Shifts In Battery Storage Economics
India's battery storage market is booming, with 6.1 GW of tenders in Q1 2025 alone. But global price drops and tough competition are changing the game. Dive in to learn what’s driving these shifts
Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?
I have spent nine years working in the energy sector, focusing on energy storage and clean energy strategy.
I spent four years at CESC, a leading Indian utility, working in regulatory affairs and power-sector economics. After earning my MBA from IIM Bangalore, I joined the Chairman's Office at Adani Group to lead clean energy corporate strategy.
For the last four years, I have worked as a consultant at Customized Energy Services, focusing on battery storage. My projects span the entire value chain, from battery minerals and manufacturing strategy to grid integration and bid advisory for large-scale projects. I have led assignments in India and abroad, including published studies with the World Bank, LSF South Africa, and WRI India. My experience brings together technology, regulation, and strategy in the energy storage field.
Q2. Looking toward 2026–2030, where would you deploy capital today in the energy storage ecosystem—and just as importantly, where would you avoid despite strong narratives? Why?
Most Attractive Area for Capital Deployment (2026–2030): Grid-Forming & Stability-Enabling Software + PCS Controls
Investing in advanced grid-forming software and high-performance…
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