Source: The post is based on the article “India’s battery storage potential to be 600 GWh by 2030: Niti Aayog” published in TOI on 25th August 2022.
What is the News?
NITI Aayog has released a report titled ‘Advanced Chemistry Cell Battery Reuse and Recycling Market in India’.
What are the key findings of the report?
Battery Storage Potential: The total cumulative potential for battery storage in India will be 600 GWh by 2030.
Current Demand: The current deployment of Lithium-Ion Batteries(LIBs) in India is dominated by consumer electronics, which comprises smartphones, laptops, notebooks, tablets and is further expected to grow with the digitalisation of platforms and the integration of technology.
Demand Drivers: EVs (Electric Vehicles) and consumer electronics will be the major demand drivers for the adoption of battery storage in India.
Suggestions: A coherent regulatory framework incentivising all stakeholders to participate in the recycling process can help in the development of a battery recycling ecosystem in the country.