SBI Report said that India should aim at 60 GW for Energy Storage by 2032.
The Renewable portfolio constitute the target of 60GW by 2032. The Energy Storage market is regularly increasing from 5 % in 2023 to 23% in 2024. The major problem the project is witnessing is mismatch of Variable RE & peak power demand. The ESS is a solution to store energy during high production time. BESS & Pump Storage Energy will dominate the energy storage market.
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