IEEFA – The Standalone Energy Storage Market in India, Apr 2025

The document is dedicated to analyzing the standalone energy storage systems (ESS) market in India.

Key findings include an overview of applications for standalone ESS and the evolution of standalone storage tenders, analysis of trends in the issuance and conduct of standalone ESS auctions, a case study on TERI-BSES Rajdhani Standalone BESS, an overview of key players in the standalone ESS market, and a discussion of major challenges such as delays and cancellations of power supply agreements, project implementation issues, financial barriers, and lack of support for alternative storage technologies. Recommendations include strengthening the policy framework, optimizing power exchange, and enhancing financial support.