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India’s energy storage capacity expected to increase manifold by 2033: Report

by Pratik Tripathi
March 20, 2026
in Technology
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India's energy storage capacity expected to increase manifold by 2033: Report
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New Delhi, March 20 (IANS). India’s stationary energy storage sector is growing rapidly. The total pipeline capacity of battery energy storage system (BESS) projects has increased to a record high of 92 gigawatt-hours (GWh), according to a report released on Friday.

The India Energy Storage Alliance (IESA) report estimates that while the current installed capacity is less than 1 gigawatt-hour, it could increase to 346 GWh by 2033.

According to the report, there has been growth in this sector in the last one year. During this period, 69 new BESS tenders were issued, whose total capacity is 102 GWh, which is 35 percent more than in 2024.

The report said that under normal circumstances, energy storage capacity could reach 346 GWh by 2033, while if government policy support continues, it could go up to 544 GWh.

Apart from this, pumped hydro energy storage will also see major expansion. Its capacity is projected to increase from 7 gigawatts (GW) in 2025 to 107 GW by 2033.

Grid India Chairman and Managing Director S. C. Saxena said that energy storage on a large scale has now become very important to handle the fluctuations in electricity demand.

He said that due to reduction in cost and supportive policies of the government, the use of battery and pumped hydro storage is increasing rapidly.

IESA President Debamaly Sen said the report will help India meet its target of achieving 500 GW of non-fossil fuel capacity by 2030, in which energy storage will play a key role.

It has been said in the report that many government policies have contributed to the growth of this sector, such as facilities like energy storage obligation, viability gap funding and exemption in transmission charges, which have increased investment.

Nearly 5 GWh of new capacity is expected to be commissioned in 2026, ushering the sector into a period of rapid expansion and making India a strong player in the global energy storage market.

The report was presented at the Stationary Energy Storage India (SESI) 2026 conference.

–IANS

DBP

Tags: BusinessIANSScience Technology

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