New Delhi, May 20 -- India will require more than 60 GW of energy storage capacity by 2030, with nearly 42 GW expected to come from battery energy storage systems (BESS), as electricity demand and renewable energy integration continue to rise, according to a joint report by All India Discoms Association and Rocky Mountain Institute.

The report stated that India's growing electricity demand and rapid addition of variable renewable energy (VRE) sources are increasing the need for storage solutions to maintain a stable, resilient and cost-effective electricity grid.

It stated "By 2030, more than 60 GW of storage will be needed, of which an estimated 42 GW is likely to be provided by battery storage".

It noted that India has set a target o...