India to Add 4 Gigawatts of BESS Capacity by 2028

---

Researched by Industrial Info Resources (Sugar Land, Texas)--India is poised to add about 4 gigawatts (GW) of battery energy-storage system (BESS) capacity by its 2028 fiscal year, according to Credit Rating Information Services of India Limited, propelled by up to US$500 million in backing from the government's Viable Gap Funding (VGF) scheme.

The integration of BESS units is critical to mitigate India's risk of power grid imbalances, due in part to the intermittent nature of renewable generation.

In addition to financial support, India is implementing policies such as pass-through on duties or taxes for input power; waivers on interstate transmission charges for storage projects; and additional revenue streams. The success of recent auctions, totaling more than 1 GW of BESS capacity, underscores the growing momentum in the sector.

Industrial Info is tracking 29 BESS projects, totaling US$14.3 billion, across India. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).