Energy Oil and Gas and Utilities
Li-Ion to stay the dominant storage standard for India upto 2030-Report
05 Aug 2021
According to a report by Gurugram-based research and consulting firm Praxis Global Alliance, Lithium-ion technology will drive growth of stationary storage within Battery Energy Storage Systems (BESS) of India over the next 10 years. The assertion comes even as progress on other battery chemistry’s, be it Sodium ion or even Iron, continues apace.
The report believes that the big advantage for Lithum ion is an expected decline in battery prices at 6% CAGR between 2018 to 2030 directing India towards a net-zero trajectory, is responsible for this growth.