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flag India's energy storage market set to grow fivefold by 2032, with $57 billion investment predicted.

flag India's energy storage sector is predicted to grow fivefold from 2026 to 2032, with an expected investment of Rs 479,000 crore by 2032, according to the India Energy Storage Alliance (IESA). flag The sector has seen significant growth, spurred by government support like Viability Gap Funding for Battery Energy Storage Systems. flag By 2032, storage capacity demand is projected to reach 73.93 GW, with a storage capacity of 411.4 GWh.

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