In Short : Battery Energy Storage System (BESS) costs have plummeted by 80% over the past decade, driven by advancements in lithium-ion technology and manufacturing efficiencies. The levelized cost dropped from ₹7.9 million/MWh in 2015 to ₹1.7 million/MWh in 2024. With profitability rising and deployments accelerating globally, BESS is emerging as a key enabler of […]