Long-Duration Energy Storage Key to Meeting India's 500 GW Non-Fossil Capacity Target by 2030: Report
New Delhi, Oct. 31 -- India's target of achieving 500 GW of non-fossil fuel energy capacity by 2030 will depend on scaling up long-duration energy storage (LDES), with the proposed viability gap funding (VGF) framework in FY28 expected to play a key role in accelerating deployment, according to a report.
A report by the India Energy Storage Alliance (IESA), in association with Customized Energy Solutions (CES), titled 'Long-Duration Energy Storage: Global Outlook and India's Deployment Pathway', said the focus of the energy transition was shifting from adding renewable energy capacity to improving its integration and utilisation through storage solutions that support grid stability and energy resilience, PTI reported.
It highlighted tha...
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