Battery Energy Storage Systems – India’s Outlook

With the Indian government’s commitment to achieving 500 GW of non-fossil fuel capacity by 2030, Battery Energy Storage Systems (BESS) represent an exciting investment opportunity. As renewables play an increasingly significant role in energy generation, Energy Storage Systems (ESS), particularly BESS, will be essential for grid stability, peak demand management, and efficient energy use.

While this developing market faces several challenges, such as high costs, inadequate infrastructure, and limited funding opportunities, the Indian government’s Viability Gap Funding of $1.1 billion will help bridge the gap in the nation’s large-scale adoption of BESS technology. This financial support, alongside government policies supporting the development of green energy, the growth of the electric vehicle market, and new battery technology make this an attractive market poised for significant growth in the coming years.

Learn more about this in the document below.