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India's Energy Storage Race: 411 GWh Needed by FY32
12 Nov
Summary
- India requires 411 GWh of energy storage by FY32, vastly exceeding current capacity.
- Government incentives and manufacturing support are driving growth in battery storage.
- Reliance, Adani Green, and JSW Energy are key players in this expanding market.
India is projected to need approximately 411 GWh of energy storage by FY32, a substantial increase from the 5.3 GWh operational capacity as of October 2026. The government is actively bridging this gap through financial incentives, domestic manufacturing support, and new project allocations, including a ₹14,500 crore scheme for 92 GWh of new capacity.
This expansion is driven by growing renewable energy installations, creating opportunities across the energy value chain. Reliance Industries is establishing a 100 GWh battery manufacturing giga-factory in Jamnagar, Gujarat, with plans to scale production. The facility aims to produce Lithium Iron Phosphate cells for utility-scale storage and electric mobility.
Adani Green aims for 50 GWh of battery storage by FY30, having recently commissioned 3 GWh at its Khavda site, increasing its total operational capacity to 6.6 GWh. The company uses battery storage as virtual transmission to manage excess solar output and prevent grid curtailment.
JSW Energy is building a 40 GWh energy storage portfolio by 2030, with 29.6 GWh already secured, predominantly through pumped hydro storage and 3.2 GWh of battery energy storage systems (BESS). The company plans to integrate BESS to address grid bottlenecks and stabilize power supply from its renewable assets.
