Huge potential for battery production in India: NITI Aayog report

The NITI Aayog report, published jointly with RMI India, said a mature domestic battery manufacturing ecosystem is expected to create competitive advantages and contribute to India’s energy security. The report, titled ‘Need for Advanced Chemical Cell Energy Storage in India’, released on Thursday, said this would require a combination of demand- and supply-side measures. This indicates that energy storage has access and leverage in many sectors of India’s economy.

Currently, India has a negligible presence in the global supply chain for manufacturing advanced cell technologies, the report said. The report said manufacturing these advanced energy storage devices in India could allow domestically sourced batteries to meet the demand generated by EVs, grid storage applications, consumer electronics and other uses.

The report said, “This is an opportune time for India to move forward and support the growth of the domestic battery manufacturing ecosystem that meets the needs of the energy storage market in the future and the demands of an advanced energy economy in the future.” Helps reduce dependence on imports for fulfillment.

India has committed to producing 500 GW of non-fossil fuel-based energy by 2030 and achieving net-zero emissions by 2070.

To achieve these goals, India needs large amounts of off-grid storage and a large increase in the number of electric vehicles, the report said, requiring global competition to advance local manufacturing and sunrise sectors such as energy storage. permission is required.

“India is in the early stages of creating a home-grown cell manufacturing ecosystem. However, there is a great potential for large-scale battery manufacturing,” the report said. The expected scale and growth of the country’s battery market is sufficient to guarantee gigascale manufacturing capacity in the coming years, it said.