Resources
Green Steel
India’s steel sector remains heavily dependent on imported coking coal. India’s next phase of steel expansion would lock the country into more than US$1 trillion in coking coal imports, deepening India’s energy import dependence, foreign-exchange exposure, and vulnerability to carbon border measures in export markets.
Reports
Strategic Pathways for Energy Storage in India through 2032
India’s electricity demand is witnessing a rapid surge, nearly doubling every decade, fueled by strong economic growth. Dramatic cost reductions over the last decade for wind, solar, and battery storage technologies position India to leapfrog to a more flexible, robust, and sustainable power system for delivering affordable and reliable power to serve the growing power needs.
HTLS conductors can cost-effectively future-proof India’s electricity grid
As India’s electricity demand grows rapidly, the country has a $100 billion plan for major grid expansion by 2032 which includes increasing the length of the transmission network by over 40%. This massive investment offers an opportunity to think strategically about future-proofing grid expansion.
Plummeting Solar+Storage Auction Prices in India Unlock Affordable, Inflation-Proof 24/7 Clean Power
Plummeting costs of solar and battery storage in India along with technological improvements are opening new opportunities for clean and low-cost power generation. Recent energy storage auctions in India reveal record-low prices, with unsubsidized standalone battery storage bids at 2.8 lacs/MW/month and solar+storage bids at 3.1–3.5 INR/kWh.
Doubling the Pace of Deployment of Renewable Energy Capacity in India
Due to rapid economic growth, urbanization, and industrialization, India’s electricity demand is expected to nearly double in the next decade. The electricity demand in the country has grown at an average of 6-7% in the last three years. 250 GW peak demand was met in May 2024, up from 240 GW in September 2023, and is projected to touch 270 GW in summer 2025.
