New Delhi, Feb. 3 -- India will need 60.63 GW of energy storage by 2029-30, including 18.98 GW from Pumped Storage Projects (PSPs) and 41.65 GW from Battery Energy Storage Systems (BESS), as per a Central Electricity Authority (CEA) report.

Policy Support and Incentives

Minister of State for New and Renewable Energy Shripad Yesso Naik, in a written reply in the Rajya Sabha on Tuesday, said that to meet this requirement, the government has introduced several policy and financial measures.

These include guidelines for procurement and use of BESS across generation, transmission and distribution, a national framework to promote energy storage systems, and separate guidelines to encourage PSP development.

The government has also granted a ...