New Delhi" India's Commercial & Industrial (C&I) energy storage market will increase from less than 1 GWh in 2025 to about 22-31 GWh by 2032, supported by rising electricity tariffs and rapid adoption of renewable energy, a study by industry body India Energy Storage Alliance (IESA) said on Thursday.
The report attributes this exponential growth to rising electricity tariffs, the need for reliable, high-quality power, rapid adoption of renewable energy (RE), cost-optimisation demands, and India's ambitious decarbonisation goals, an IESA statement said.