New Delhi, June 20 -- Battery storage investment in India is expected to cross USD 1 billion in 2025; however, high financing costs remain a challenge, according to a recent report by the International Energy Agency (IEA).

The report noted that while battery storage investment continues to rise globally, challenges remain, particularly in developing economies like India, where high financing costs are still a major hurdle.

The IEA stated, "Developing economies continue to struggle with high financing costs, with financing costs for battery storage projects reaching twice the levels seen in advanced economies. Battery storage investment in India stands out, and is expected to surpass USD 1 billion in 2025."

The report also shared that g...