India’s Energy Storage Market: Deployment Trends, Barriers & Growth Forecasts

Synopsis

India’s energy storage sector is transitioning from pilot projects to large-scale commercial deployment, driven by the rapid rise of renewable energy and evolving grid requirements. How far along is the market in terms of installed capacity, pipeline projects, and regulatory readiness?

• With standalone storage systems making up 64% of utility-scale tenders in Q1 2025 (6.1GW), what’s driving the shift away from hybrid models, and what does this mean for project economics, grid integration, and investment strategies?
• How much energy storage has been deployed in India to date, and how does that compare with announced targets and global benchmarks?
• What are the key drivers and barriers influencing project deployment across states and use cases (e.g., utility-scale, C&I, behind-the-meter)?
• Which tenders or state-level programs are setting the pace for adoption, and what lessons can be learned?
• What are the forecasts for storage deployment through 2030 in terms of GWh and investment?
• How is India positioned competitively on the global map of energy storage deployment, and what are the untapped opportunities?