India Eyes 3 TWh Battery Storage by 2047

India is setting a long-term vision to achieve nearly 3 terawatt-hours (TWh) of cumulative battery energy storage capacity by 2047. Electric mobility is anticipated to be a major driver, contributing approximately one-third of this projected demand. This ambitious goal is being overseen by multiple ministries, aiming to assess current progress and identify necessary government interventions.

Developing a robust local manufacturing ecosystem to meet this demand is projected to require an substantial investment of $840 billion. This initiative faces significant hurdles, including India's limited reserves of critical minerals like lithium and cobalt, and China's dominant position in mining and component manufacturing. Discussions are actively addressing strategies to secure these minerals and build domestic refining and component production capabilities.

The plan also emphasizes scaling domestic battery production, fostering research and development in advanced chemistries, and enhancing recycling processes. Experts highlight the need for a fully integrated supply chain and strategic partnerships to overcome technological complexity, high capital costs, and price competition, ensuring India's energy security and self-reliance in the burgeoning battery sector.