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.
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.
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.
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.
Li-S achieves Australian first with lithium metal foils
Li-S Energy has produced Australia’s first lithium metal foils at its cell production facility in Victoria, a milestone the company says supports its broader mission to commercialise high-performance lithium-sulfur and lithium metal batteries.
Upcycling solar glass waste to use in solid-state lithium batteries
Nanyang Technological University researchers have milled solar panel glass waste for use in cathodes used in solid state lithium metal batteries. When used as a functional filler in solid polymer electrolyte (SPE) material, the resulting battery performance was maintained over 80 charge cycles with an 8.3 % improvement over the reference device.
Ola Electric targets full 5 GWh battery cell capacity by the end of FY2026
Ola Electric says at 5 GWh scale, the cost of making the battery cell in-house will be lower than procuring it from vendors.
“Energy storage will account for half our business within three years”: Geon vice president
Khushi Kabra, Vice President–Strategy at Geon (formerly Battrixx), speaks to pv magazine on pivoting from electric vehicle (EV) batteries to building a strong foothold in the energy storage space.
How is India’s power infrastructure evolving amid global supply chain shifts?
With renewable capacity expanding, grid upgrades underway, and policies fostering local supply chains, India is navigating a complex but promising energy transition.
VGF incentive cut may raise BESS tariffs by 10%, but impact likely temporary: SBICAPS
A new report by SBICAPS anticipates that the incentive cut under the second phase of the viability gap funding (VGF) scheme for standalone battery energy storage systems (BESS) could lead to a tariff increase of around 10%. However, it adds, this increase is manageable and could be absorbed in the coming months as capex costs continue to decline.
