India’s annual battery storage installations are set to nearly double every year by the 2032 fiscal year, as the renewable energy boom drives increased investment in battery energy storage systems (BESS), a new report by Nuvama has shown.  Total BESS capacity installations in India are expected to jump to 302 gigawatt-hours (GWh) in 2032, up from just 6.3 GWh at present, suggesting a compound annual growth rate of 91% during the period, analysts at Nuvama wrote in the report carried by Indian media. India’s Central Electricity…

via Oilprice.com https://ift.tt/F5UKkem