New Delhi, Sept. 28 -- India is expected to see a sharp rise in battery energy storage system (BESS) deployment, with 45-50 GWh of capacity likely to be commissioned over the current and next financial years, compared with around 1 GWh installed as of last fiscal year.

According to a Crisil Ratings report, the strong pipeline of projects under implementation and continued government policy support are expected to drive this growth. However, around 8-9 GWh of awarded capacity faces a higher risk of delays, which could limit the pace of deployment.

The report said the capacity includes projects awarded between FY24 and FY26 across nearly 100 renewable energy developers.

The growing need for battery storage is linked to the rising share o...