India’s annual battery storage installations are set to nearly double every year by the 2032 fiscal year, as the renewable energy boom drives increased investment in battery energy storage systems (BESS), a new report by Nuvama has shown.  Total BESS capacity installations in India are expected to jump to 302 gigawatt-hours (GWh) in 2032, up from just 6.3 GWh at present, suggesting a compound annual growth rate of 91% during the period, analysts at Nuvama wrote in the report carried by Indian media. India’s Central Electricity…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.