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India to reach 346 GWh of installed battery energy storage capacity by 2033
A new whitepaper projects India’s cumulative installed battery energy storage capacity to soar to 346 GWh by 2033, from currently less than 1 GWh. The report says the market is witnessing explosive growth, with a record 92 GWh of battery energy storage system (BESS) projects in the pipeline now.
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Indian ministry mandates energy storage colocation with solar
India’s Ministry of Power has mandated renewable energy implementing agencies (REIAs) and state utilities demand two-hour-plus energy storage systems (ESS) with at least 10% of the capacity of associated solar panels in future solar tenders.
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Cyprus introduces energy storage subsidy scheme
Cyprus’ Ministry of Energy, Commerce and Industry has launched a subsidy scheme for energy storage systems that can be added alongside existing renewable energy plants. Eligible renewable power plants should be remunerated either by feed-in tariffs (FiTs) or net billing systems.
A fork in the road for energy storage
Faster-than-expected price falls and global oversupply of batteries will go up against a rising tide of global protectionism this year. So how will it all shape up for the energy storage industry? Storage industry thought leader and UN adviser Marek Kubik considers the key issues.
Feb 10, 2025
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