India’s energy storage sector has taken significant strides in the past few years, backed by government incentives such as the approval of Viability Gap Funding for 13,200 MWh of Battery Energy Storage Systems by 2030-31. Solar Energy Corporation of India Ltd. (SECI), NTPC, SJVN, and states like Gujarat, Uttar Pradesh, and Madhya Pradesh have announced various tenders for standalone energy storage systems, dispatchable renewable energy, and peak power solutions. Leading industry body IESA (India Energy Storage Alliance) projected that India’s energy storage sector is poised to expand fivefold between 2026 and 2032 at the 5th Edition of Gujarat’s Biggest International Conference on Stationary Energy Storage India (SESI) 2025. Industry leaders expect INR 479 thousand crore investment in energy storage by 2032 to further boost this growth and position the country as a global leader in energy storage innovation. This strategic investment is the need of the hour to advance technological innovations and infrastructure required for a robust energy storage ecosystem in India.
While addressing the inaugural ceremony of the conference at Mahatma Mandir, Convention and Exhibition Center, Gandhinagar, S J Haider, IAS, Additional Chief Secretary, Government of Gujarat highlighted, “Reaffirming its leadership in clean energy, Gujarat is positioning itself as a national frontrunner in integrated Renewable Energy and Energy Storage deployment, with a strategic focus on climate resilience, infrastructure investments, and grid stability in alignment with the long-term vision of Gujarat. You would be very happy to learn that the state of Gujarat under the dynamic leadership of our Chief Minister Shri Bhupendra Bhai Patel and our Honorable Minister of Energy Shri Kanu Bhai Desai, we have decided to set up for ourselves a target, an ambitious and aspirational target of 100 gigawatts.”
Arun Mahesh Babu M.S., IAS, Managing Director, Gujarat Power Corporation Limited said “To manage peak shaving and ensure grid stability, energy storage is becoming essential. We are already seeing good participation in 2-hour and 4-hour tenders, and 8-hour tenders are expected soon. Gujarat currently contributes over 30 GW of renewable energy and has set an ambitious target of reaching 100 GW by 2030. This substantial growth in renewable energy capacity will, in turn, drive significant expansion in the energy storage market.. Live examples like Modhera and Kachchh show how this transition is already happening. As India scales from 200 GW to 500 GW of renewables, storage capacity will also grow to GW scale, and Gujarat will continue to be one of the biggest markets – not just in India, but globally.”
The event served as a high-level platform for policy dialogue, knowledge exchange, and industry collaboration, and was graced by distinguished dignitaries including S.J. Haider, IAS, Additional Chief Secretary, Energy and Petrochemicals; Sudeep Jain, IAS, Additional Secretary, MNRE; R. P. Gupta, CMD, SECI, Arun Mahesh Babu M.S., IAS; Ghanshyam Prasad, Chairperson, CEA; Debmalya Sen, President, IESA; and Vinayak Walimbe, MD, CES India.
Over 200 industry leaders, government officials, and 10+ partner countries participated to present their valuable perspectives on energy storage-related government policies, analyses of past and upcoming tenders, and the latest project developments bolstering the sector’s growth.
“A few years back, our hon’ble Prime Minister set a vision for India at COP20, for India to make a transition to net zero. Energy storage is an element or an enabling technology that really supports this vision of net zero transition. So, energy storage in its own is not really a generator, but it enables renewable energy to the grid. We would want to really work with central government as well as different state governments, especially the states like Gujarat to really see how these technologies can be deployed. Together, through collaboration and innovation, we can overcome the challenges we face and contribute significantly to India’s climate goals.” said Vinayak Walimbe, Managing Director, CES.
RP Gupta, Chairman and Managing Director, Solar Energy Corporation of India (SECI) said, “We aim for approximately 500 gigawatt-hours by 2030 and around 5,000 gigawatt-hours by 2047. These are huge numbers. All these show that there is great potential for investment, for innovation.”
The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP and 8.68 GW BESS) with a storage capacity of 82.37 GWh (47.6 GWh from PSP and 34.72 GWh from BESS) by 2026-27. By the year 2031-32, the storage capacity demand is projected to increase to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS).
“The cost of energy storage systems has already seen a notable reduction, from 10 lakhs INR per megawatt per month to approximately 2.5 lakhs INR per megawatt over the past 2 to 2.5 years. We will soon release new Battery energy storage standards so that both storage suppliers and users of these storage will have better clarity. Ghanshyam Prasad”— Shri. Ghanshyam Prasad, Chairperson, Central Electricity Authority of India (CEA)
Organized under the esteemed Stationary Energy Storage India Council (SESI Council), the day-long conference brought together key stakeholders from the stationary energy sector from regulators and policymakers to industry leaders and experts to discuss and collaborate on advancements in stationary energy storage. Key participants for the conference include the Government of Gujarat, MNRE, CEA, SECI, NTPC, GEAPP, GPCL, GERMI, Adani New Industries, JSW Energy, GUVNL, World Economic Forum, World Bank, Envision Energy, and others.