Union Power Minister Manohar Lal Khattar said the government targets 74 GW of BESS and 50 GW of pumped hydro by 2031–32. With only 205 MW of BESS installed now, this marks a major push for grid flexibility and energy security.
Renewables Cross the 50% Mark
Khattar said, “India has made significant strides in its energy generation efforts. We have already reached almost 50% of our total generation capacity of 472 GW from renewable sources. By the end of this year, we are on track to formally cross the 50% renewable energy milestone.” He stressed that expanding energy storage is crucial for grid stability and round-the-clock access to clean, reliable power as the country accelerates its green transition.
Global Urgency and Falling Costs Drive Momentum
Citing IAEA estimates, the minister said global energy storage must grow sixfold by 2030 to meet climate goals. He noted costs have dropped sharply—from ₹10 lakh to ₹2.5 lakh per MW/month in 3–4 years—enabling wider adoption.
Green Hydrogen Mission
Furthermore, the government’s ambitious ₹19,744 crore Green Hydrogen Mission plays a key role in its clean energy roadmap. The mission targets the production of 10 million metric tons of green hydrogen and the development of 60–100 GW of electrolyzer capacity.
Conclusion
With these targets, the government is clearly positioning energy storage as the backbone of its clean energy infrastructure. As per projectstoday.com, India is building a resilient, renewable future through strong goals, lower costs, and supportive policies.
