Battery energy storage capacity grows over 4-fold to 219 MW in Q1: Report
India's battery energy storage capacity grew more than four-fold to 219 MWh as of March 2024, Mercom Capital said.
As of March 2023, the overall battery energy storage capacity in India was at 47.6 megawatt hour (MWh), the US-based research firm said in its report on Wednesday.
Policy measures such as deviation settlement mechanism, grid connectivity regulations, and ancillary services regulations are being issued to ensure efficient renewable integration and grid stability, it said.
These measures are driving the demand for utility-scale energy storage, the report titled 'India's Energy Storage Landscape' said.
The Viability Gap Funding (VGF) programme aims to install 4 GWh of battery energy storage system (BESS), supported by a budget of Rs 37.6 billion (USD 452 million).
The VGF, energy storage obligations (ESO), and bidding guidelines for energy storage projects -- with or without renewable energy -- are boosting the country's pipeline of energy storage projects.
As per the .