Energy storage key to saving consumers Rs 60,000 crore annually in power costs, IECC study finds

India has surpassed 50% of its installed power capacity from non-fossil sources, achieving this milestone five years ahead of schedule. A new study emphasizes that scaling up energy storage is crucial for meeting 2030 goals cost-effectively. It recommends deploying 500 GW of clean energy by 2030, requiring significant investment in generation and grid infrastructure, and bold policy actions.