Is battery energy storage a viable option in India?

Battery energy storage is another space that has scaled up this year amid falling battery prices globally and the growing need to store renewable power. “Most of the solar tenders came up with energy storage as an option in India," pointed out Debi Prasad Dash, president of the India Energy Storage Alliance (IESA).

How can India contribute to the global battery supply chain?

Yet, India faces other challenges such as limited resources of lithium, nickel, and cobalt. To incorporate India into the global battery supply chain, India and the international community should collaborate on trade, investment and financing, and research. 1. INTRODUCTION The global automotive industry is experiencing a major transformation.

Will India achieve 140-200 GW of battery energy storage capacity by 2040?

The International Energy Agency’s India Energy Outlook 2021 anticipates India could achieve 140-200 GW of battery energy storage capacity by 2040, the largest globally. The push for renewable energy, decentralized power systems, hybrid energy deployment, and the need for grid stability and energy security will drive this momentum.

Is India a trend-setter in battery manufacturing?

Taking a strategic view on the sector will ensure that India is a trend-setter, and not a follower, in the battery manufacturing ecosystem. In the absence of such a concerted strategy, the government would need to intervene periodically through artificial support measures.

Does India have a high production potential in battery packs?

However, India’s high production potential in battery packs for two-wheeled and three-wheeled vehicles is supported by the Indian central government’s Electric Mobility Promotion Scheme 2024, which offers purchase subsidies for two-wheeled and three-wheeled electric vehicles with traction battery packs assembled in India.

How can India secure the lithium-ion battery industry?

Developing indigenous upstream and midstream capacity in lithium-ion battery supply chains were identified as avenues for significant additional value capture. The study concludes that India will need to focus on innovation, ecosystem building and securing cathode mineral supplies to secure this nascent industry.