India’s Battery Capacity to Hit 100 GWh by 2026, Say Experts
“Our sodium-based cell technologies—safer, recyclable, and ideal for grid-scale storage—reflect India’s growing self-reliance in clean energy,” Arora said, adding that collaborations with IIT Roorkee, NIT Hamirpur, and local automation partners are advancing innovation. “As storage costs fall from Rs 1.77 to Rs 1.2 per unit in five years, India is set to achieve cost parity between solar and storage.”
The 18th REI Expo and 3rd The Battery Show India (TBSI), organised by Informa Markets in India, brought together manufacturers, investors, and policymakers to promote global collaboration and innovation in the clean energy sector.
Ankit Dalmia, Partner, Boston Consulting Group (BCG), said India’s next five years will be defined by battery storage, digitalisation, and green hydrogen. He projected that new chemistries such as LFP, sodium-ion, and solid-state batteries could cut storage costs by 40 per cent by 2030, enabling 24×7 renewable power. He added that the National Green Hydrogen Mission, targeting 5 million tonnes annually by 2030, will help India capture 10 per cent of global capacity.
Arush Gupta, CEO, OKAYA Power Pvt, said the company is scaling its Rs 1.4 billion Neemrana facility for solar and lithium storage, expecting solar to contribute 40 per cent of revenue within five years. “Our focus is on providing efficient, digitally enabled rooftop solar solutions built on indigenous technology,” he added.
Acharya Balkrishna, Head of Patanjali, said the group is committed to advancing Swadeshi-led solar and battery technologies to reduce import dependence and make clean energy accessible to all.
Inderjit Singh, Managing Director, INDYGREEN Technologies, highlighted his company’s plans to expand battery and solar manufacturing capacity to 20 GWh and 20 GW, respectively, over the next two years, supported by IoT and AI-driven systems for enhanced safety and efficiency.
Yogesh Mudras, Managing Director, Informa Markets in India, said India’s renewable capacity has surpassed 250 GW, with a target of 500 GW by 2030. He added that the Ministry of Power’s Rs 54 billion VGF scheme for 30 GWh of Battery Energy Storage Systems (BESS), along with 13.2 GWh already underway, is expected to attract Rs 330 billion in investments by 2028.