India's BESS: J-Curve Growth Ahead, But Manufacturing & Supply Chain Bottlenecks

• India's Battery Energy Storage Systems (BESS) capacity is projected to surge from 0.5 GWh to 236 GWh by 2032 and 1,840 GWh by 2047.
• Government policies, including a PLI scheme and storage mandates, are accelerating BESS adoption in India.
• India faces significant BESS challenges: limited domestic manufacturing, heavy import dependence (over 75% from China), and skilled labor shortages.
• Strategic entry into specific value chains and development of sodium-ion batteries are key for India's BESS competitiveness.
• BESS is crucial for grid stability, congestion reduction, and could yield Rs 420 billion in annual savings by 2030.

Why It Matters: India's energy future depends on overcoming BESS hurdles for grid stability.