Energy Storage

India’s expanding renewable energy base and clean power can play a central role in supporting the next phase of data center growth, supported by smarter power sourcing, stronger grid readiness and coordinated policy action to ensure reliable and sustainable energy at scale, says a new report by Deloitte Asia Pacific.

The global capacity of utility-scale batteries increased more than 12-fold between 2020 and 2024 to 124 GW, while average battery costs fell 58% over the period, according to the Electricity 2026 report from the International Energy Agency (IEA).

Arun Unni, Executive Vice President and Business Head – New Energy & Head of Strategy at Thermax, speaks to pv magazine about the evolving green hydrogen market, electrolysis economics, and the company’s ambitions in this space through global technology tie-ups. He also discusses the emerging carbon credit trading system and new opportunities for Thermax in biomass, sustainable fuels, and round-the-clock renewable energy solutions.

The number of operational battery gigafactories will increase significantly, with more than 30 manufacturing sites expected to be in operation by 2030, targeting a total production capacity exceeding 290 GWh. However, challenges such as raw material and skilled labor shortages, insufficient R&D investment, and a lack of long-term strategic planning remain.

The Global Energy Alliance for People and Planet has launched the India Grids of the Future Accelerator platform to modernize power distribution, integrate renewable energy and storage, and prepare India’s grids for rapid demand growth.

The first phase of the MTerra solar project in the Philippines, set to be the world’s largest solar-plus-storage site once completed, has achieved initial synchronization and energization to the Luzon grid. Project developers are anticipating the project to being exporting power by the end of the month.

Maxvolt Energy, a Ghaziabad-based lithium battery pack manufacturer, has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Roorkee to jointly develop an AI‑driven battery management system (AI‑BMS) for next‑generation energy storage and electric mobility solutions.

Adani Group has announced an investment of $100 billion to develop renewable-energy-powered, hyperscale AI-ready data centre capacity in India by 2035.

AM Group has commenced development of its 1 GW AI and High-Performance Computing data center project in the Indian state of Uttar Pradesh. The facility will be powered by firm and on-demand carbon-free energy at competitive tariffs enabled by renewable generation and pumped storage assets managed through an in-house intelligent cloud energy architecture.

Greenzo Energy India and Lord’s Mark Industries have signed a Memorandum of Understanding (MoU) to jointly develop around 60 MW of green hydrogen capacity, along with integrated solar rooftop projects coupled with battery energy storage systems.