Storage of energy is an impediment on path to renewables adoption in India

India is home to 63 of the 100 most polluted cities in the world and continues to rely on diesel generators for backup energy.

While the current renewable energy market is driven by traditional solar players with limited energy storage capabilities, the new renewable energy utility norms necessitate power producers to supplement five percent of total production with battery storage. The existing storage options are mostly lead-acid-battery-based, bulky, costly, with shorter lifespan, lower voltage discharge rate, and inefficient.

As conscious consumers move away from DG sets for power backup, the demand for smarter storage options is growing. India wants to achieve 50% of its installed energy capacity through non-fossil fuels by 2030. With the demand for electricity growing in an unprecedented manner, customers want to ensure they will never run out of electricity; and energy storage is a key enabler of this transition to distributed energy generation.