India’s Battery Storage Capacity Soars with Record Sixfold Growth in 2024 – EQ
In Short : India added 341 MWh of battery storage in 2024—a sixfold jump from 51 MWh in 2023—taking total cumulative capacity to 442 MWh. About 60% of the capacity came from solar-plus-storage systems, 36% from other renewables, and 4% from standalone units. Pumped hydro storage also stands at a substantial 4.7 GW.
In Detail : India witnessed a significant surge in battery energy storage installations in 2024, with additions reaching 341 MWh. This marks a sixfold increase compared to 2023, when only 51 MWh was added. The sharp growth reflects rising demand for renewable energy integration and grid stability solutions.
With this rise, the country’s total cumulative battery storage capacity now stands at 442 MWh. This increase is primarily driven by large-scale solar and wind projects requiring reliable backup to ensure uninterrupted power supply during intermittent generation periods.
Solar-plus-storage systems accounted for nearly 60% of the newly installed capacity in 2024. These hybrid systems are increasingly being deployed across utility-scale and commercial segments due to falling battery costs and supportive policy frameworks.
Another 36% of the new storage came from other renewable energy-linked applications, while standalone battery storage systems contributed around 4%. These figures indicate a diversified approach to energy storage deployment, reflecting varying use cases across different energy segments.
In addition to battery storage, India continues to expand its pumped hydro storage capacity, which currently stands at 4.7 GW. Pumped storage remains a key long-duration storage option, complementing the shorter-duration capabilities of lithium-ion battery systems.
The report also highlighted the government’s continued focus on promoting energy storage through policy initiatives, tenders, and financial incentives. These efforts are expected to further accelerate the deployment of advanced storage technologies, which are crucial for India’s transition to a low-carbon power sector.
