India, July 28 -- The Government of India plans to invest 3.49 lakh crore by 2031-32 to expand Battery Energy Storage Systems (BESS) and support the country's clean energy transition. The initiative aims to create 47.24 GW/236 GWh of BESS capacity by 2031-32, alongside major investments in Pumped Storage Plants (PSPs) to strengthen grid reliability and renewable energy integration.

Key Highlights Government to invest 3.49 lakh crore in Battery Energy Storage Systems (BESS) by 2031-32. BESS capacity targeted to reach 47.24 GW/236 GWh by 2031-32. Additional 1.29 lakh crore planned for Pumped Storage Plants (PSPs). Policy support includes ISTS charge waivers, PLI incentives, and CERC regulatory reforms. New Delhi, July 28: The Ministry of ...