Policy and regulatory framework to accelerate energy storage deployment in India
India is forecasted to account for 40% of the world’s additional energy demand by 2040 and plans to meet a large majority of this growing energy demand from renewable energy sources. Energy storage is vital for managing the expected supply and demand variability increase. The Government of India is in the early stages of shaping the policy and regulatory framework for energy storage in the country. This brief collates inputs from businesses on ways to strengthen the framework and policy measures. Developed in collaboration with India Energy Storage Alliance (IESA), the brief presents the collective policy and regulatory recommendations from over 25 companies on priority action areas for the central government to accelerate energy storage deployment.