India is launching a state initiative worth 145 billion rupees (approximately $1.5 billion) to develop energy storage infrastructure. The project covers the period from the 2026/27 to 2030/31 fiscal year and aims to integrate renewable sources into the general grid.
Structure of New Capacities
According to the plans, 92 GWh of energy storage capacity will be created nationwide under the program. The main focus is on pumped hydro storage stations and battery systems.
Planned Storage Capacities
As reported by Khaleej Times, the implementation of these projects over the next five years could attract approximately $10 billion in private investment to the industry, equivalent to nearly 1 trillion rupees.
Goals and Energy Security
Indian Prime Minister Narendra Modi emphasized that the development of storage systems will increase power supply reliability and expand the share of renewable energy. This decision is driven by the need to protect the economy from geopolitical crises and resource supply disruptions that could affect a population of over 1.4 billion people.
"The development of storage systems will increase power supply reliability, expand the share of renewable energy, and strengthen the country's energy security."
