BESS

EnergyWatts : August 2026

August 24, 2026
JMK Research
Uncategorized

EnergyWatts : August 2026 Monthly update on India’s energy storage market Date of release: August 2026 Report by JMK Research and IEEFA Tendered Capacity Awarded Capacity ESS Commissioning Updates 710 MWh of standalone BESS capacity was commissioned across 3 projects in July 2026. ESS Pricing Trends Lithium iron phosphate (LFP) cell prices fell marginally on a month-on-month basis to around US$54.59/kWh (INR5,209/kWh) in China. The landed costs of LFP cells in India remain 13–23% above China prices, reinforcing the case for local manufacturing.…

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India’s Emerging Merchant BESS Market Faces Its First Regulatory Test

June 2, 2026
JMK Research
Energy Storage, Policy and Regulations

India’s Emerging Merchant BESS Market Faces Its First Regulatory Test India’s battery energy storage system (BESS) sector has reached an inflection point. Deployment is now scaling at pace, and the merchant model has emerged as the favoured route to market, accounting for 80% of roughly 6.8 GWh of operational BESS capacity. Recent additions have been led by large merchant projects, including Adani’s 3,370 MWh project in Gujarat and ACME’s 2,031 MWh project in Rajasthan. The shift was driven by a…

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VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India

June 16, 2025
JMK Research
Market trends

VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India In a major policy push to support grid-scale energy storage, the Ministry of Power has approved an expanded Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy Storage Systems (BESS) on June 10, 2025. This builds upon the previous 2023 scheme that had supported 13.2 GWh, reflecting growing policy momentum to accelerate energy storage infrastructure. Of the newly announced 30 GWh Battery Energy Storage…

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