India SES Market Overview Report - 2019-2026

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IESA’s 5^th edition of India Stationary Energy Storage market report estimates the market for Energy Storage in India to be US $2.8 billion in 2018 and forecasted to grow at a CAGR of 6.1% by 2026. The total annual MWh addition in 2018 hit 24.4 GWh and expected to grow to 64.5 GWh by 2026. The report dwells in-depth into various application of advance storage technologies such as in Renewable Energy integration, Transmission & Distribution (T&D) deferral, ancillary services, railways, microgrids, telecom, and behind the meter applications such as inverters, UPS, solar rooftop and so on. Base year of the study is 2018, forecast period is 2019-2026.

Market Segments:

Grid-scale storage applications in Solar integration, wind integration, T&D deferral, Ancillary services,

Behind the meter storage applications such as telecom, rural electrification, solar rooftops, diesel replacements, inverter back-up, UPS back-up, Thermal Energy Storage

Railways: Rolling stock, signaling and control room back-up.

Key Questions the Report Answers:

Which are the key growing segments under stationary storage in India? How is the market expected to grow till 2026?
What are the major drivers & limitations to this market growth?
What is the status of various grid-scale storage projects in the country?
What is current policy landscape for stationary storage market, and what is its impact on market growth?
How is the competitive environment changing in this market?

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Table of Contents

1. Executive Summary

India Energy Storage Market 2018 – 2026
Market Potential and Forecast
Market Drivers
Market Limitations
Emerging Business Models in Global ESS Market

2. Grid Scale Energy Storage Market

2.1 Cumulative Projection 2018-25

2.2 Indian Grid Scenario

The Evolving Indian Grid & Capacity Addition
Limitations of Gas and Pumped Hydro as Flexible Assets
Role of Energy Storage in Indian Grid
ESS Applications in Indian Scenario
Summary of RE Tenders with Storage in 2018
Energy Storage Project Tenders Announced/Completed in 2018-19
- Wind+Solar+ESS Hybrid Projects
- ESS tenders Across the Electricity Value Chain
- New/Draft Regulations and Its Impact

2.3 Grid-Scale Wind

Installed/Projected Wind Generation Capacity
Wind Tariff Trends
Case for Energy Storage Application
Energy Storage Potential for Grid-Scale Wind
Wind Energy landscape

2.4 Grid-Scale Solar

Installed/Projected Solar PV Capacity
Grid Scale Solar Tariff Trends
Case for Energy Storage Application Solar Park Implementation Status
ESS Opportunity Size for Solar PV Integration
Solar Energy and Energy Storage landscape

2.5 Ancillary Services (AS)

Introduction to AS
Latest Developments in AS Market
AS Landscape
ESS Potential in AS Market
ESS for Frequency Regulation
ESS Opportunity Size for AS

2.6 Transmission Investment Deferral

Case for Energy Storage
Green Corridor Investment Deferral
ESS Opportunity Size for Transmission Investment Deferral

2.7 Distribution Utility ESS (Distribution Utility ESS) Integration

Case for Energy Storage at Distribution grid
Case for ESS: Distribution Deferral
ISGF case Study on Distribution Deferral
ESS Opportunity Size for Distribution Utility ESS
Business Models
Grid Scale Summary

3. Behind the meter energy storage market

Rooftop Solar

Current Rooftop solar PV Scenario
Roof-top Solar PV Scenario Prediction
Status of Energy Storage in Rooftop Solar
Energy Storage Market Opportunity in Rooftop Solar

Diesel Usage Optimization (Replacement)

DG Set Market
Diesel Usage in Commercial and Industrial Set-up
Diesel Replacement and Role of Energy Storage
Energy Storage Market Opportunity Size

Inverter Back-up

Inverter Back-up Market
Key Trends in the Market
Energy Storage Opportunity Size Inverter Battery
Inverter Battery Landscape in India
Competitive Structure

Un-interrupted Power Supply (UPS) Back – up

UPS Back-up Market
Key Trends in the Market
Energy Storage Opportunity Size for UPS Back - up
UPS Backup market by Application
UPS Battery Competitive Structure

Telecom Towers

Growth projections of telecom towers in India
Key Trends in Telecom Infrastructure Sectors
Telecom: Energy Storage Market Opportunity Size
Telecom Sector Competitive Landscape
Telecom Battery Competitive Structure

Rural Electrification (RE)

Energy Storage Scope in RE
Policies and Schemes
Energy Storage Potential in Microgrids
Energy Storage Potential in Solar Street Lights
Energy Storage Potential in Solar Home Lighting Systems
Key trends in the market
Energy Storage Opportunity Size for Rural Electrification

Thermal Energy Storage (TES)

Scope of the Market
TES in Refrigerated Trucks
TES in Cold Storage
TES in Refrigeration
TES in Space Cooling
TES Opportunity By Application
TES Landscape

4 Railways

Energy Storage in Indian railways
Energy Storage Opportunity
Competitive Structure of Energy Storage companies

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India Electric Vehicle Market Overview Report 2023

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India SES Market Overview Part I : FTM 2022 - 2030

RE integration to account for the maximum share of FTM energy storage application owing to large capacity tenders being announced by the Central and State agencies. Lithium-ion and pumped hydro are the two dominant ESS technologies being deployed in the country. Battery chemistries such as vanadium redox flow batteries, advanced lead acid batteries, and zinc bromide batteries are currently being tested by OEMs through pilot projects for grid-scale applications. India’s front-of-the-meter energy storage market is expected to witness an annual installation of around 20 GWh by 2030, according to India Stationary Energy Storage Market Overview Part I: Front-Of-The-Meter (FTM) 2022- 2030. Currently, the installed base of BESS for various chemistries in India is around 41 MWh. The report covers FTM energy storage applications for grid-scale renewable energy integration, DISCOM-side integration, and ancillary services. According to the report, the prime factors boosting the FTM energy storage market in India, include India’s ambitious RE targets, supportive government policies, and regulations along with RE tender issuance by government agencies such as Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC), Gujarat Urja Vikas Nigam Limited (GUVNL) and Karnataka State Electricity Board (KSEB). In a major boost to the FTM energy storage market, in March 2022, the Ministry of Power notified new guidelines on the procurement of battery energy storage systems (BESS) and energy storage obligations for DISCOMs. Further, Budget 2023 announced viability gap funding for 4,000 MWh of BESS projects in the country. FTM energy storage installation in India is marred with several challenges such as high capital cost, lack of clarity in the tender documents, and delay in tender issuance and project development. However, initiatives by the central & state government are expected to boost front-of-the-meter ESS projects in the country in the forecast period. Various state governments are further taking active steps to increase FTM energy storage projects by announcing tenders and including energy storage obligations in the state policies. The state of Chhattisgarh, Bihar, Madhya Pradesh, Himachal Pradesh, and Haryana have already set energy storage obligations in addition to renewable purchase obligations for the DISCOMs. FTM Energy Storage Market Overview, 2021-2022 RE integration accounts for a major share of energy storage projects being deployed and under development in the country. Modhera is the first RE integration project completed in the state of Gujarat. Installed in 2021, it comprises 6 MW solar with 7 MW/19.2 MWh of BESS. Companies such as Greenko, JSW Energy, and Ayana Renewables have emerged as winners of energy storage tenders organized by agencies such as SECI, NTPC, and MSEDCL. * *Figure excludes tenders & projects by central agencies such as SECI & NTPC which are PAN India and for which location is not known The DISCOM-side ESS comprises of few kWh to 10 MWh for applications such as peak load shifting, distribution deferral, and energy arbitrage. DISCOMs such as Tata Power DDL, CESC, BYPL, and BSES Rajdhani are some of the companies operating DISCOM-side ESS projects. Tenders have been issued by states DISCOMs of Uttar Pradesh and Haryana. The report acknowledges that the ancillary services market is yet to pick up in India due to a lack of supportive policies and regulations benefiting end users. SECI pilot project of 500 MW/1000MWh standalone BESS to be implemented in Rajasthan had mentioned a specific share of power to be given to NLDC & POSOCO for grid ancillary services. Currently, no ESS project has been deployed specifically for ancillary services applications in the country. Lithium-ion battery energy storage systems (BESS) and pumped hydro have evolved as the two winners in terms of grid-scale tenders. Tenders that require storage of less than 4-hours prefer lithium-ion technology whereas for longer-duration storage, pumped hydro technology has emerged as the preferred choice. New battery chemistries such as vanadium redox flow battery (VRFB), advanced lead acid battery, and zinc bromide battery are being tested by OEMs through pilot projects for grid-scale applications. Source: CES Analysis Additional Key Points Covered: India FTM Energy Storage Market Drivers Central Level Policy & Regulations Detailed State Policy Analysis Energy Storage for RE Integration Market Developments Distribution Utility ESS Integration Market Developments Fast Response Ancillary Services Market Developments Market Estimates & Forecasts (Units, GWh) for 3 scenarios from 2021 – 2030 Key Stakeholders Global Case Studies on FTM Energy Storage Who Should Buy the Report: Project Developers Energy Storage Companies Component & Balance of Plant Companies Utilities & Discoms Independent Power Producer Financial Institution & Investors

Published: 27th Nov 2019

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