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India needs 50 GWh of battery storage within 2.5 yrs for planned EV transition: NITI Aayog official

India will need 50 gigawatt hour (GWh) of battery storage capacity over the next two-and-a-half years to support the projected growth in renewable energy and meet the national electric mobility target, a senior NITI Aayog official said.

“If India moves on the projected path of adoption of electric vehicles and the battery storage, adoption of the renewable sources of energy, the requirement for the next 2.5 years should be 50 GWh of the battery storage (sic),” Aayog’s Principal Consultant for mobility Anil Srivastava said speaking at India Energy Forum-Renewable Energy Summit here.

Speaking on Lithium-ion (Li) batteries, he said that every 10 GWh of Li-ion cell manufacturing requires $1-billion capex.

Source
ET Energy World
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