The Standalone Energy Storage Market in India
JMK Research and Analytics
⚡ India's Big Leap Toward 24x7 Renewable Power: Standalone ESS Rising!
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics states that 6.1 GW of standalone ESS tenders were issued in Q1 2025, accounting for 64% of all utility-scale energy storage tenders, highlighting the growing momentum of standalone ESS in supporting India’s clean energy transition.
🔍 Key Insights:
📉 VGF-backed projects delivered tariffs nearly 40% lower than non-VGF projects for two-hour storage durations.
🏗️ Leading players like JSW Energy, NTPC, and new players like Pace Digitek are shaping a vibrant, competitive market.
⚠️ Challenges persist around project cancellations, supply chain gaps, limited domestic manufacturing, and access to affordable financing.
🔮 The Road Ahead:
India’s Standalone ESS market is at a critical inflection point. With sustained policy support, streamlined regulatory frameworks, and investments in domestic manufacturing, the sector can overcome current barriers and unlock massive potential for enabling 24x7 renewable energy integration and grid resilience.
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Written by
JMK Research and Analytics
JMK Research and Analytics
JMK Research and Analytics is a leading market research firm specializing in India's clean energy transition. We provide in-depth insights, timely updates, and expert analysis on renewable energy, electric mobility, and related emerging technologies. Through our regularly published reports, curated data dashboards, and thought-provoking blogs, we empower businesses, policymakers, and investors to make informed decisions in the dynamic energy and EV sectors.