India is investing heavily in battery storage to address its growing renewable energy needs. The technology is essential for balancing electricity production from solar and wind farms. Currently, manufacturing facilities are constrained, impacting cost and supply. High battery costs pose a barrier to widespread adoption, and the country’s dependence on lithium imports raises concerns about price volatility and supply chain stability. Government initiatives are focused on bolstering domestic manufacturing and diversifying battery supply sources, aiming to accelerate the transition to a cleaner energy future.
Credits: News: Today’s News update from The Hindu | The Hindu