Page 34 - The 10 Most Innovative Green Energy Startups 2019

INDIA’S ENERGY STORAGE MARKET

he Government of India has come up with an ambitious plan to deliver 175 GW of renewables by
2022 and 24x7 power for all by 2019 by creating an efficient, resilient and financially sustainable
Tpower sector. Furthermore, India in the recent COP 21 has committed to generating 40% power from
clean energy sources by 2032. This objective, along with clean energy access, has become the center of
all plans around economic development and the environment. With the recent focus on electric mobility,
India is more dependent on battery & energy storage technologies. Energy storage technologies have huge
potential to significantly contribute to the transformation of the Indian electric grid towards a greener,
resilient and reliable grid within the next decade.
In 2018, India’s total energy storage market from stationary applications was around 24 GWh. During
2019-2025, the cumulative potential of energy storage is estimated to be between 270 to 365 GWh on a
business-as-usual and best=case scenario respectively. Several policies supporting the growth of energy
storage in grid-scale applications are in the draft or proposal stage which is likely to get approved in the
short term and expected to drive the market. Demand for energy storage in Behind the Meter (BTM)
applications will account for ~70% of the cumulative market during 2018-2026. Inverters and telecom
towers have a major share of the BTM market. SLDCs/RLDCs or DISCOMs would need to be mandated/
incentivized to procure a minimum percentage of their reserves needed for frequency regulation through
electric storage. 2018-19 witnessed several renewable plus storage projects being floated by NTPC,
SECI, State utilities/agencies such as AP Transco, Himachal renewables Ltd for peak management, DSM
settlement, energy shifting, voltage support. Large ESS tenders such as the 3.2 GWh AP Transco and
3.6GWh SECI project announcements indicate the positive growth of the market during the forecast period.
Besides, Central Electricity Authority (CEA) advocates storage systems for the capacity to accommodate
2.5% of RE generated in a day in all projects to curtail 1% of RE generation to maintain a Minimum
Thermal Load (MTL) on Thermal power plants.

The Indian energy storage market is currently flooded with multiple energy storage projects in the first
quarter of 2019. Presently, India already installed 14 MWh of large scale storage for grid & renewable