October 13, 2026: India's Battery Energy Storage System (BESS) sector is projected to register a compound annual growth rate (CAGR) of 91 per cent between FY26 and FY32E, according to a recent report by Nuvama. The expansion reflects a critical infrastructure cycle designed to support renewable integration, grid balancing, and round-the-clock power requirements across the country

The report noted that cumulative capacity will surge from 6.3 GWh to 302GWh over the same period, with annual additions climbing from 5.7GWh in FY26 to 56 GWh by FY32E. The report noted that the Central Electricity Authority (CEA) estimates national BESS demand at 236 GWh by FY32 and 1,840 GWh by 2047.

"We estimate annual BESS additions to rise from 5.7 GWh in FY26 to 56 GWh by FY32E, taking cumulative capacity from 6.3GWh to 302GWh (91 per cent CAGR) over FY2632E.

(Source: Economic Times)