Overview

• India's lithium ion battery storage industry currently represents just 0.1% of global capacity but is growing rapidly.
• Experts estimate India needs up to 148 gigawatts of energy storage by 2032 to meet its energy demands.
• Major Indian businesses are investing heavily in battery storage, with significant projects announced in Gujarat and Jammu and Kashmir.
• Government policies and subsidies are crucial to leveling the playing field between coal and renewable energy storage.
• India's energy demand is rising sharply due to population growth and increased use of air conditioning driven by climate change.