Lithium-ion batteries are important as they can change the energy
landscape, lessening our dependency on fossil fuels and paving the way for a
more sustainable future. However, as the need for batteries grows, so does the
requirement for effective production procedures that can create high-quality
batteries affordably.
The Indian government is spending money to build the building and
manufacturing capabilities needed to manufacture lithium-ion batteries, which
are increasingly used in consumer devices, energy storage, and electric
vehicles (EVs). Thus, these factors propel the market growth. In addition,
according to a research report by Astute Analytica, the India lithium-ion Battery Market is likely to grow at a compound annual growth rate (CAGR) of
22.1% over the projection period from 2023 to 2031.
What role does the electricity grid in India
play in batteries?
India has a very small amount of grid-connected battery storage. Up
until now, battery-based electricity storage installation has only been done on
a modest scale.
A 10 MW system in Delhi serves as India's first grid-scale battery
storage system. Following that, a 150 KW battery installation in Delhi was
heralded as "India's first grid-connected community energy storage
system" in 2021.
Grid managers in India have always relied on coal, the dirtiest fossil
fuel because it can be used to deliver the precise amount of electricity
required at a particular time. A significant obstacle to shifting away from
fossil fuels can be removed by using batteries to store energy generated from
renewable sources like wind and solar. This can restore the capacity to balance
supply and demand on the grid.
Why are batteries crucial for India's
transition to a new energy system?
Batteries are necessary for a grid that runs on renewable energy. This
is because many renewable energy sources require specific conditions to
generate energy. For example, solar panels can only produce electricity when
the sun is shining, and wind turbines require strong winds to function.
Renewable energy sources may also provide large amounts of electricity when
there is little demand for electricity, such as during the day when there is
less demand for electricity to power lights at home.
What obstacles face India's adoption of
batteries?
India has not yet developed battery production at the scale required by
the grid.
Battery prices have drastically dropped in recent years, they are still
too pricey to be used at the scale needed for India's energy revolution. In
India right now, a typical battery pack that would fit in an electric
automobile would cost between USD$ 7,000 and 10,000. Experts predict that they
will become less expensive within the next four years.
How will India employ batteries more
frequently on its electrical grid?
India intends to increase battery output to help it achieve its
decarbonization objectives. A Production Linked Incentive (PLI) program has
been launched by the government to reward regional producers for increasing
battery sales. it intends to reach a cumulative battery capacity of 50 GWh
within the following several years. However, is still far from what India
requires to meet its energy transition goals.
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