IESA has compiled the new version of the India Energy Storage Market Overview 2017-22 report this year. This assessment takes into consideration the current opportunities as well as a detailed overview of various growth scenarios and key government initiatives such as the Government's 175 Renewable target, National Electric Mobility Mission (FAME India Initiative), National Smart Grid Mission, 'Make In India' and India's Smart Cities mission.
IESA has estimated over 70 GW and 200 GWh of Energy Storage opportunity in India by 2022, which is one of the highest in the world. Out of 70 GW, over 35 GW of demand is expected from newer applications like wind and solar integration, frequency regulation, peak management, T&D deferral, diesel usage optimisation and electric vehicles. Hence there is a sizable opportunity for advanced storage technologies in the new applications itself apart from opportunity for existing technologies to improve their performance for traditional applications.
Lack of reliable grid power, growth in sales of electric rickshaws (e-trikes), reduction in use of diesel gensets and integration of solar PV with the grid at both ground level, roof-top level and at micro-grids likely to boost the sales of battery based energy storage through-out the country. Some of these applications are growing at over 35% year on year. Email at email@example.com for Table of content and Executive summary