1、Business guideto energy storage adoption in India Contents1Energy storage market overview in India|9Possible ESS and BESS use cases&ownership models|26Foreword|3Executive summary|6AnnexesConclusion|39231.Decoupling energy demand and CO2 emissions growth|102.Indias energy transition:renewable energy|

2、103.Indias energy transition:energy storage|124.Status of ESS deployment in India|155.Market drivers|166.Leading states for front-of-the-meter storage adoption in India|227.Leading states for C&I storage adoption in India|238.Estimation of FTM storage potential in India|259.Estimation of C&I market

3、potential in India|251.ESS use cases for distribution utilities|272.Value stacking of applications by distribution utilities|313.Use cases for C&I consumers|324.BESS ownership models|345.Project examples|38Business guide to energy storage adoption in India 3 lndias power demand,already high at 1,375

4、 TWh is expected to increase at the highest annual rate globally until 2040.The energy transition is a key part of lndias planned climate action during the current decade.As lndia plans to make renewable energy a predominant part of its power mix with a threefold increase in renewable power capacity

5、 between 2020 and 2030,energy storage will play a central role in the power system transformation.The Government of lndia has made concerted efforts to encourage the adoption of renewable power and recognizes the need for balancing sources like energy storage to support this shift while ensuring a r

6、esilient and reliable power grid.Renewable Energy is intermittent in nature-solar energy and wind energy are driven by the forces of nature.Without storage,these forms of energy can only be supplementary and cannot function as a reliable base load.Currently,storage is expensive and till the cost of