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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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BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
The MENA region – the next hot market for energy storage!
“The MENA region – the next hot market for energy storage?” I asked in an article back in October 2017. It took a bit longer than I expected, but seven years later it’s time to replace the question mark with an exclamation mark. It’s hot indeed.
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Australia launches tender for 16 GWh of dispatchable capacity
The third tender of the Australian government’s Capacity Investment Scheme has opened, seeking 4 GW/16 GWh of dispatchable capacity for the National Electricity Market (NEM), with the state of Victoria receiving the largest, 1 GW/4 GWh slice.
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