India's Battery Storage Capacity Set to Surge Nearly 50 Fold by 2032

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…