Growing Markets for Grid-Connected Battery Storage in India
Exhibit 2 shows the project economics for a typical BESS installation in India, comparing costs from the latest four tenders against estimated potential revenues. Under an
These challenges threaten the affordability and reliability of India's power system, especially as increasing heatwaves and climate events are expected to persist in the coming years. Fortunately, a solution is emerging: battery energy storage systems (BESS). Global examples show BESS can address diverse grid challenges.
With a rise in preference for firm renewable energy, the share of hybrid tendered capacity has increased from about 12% in 2021 to over 49% in 2024 in the overall renewable energy tenders. Between 2022 and May 2025, India auctioned approximately 12.8GWh of battery energy storage system (BESS) capacity for both hybrid and standalone applications.
As India aims to meet its ambitious renewable energy targets, investment in BESS is no longer an option but a necessity. Eninrac Consulting emphasizes that energy storage systems are not just a technical solution but a strategic enabler for building a sustainable, resilient, and affordable power system.
aintaining its position as the cheapest form – in terms of $/kWh – of grid-scale energy storage. Of all countries here compared, costs are cheapest in India, which already hosts a large instal
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