tenders, and 8-hour tenders are expected soon.” “A few years back, our hon’ble Prime Minister set a vision for India at COP20, for India to make a transition to net zero. Energy storage is an element or an enabling technology that really supports this vision of net zero transition.
