New Delhi, Oct. 12 -- India's battery energy storage system (BESS) sector is projected to grow at a compound annual growth rate (CAGR) of 91 per cent between FY26 and FY32, with cumulative capacity expected to increase from 6.3 GWh to 302 GWh, according to a report by Nuvama.

Annual capacity additions are projected to rise from 5.7 GWh in FY26 to 56 GWh by FY32, driven by growing demand for renewable energy integration, grid balancing and round-the-clock power supply.

The report noted that the Central Electricity Authority (CEA) estimates India's BESS requirement at 236 GWh by FY32 and 1,840 GWh by 2047.

It said around 89 per cent of current requirements are met through imports, creating scope for domestic manufacturing as battery cost...