New Delhi, 9th July 2025: The second day of the India Energy Storage Week (IESW) 2025 witnessed a remarkable gathering of industry leaders and policymakers, with Hon’ble Union Power Minister Manohar Lal Khattar as the chief guest. Addressing the 11th edition of India Energy Storage Week 2025, Union Power Minister Manohar Lal Khattar said, “India has made significant strides in its energy generation efforts. Currently, we have reached almost 50% of our total generation capacity of 472 gigawatts, and by the end of this year, India is on the track to achieve the 50% renewable energy milestone of 472 gigawatt. However, to stabilize our grid, optimize power generation, and ensure 24/7 reliable clean energy, establishing an energy storage system is essential to meet our targets.”
“According to IAEA estimates, the world will need to increase its energy storage capacity sixfold by 2030 to achieve these goals. Our target is ambitious, and we must focus on enhancing energy storage capabilities. In the past three to four years, the cost of energy storage has significantly decreased. What was once Rs 10 lakh per megawatt has now fallen to Rs 2.5 lakh per megawatt per month, indicating a reduction to one-fourth of the original cost. As industries like steel and cement shift towards green hydrogen, India is pushing for energy independence to reduce oil dependency. With a green hydrogen mission backed by Rs 19,744 crore, the country seeks to produce 10 million metric tons of green hydrogen and establish an electrolyzer capacity of 60 to 100 gigawatts. This initiative highlights India’s determination to lead in next-generation fuel production”, he added.
The event, organized by the industry body, Indian Energy Storage Alliance (IESA), brought together key figures from the energy sector, including Shri. Ghanshyam Prasad, Chairperson of the Central Electricity Authority, and Shri Manu Srivastava, Additional Secretary of the MP Renewable Energy Department. In addition to the esteemed ministers, other prominent attendees included Mr. Gautam Reddy, CEO of AM Green, Mr. Sivaprasad Manikkapurath, President of Renew Power, and Mr. Rajat Seksaria, CEO of Adani New Industries.
Shri Ghanshyam Prasad, Chairperson of the Central Electricity Authority emphasized, “We currently have approximately 3,300 MW of capacity in the pipeline, which is expected to culminate in 8,500 megawatt-hours (MWh) over the next two years. Moreover, we have around 12,500 MW equating to roughly 42,000 MWh under tender. However, the country’s current Battery Energy Storage System (BESS) capacity looks very meagre standing at around 205 MW or about 506 MWh. Why I am sharing these numbers, because starting from 2026-2027, we will need to increase our capacities steadily to reach around 74 gigawatts (GW) by 2031-32.”
“This year, the government aims to target approximately 3,000 MW of hydro PSP capacity and is working towards increasing the total pumped storage project capacity to 50 GW in the coming years. The challenge is to raise the current hydro pumped storage capacity from 5 GW to 50 GW within the next 5 to 6 years. We recognize this is a significant challenge, and we are actively working towards achieving it”, he added.
Addressing the future of energy storage and renewable energy solutions in India, IESW 2025 aims to advance the country’s energy landscape by providing a launchpad to over 300 unique product innovations in EVs, charging infrastructure, solar, green hydrogen, batteries and RE. The four-day event will also witness 7+ factory/ new product announcements from India’s top manufacturers and cutting-edge futuristic energy storage solutions, including lithium-ion, lithium-sulfur, Sodium Ion batteries, and other technologies from across the globe.
About India Energy Storage Alliance (IESA)
The India Energy Storage Alliance (IESA) is a premier industry body dedicated to promoting energy storage, e-mobility, and green hydrogen adoption in India. IESA works with policymakers, industry stakeholders, and research institutions to accelerate market development through policy advocacy, business networking, and thought leadership.Warm Regards
