Energy Storage

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.

Larsen & Toubro’s renewables business vertical has secured the engineering, procurement and construction (EPC) contract for the development of a grid-connected 116 MW AC solar PV plant integrated with a 241 MWh battery energy storage system (BESS) in Bihar.

ACME Group will supply 75,000 metric tonnes of green ammonia for a period of ten years to Paradeep Phosphates Ltd, one of India’s largest chemicals and fertilizer companies, at their facility in Paradeep, Odisha.

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.

Given that global steel demand is projected to grow by 32% by 2050, largely driven by infrastructure expansion and industrial development, the need to decouple steel production from carbon emissions is both urgent and complex. Here is where hydrogen, particularly green hydrogen, emerges as a powerful catalyst for change.

The Solar Energy Corp. of India (SECI) has achieved a record-low price of INR 55.75 per kg (around $641 per tonne) for green ammonia in its first-ever auction under the National Green Hydrogen Mission’s SIGHT Scheme (Mode 2A).

Avaada Group has signed a memorandum of understanding with the government of Bihar to invest INR 5,000 crore for developing 1 GW of solar and battery energy storage projects in Bihar.

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 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.

Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has launched a tender to select developers for setting up 2 GW/4 GWh of battery energy storage systems (BESS) across multiple MSEDCL-provided locations, connected to the intra-state transmission system.