Economy

BATTERY ENERGY STORAGE

Asia / India3 views1 min
BATTERY ENERGY STORAGE

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India is accelerating its renewable energy push amid gas supply disruptions, with companies like Hartek Power and Adani Group investing in solar-plus-storage projects. The country aims to increase its renewable energy capacity, with a focus on energy storage and battery manufacturing.

Hartek Power has secured a ₹354 crore EPC contract for a solar-plus-storage project in Karnataka. The project includes a 280 MW AC solar project with an 80 MW battery energy storage system. India is increasing its coal and hydro plant output to address the gas shortfall caused by the Middle East crisis. The government has issued a tender for a 2,450 MW solar plus storage project, and companies like Adani Group and ACME Solar are investing in battery storage. The energy storage market in India is expected to surge 10-fold to 5GWh in 2026.

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