Battery storage operations in India’s power exchanges became profitable for the first time in 2024: Ember
New battery projects commissioned in 2025 could deliver internal rates of return (IRR) of 17% by operating in power exchanges, owing to falling upfront costs and rising revenue potential, says the Ember report.
Is India’s energy storage market headed for oversupply?
A recent report by SBICAPS projects that India will add 30 GW of energy storage capacity (battery storage, pumped storage, etc) through standalone and firm and dispatchable renewable energy (FDRE) projects by June 2027. This would bring the country’s total storage capacity to 36 GW—far exceeding the projected demand of around 24 GW, and possibly leading to oversupply.
VFlowTech, IIT Delhi join hands to extract vanadium from refinery waste
The initiative aims to establish India’s first circular vanadium ecosystem, converting refinery waste into battery-grade vanadium pentoxide (V₂O₅)—a critical material used in next-generation long-duration batteries that support grid stability and renewable energy deployment.
India could cut electricity costs to $50/MWh by 2050 with a fully wind and solar-based power system, says ETC report
India could achieve clean power system at a cost (including generation, balancing, and grid infrastructure) of around $50/MWh by 2050—significantly below current fossil fuel-driven wholesale prices—by shifting to a fully wind and solar-based electricity system requiring primarily day-night balancing.
Waaree Energies records INR 4,597.18 crore revenue in Q1 FY 2026
Waaree Energies Ltd has reached an order book of 25 GW—comprising 58.7% overseas and 41.3% domestic orders—valued at approximately INR 49,000 crore.
India successfully tests first hydrogen-powered train coach
Indian Railways has successfully tested the nation’s first hydrogen-powered coach at the Integral Coach Factory (ICF) in Chennai.
Exide Industries infuses INR 100 crore into lithium battery arm
Exide Industries Ltd has invested an additional INR 100 crore in its lithium-ion battery arm, Exide Energy Solutions Ltd (EESL), through equity subscription.
Wireless electric vehicle charging tests improve efficiency by 88%
Scientists in India have simulated and tested a prototype wireless charging system for electric vehicles, with a three-port DC–DC converter at its core and have found it achieved an improved efficiency of 88%.
Amara Raja to commission lithium cell pilot facility by FY 2026-end
Amara Raja Energy & Mobility Ltd said its commercial pilot plant and advanced R&D centre for lithium-ion battery cells are set for commissioning by the end of the current financial year 2025–26.
India awarded 2.2 GW of standalone battery storage projects in H1 2025: Rystad Energy
India awarded 5.4 GW of co-located solar plus battery energy storage systems (BESS) and 2.2 GW of standalone BESS to developers in the first half of 2025. This marks the nation’s highest BESS allocation to date, says a new report by Rystad Energy.
