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India's Energy Storage Market Soars Amid Challenges

4/28/2025

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Summary

Story summary

India's Standalone Energy Storage Systems (ESS) market is surging, with a staggering 6.1 GW of tenders issued in early 2025, representing 64% of utility-scale storage. While the government's Viability Gap Funding scheme boosts project feasibility, hurdles like cancellations and supply chain disruptions remain. Strong policy backing and investment are vital for sustaining this momentum.

History

Historical Context

India's energy landscape mirrors its historical shifts from reliance on coal to a surge in renewable sources. The push for energy storage systems today reflects past efforts to modernize infrastructure, akin to the early 20th-century electrification that transformed urban economies, emphasizing the need for sustainable growth amid rising demand.

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Story summary

India's Standalone Energy Storage Systems (ESS) market is surging, with a staggering 6.1 GW of tenders issued in early 2025, representing 64% of utility-scale storage. While the government's Viability Gap Funding scheme boosts project feasibility, hurdles like cancellations and supply chain disruptions remain. Strong policy backing and investment are vital for sustaining this momentum.

1 / 2