Energy storage plays an important role in the Indian solar industry and energy markets as a whole.
Our team of energy storage and development experts has pioneered storage solutions in the market, providing direct and relevant experience.
The cost of lithium ion batteries (the most common type of storage paired with solar) has fallen rapidly as manufacturing has scaled up to support both electric grid applications and electric vehicles. For distributed projects, storage can address issues, help customers manage the move toward time-of-day (TOD) pricing and later TOD periods, and give system owners access to the power from their solar panels for more hours of the day.
Utilities have begun adopting Li-ion storage because of the technology’s high roundtrip efficiency, high power density, ample supply chain availability, falling cell and system costs, and favorable performance metrics. Most Li-ion applications to date have provided short-duration power and grid stabilization, capturing value from various services including frequency response, voltage regulation, spinning reserves, transmission deferment, peak shaving, and demand response—and often providing a positive rate of return through this value stacking.