Devansh Jain, Managing Director of Inox Wind, highlighted that for battery storage to achieve mainstream adoption in India, costs must reduce significantly to around Rs 1 per unit. This target, he believes, is attainable from 2030 onwards given the rapid advancements in technology and economies of scale expected in the coming years.
Source:- india today
Currently, battery storage remains expensive, which hampers its widespread integration into the energy grid despite its potential to complement renewable energy sources like wind and solar.
Source:- BBC news
Jain emphasized that achieving this cost reduction is crucial for ensuring reliable and sustainable energy supply, especially as India aims to increase its renewable energy capacity. The anticipated decrease in costs will likely be driven by technological innovations, increased manufacturing capabilities, and supportive government policies.
These factors together are expected to make battery storage a viable and economically attractive solution for managing energy demand and supply, facilitating the transition to a more resilient and green energy infrastructure.
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