How much does battery-based energy storage cost in India?

Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.

Does India need a battery energy storage system?

India’s transition to a sustainable and resilient energy economy necessitates the deployment of enabling infrastructure, with Battery Energy Storage Systems (BESS) forming an essential component of this strategy.

Can battery storage systems be integrated across the energy value chain?

Battery storage systems can be integrated across the energy value chain. They can be coupled with all three parts of any energy system: generation, transmission, and distribution. Here’s how BESS systems can be integrated:

Why is battery storage important in India?

Battery storage is expected to serve as a cornerstone of the future of Indian economy by bringing benefits to various sectors such as consumer electronics, electric vehicles, power system, railways and defense (ET, 2020); foster its manufacturing capabilities, create new jobs and stimulate economic growth (DTE, 2021).

How much would energy storage cost in India by 2030?

By 2030, the LCOS for standalone BESS system would be Rs 4.1/kWh and that for co-located system would be Rs 3.8/kWh. This implies that adding diurnal flexibility to ~20-25% of the RE generation would cost an additional Rs 0.7-0.8/kWh by 2030. What is the value of energy storage in India? How would it be dispatched? How much storage is required?

What is a battery energy storage system?

This is where Battery Energy Storage Systems (BESS) come in. They can help smooth out the fluctuating nature of renewable sources. Consumers (both industrial and residential) also benefit through lower peak energy costs, reduced carbon footprints, and consistent power supply.