Which companies are deploying energy storage systems in India?

Renew Power, one of India’s largest renewable energy companies, has recently forayed into energy storage solutions. The company is deploying utility-scale battery storage systems to enhance grid stability and integrate renewable energy into the grid more effectively. 7. Okaya Power Group

Is India a leader in energy storage innovation?

The Stationary Energy Storage India (SESI) 2025 conference brought together 200+ global leaders, signaling robust policy, investment, and innovation momentum. With national and international collaboration, India is positioning itself not only as a leader in renewable energy deployment but also as a major force in energy storage innovation.

How is India advancing energy storage solutions?

At the heart of this momentum is the strategic push by the Government of India and various state authorities, backed by institutions like SECI, NTPC, and SJVN, to advance energy storage solutions. A landmark initiative includes the approval of Viability Gap Funding for 13,200 MWh of battery energy storage systems by 2030-31.

Will India achieve 4% energy storage obligations by 2030?

The government’s goal of achieving 4% energy storage obligations by 2030 from the current 1% is expected to create further demand for BESS. Industry experts predict that energy storage will be a crucial enabler of India’s renewable energy transition.

Who buys solar storage capacity in India?

The Solar Energy Corporation of India (SECI) is the leading buyer of storage capacity. With 26 tenders (10 Gwh BESS, 14 Gw RE), SECI remains the largest nodal agency for ESS-linked tenders, followed by NTPC with 12 tenders (26 Gwh ESS, 4 Gw RE), and GUVNL and SJVN at joint third with six tenders each.

What is India energy storage Alliance (IESA)?

These efforts are complemented by numerous tenders across states like Gujarat, Uttar Pradesh, and Madhya Pradesh for standalone storage, dispatchable renewables, and peak power supply. The India Energy Storage Alliance (IESA) projects a fivefold growth in the sector between 2026 and 2032, with investments expected to reach ₹4.79 lakh crore by 2032.