According to India Smart Grid Forum, India is likely to require energy storage capacity of over 2,400 Gigawatt Hours by 2032. The requirement is in order to supply energy needs for major sectors of the economy.

“The government wants non-fossil fuel based power projects to account for 40 per cent of the total electricity generation capacity by 2030. This requires radical measures to scale up the share of renewable energy. India has embarked on a target of 450 GW of renewable energy capacity by 2030.”

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