More than 74% of Indias electricity generation comes from thermal power, which is driven primarily by coal. With the lack of a storage solution for renewable power, thermal capacity will be needed to meet Indias rising power needs. New capacity addition takes over five years to come on stream. All this is helping the established power and utility companies.
A total of 4,000 MWh of energy storage projects will get rolled out by FY31 under a new scheme to build storage capacities for excess wind and solar energy produced