Battery Storage 2.0: Catalyzing India’s Clean Energy Transition with Advanced Storage Solutions

Built For Leaders Across

• Energy transition strategists and grid infrastructure developers
• Battery OEMs, material scientists, and storage startups
• Policymakers working on net-zero, energy security, and electrification
• Investors focused on cleantech, EV, and distributed energy solutions

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Executive Summary

Batteryenergy storageis at a tipping point. While lithium-ion batteries remain dominant, a growing set of alternative chemistries is emerging—offering scalability, safety, and cost flexibility. The global battery energy storage market is projected to grow fromUSD 62 billion in 2024 to USD 372 billion in 2030, at aCAGR of 35%.

Key global indicators:

• Lithium-ion share to drop to41%by 2030 as new chemistries scale
• Rapid R&D in solid-state, sodium-ion, vanadium redox, and zinc-bromine
• Policy-driven demand across the U.S., EU, Japan, and China

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MARKET SNAPSHOT – STORAGE CAPACITY, DEMAND, AND COST TRENDS

Battery storage is expanding across use cases:

• Behind-the-meter systems
• Residential solar integration
• Commercial and industrial (C&I) use
• Grid-level renewable balancing
• Telecom infrastructure, replacing legacy lead-acid setups

Global capacity is projected to grow by1 terawatt (TW)over the next 10 years. Battery costs have declined significantly—from$3,000/kWh in the late 1900sto$139/kWh in 2024, making storage financially viable across applications.

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TECHNOLOGY LANDSCAPE – BEYOND LITHIUM: NEXT-GEN CHEMISTRIES

The industry is preparing for post-lithium innovation:

By 2025:

• Solid-state(higher safety, energy density)
• Vanadium redox(long cycle life, grid storage focus)
• Sodium-ion(abundant material, lower cost)
• Zinc-bromine(non-flammable, sustainable)

By 2030–2035:

• Potassium-air
• Aluminum-air
• Graphite dual-carbon

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COMPETITIVE ADVANTAGE – REGIONAL LEADERSHIP AND FIRST MOVERS

Governments are positioning themselves to capture value:

• United States→ Battery Materials R&D under the Inflation Reduction Act
• European Union→Alliance and R&I Action Plan
• Japan→ MoEJ and Toyota investing in solid-state battery scale-up
• China→ Domestic capacity building and tax-backed manufacturing expansion

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POLICY & REGULATORY SIGNALS – SHIFTING FROM INCENTIVES TO STANDARDS

Policy instruments are evolving beyond subsidies:

• Focus onchemistry-specific mandates
• Push forcircular battery ecosystems, including second-life and recycling
• Phase-outs forlead-aciddue to health and environmental concerns

India, the U.S., EU, and China are aligning storage with broader climate finance, manufacturing incentives, and clean energy targets.

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APPLICATION CASES – STORAGE ACROSS ENERGY ECOSYSTEMS

Battery storage is being deployed in:

• Telecom towers(as lead-acid replacements)
• Residential rooftops(solar+storage models)
• Commercial/industrial zones(peak shaving, grid stability)
• Grid-connected systems(energy arbitrage, balancing renewables)
• EV ecosystem pilots(battery reuse in Southeast Asia and India)

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STRATEGIC IMPERATIVES – EXECUTION PATHWAYS FOR STORAGE 2.0

• Invest in diversified chemistries to avoid raw material dependency
• Integrate lifecycle design, including reuse and end-of-life planning
• Align tech scale-up with regional policy tailwinds
• Develop modular storage offerings for cross-sector adoption
• Leverage AI for performance management in large deployments

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STORAGE IS THE FOUNDATION OF ENERGY TRANSFORMATION

Battery energy storage is no longer a support system—it is the central enabler of electrification, decarbonization, and energy decentralization. The years between 2024 and 2030 will define the chemistry, cost structure, and geopolitical alignment of future energy systems. Leaders that act now will build durable advantages in the clean energy value chain.

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