India’s battery energy storage systems (BESS) market is poised for significant expansion, driven by ambitious renewable energy (RE) targets and an increasing need for grid stability. Government initiatives and technological advancements are propelling this growth. However, supply chain risks and cost challenges remain.
Figure: BESS operating models
Source: Bridge to India – CRISIL MI&A Research
This report provides an overview of India’s BESS market and examines major policy and regulations as well as the preparedness of the supply chain. It covers the key trends, challenges and opportunities the BESS landscape offers.
