Energy storage systems: The why, where and how of India’s Energy Story

India has set itself a hefty target of achieving 500GW of Renewable Energy by the year 2030 which results the energy-mix to comprise of 50% from renewable sources

Given the intermittent nature of Renewable Energy, efficient and dependable ener- gy storage systems is the need of the hour

This paper sets out the commercial viability, feasibility and the overarching legal framework in setting up/operating a business in the energy storage-space and the consequent advantages with respect to operating multiple revenue streams and policy-level incentives extended by the Indian Government