Author: alenaflinders0
Battery Storage to Lead India’s Effort Towards Net-Zero Trajectory Over the Next Decade: Praxis Report
Stationary storage within Battery Enabled Storage Systems (BESS) would witness significant growth over the next 10 years and Lithium-ion technology will lead this growth. This will be due to declining battery prices at 6 percent CAGR between 2018-2030 ushering India towards a net-zero trajectory, according to a recent report by Praxis Global Alliance, a global management consulting and advisory firm based in India. India will lead the battery storage market and contribute 35 percent of the total global battery deployment for energy storage by 2040 as per IEA, while Indian stationary storage requirement is expected to grow 9X at a ... Read more