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Powering Growth: Grid-Connected Battery Storage in India
India’s power sector faced an unprecedented challenge in 2024 as extreme heatwaves pushed electricity demand to record levels, exposing grid vulnerabilities. With peak power deficits leading to blackouts and transformer failures, battery energy storage systems (BESS) have emerged as a critical solution to enhance grid reliability and integrate renewable energy. Eninrac Consulting underscores the strategic importance of large-scale BESS deployment to ensure a flexible, affordable, and resilient power infrastructure.
Despite a 65% decline in BESS costs, India's energy storage market struggles due to the absence of Power Sale Agreements (PSAs), leading to the cancellation of 11 GWh of awarded projects. Eninrac Consulting highlights the need to monetize BESS beyond its current “energy-only” dispatch model by recognizing its multiple value streams, including grid stabilization, transmission deferral, and ancillary services. Unlocking these revenue sources will incentivize investment and accelerate the adoption of BESS.
To drive large-scale deployment, India must implement valuation reforms that enable “value stacking,” allowing BESS projects to generate multiple income streams. By revising regulatory frameworks, policymakers can transform BESS into a profitable and sustainable asset, ensuring a stable power grid while advancing the nation’s clean energy goals.
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