National energy storage procurement 2023

What is the energy storage capacity requirement in 2023?

Central Electricity Authority (CEA), while preparing the National Electricity Plan (NEP), 2023 has also calculated the ESS capacity required to integrate the upcoming Renewable Energy capacity in the country in order to satisfy the peak electricity demand. 3.2. As per NEP2023 the energy storage capacity requirement is projected to be 16.13 GW

How many GW will energy storage be needed by 2047?

The CEA predicts that the energy storage requirement would reach 320 GW (90 GW Pumped Storage Projects (PSPs) and 230 GW Battery Energy Storage Systems (BESS)) with a capacity of 2,380 GWh (540 GWh from PSPs and 1,840 GWh from BESS) by 2047.

Are storage costs normalized to their 2022 value?

To develop cost projections, storage costs were normalized to their 2022 value such that each projection started with a value of 1 in 2022. We chose to use normalized costs rather than absolute costs because systems were not always clearly defined in the publications.

How much storage capacity will be required in 2022-27?

In order to develop the storage capacity during 2022-27, approximately Rs. 54,203 crores would be required for PSPs and Rs. 56,647 crores for BESS. Additionally, for the period 2027-2032, approximately Rs. 75,240 crores would be required for PSPs and Rs. 2,92,637 crores for BESS.

Why do we need Viability Gap Funding for battery energy storage systems?

Viability Gap Funding for Battery Energy Storage Systems For establishment of BESS projects, costs are a challenge in the initial years because the volumes are low. Therefore, Viability Gap Funding becomes essential for supporting initial uptake of BESS by consumers.

How to maintain quality and standards for battery energy storage systems?

6.10.1. In order to maintain quality and standards for Battery Energy Storage Systems, the Central Government may consider issuing an "Approved List of Models and Manufacturers (ALMM) for BESS" for power sector applications, similar to the list of ALMM for Solar Photovoltaic Modules issued by the Ministry of New and Renewable Energy (MNRE).