India Battery Energy Storage Sector Surges with 92 GWh Pipeline, Set for Massive Expansion by 2033
India Energy Storage Market Records Strong Growth Momentum
New Delhi, March 20: India’s stationary energy storage sector is witnessing accelerated growth, with Battery Energy Storage Systems (BESS) projects in the pipeline reaching a record 92 GWh, according to a report released on Friday.The report by the India Energy Storage Alliance (IESA) highlights a significant expansion phase for the sector, supported by policy reforms, rising demand, and increasing investments.
Installed BESS Capacity Projected to Reach 346 GWh by 2033
India’s cumulative installed BESS capacity, currently below 1 GWh, is projected to surge to 346 GWh by 2033 under the base scenario.The report noted that capacity could further rise to 544 GWh if current policy momentum continues, underscoring the sector’s long-term growth potential.
Surge in BESS Tenders Signals Rising Industry Activity
The sector has seen a sharp uptick in activity over the past year, with 69 new BESS tenders amounting to 102 GWh issued. This marks a 35 percent increase compared to 2024 levels.This rise in tender activity reflects growing adoption and stronger project pipelines across the country.
Pumped Hydro Storage Capacity Also Set for Significant Expansion
Alongside battery storage, pumped hydro energy storage is expected to scale up significantly. Capacity is projected to increase from 7 GW in 2025 to 107 GW by 2033.This parallel growth indicates a diversified approach to strengthening India’s energy storage infrastructure.
Energy Storage Becomes Critical for Power System Stability
S.C. Saxena, Chairman and Managing Director of GRID India, stated that large-scale energy storage is becoming increasingly important as the power system faces growing demand fluctuations.He noted that declining costs and supportive government policies are accelerating the adoption of both battery and pumped hydro storage solutions.
Policy Support Driving Investment and Adoption
The report attributes the sector’s rapid growth to key policy initiatives, including Energy Storage Obligations, Viability Gap Funding, and regulatory measures such as transmission charge waivers.These interventions have improved project viability and encouraged higher participation from developers and investors.
Energy Storage Key to India’s Clean Energy Targets
Debmalya Sen, President of IESA, said the white paper outlines a roadmap to support India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030.He emphasized that energy storage will play a central role in enabling this transition.
Sector Poised for Expansion with New Capacity in 2026
With nearly 5 GWh of new capacity expected to be commissioned in 2026, India’s energy storage sector is entering a major expansion phase.The report was presented at the Stationary Energy Storage India (SESI) 2026 conference, positioning India as an emerging force in the global energy storage landscape.
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