Devansh Jain, an industry expert, believes bringing down battery storage costs is crucial for widespread adoption of renewable energy sources.
Source:- BBC News
He suggests a target price of Rs 1 per unit is necessary for this to happen. While this price point might seem distant, Jain expresses optimism that advancements in battery technology could make it a reality by 2030.
Source:- India today
This cost reduction would likely lead to a significant increase in energy storage systems, enabling a smoother transition to renewable energy. Currently, the variable nature of solar and wind power creates challenges for integrating them into the grid.
Affordable battery storage would help address this by allowing energy to be saved during peak production times and released when needed.
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