This report by NITI Aayog and RMI maps the requirement for energy storage across key sectors and projects the demand for batteries in India to 2030. The report foresees a cumulative demand between 106 GWh to 260 GWh for batteries depending on the pace of EV adoption and grid decarbonization. While mobility is the primary driver of demand growth, energy storage is expected to see significant uptake for grid support applications to enable a resilient power sector and facilitate the integration of increasingly higher shares of variable renewable energy.
This report is the first of a three-report series designed to create a shared understanding among stakeholders of current status and future trends that are emerging in the advanced chemistry cells (ACC) battery sector and to build awareness of India’s supportive programs on ACC battery storage, most importantly the Productive Linked Incentives (PLI) scheme for battery cell manufacturing.
Download the report here