Traditionally, energy storage systems have been used in a decentralised manner. However, with the grid becoming more dynamic and unpredictable, energy storage systems have found novel applications in many parts of the grid. Usage of energy storage systems can be classified in three broad areas – to integrate more renewable energy in the grid and ensure grid stability and security; to provide 24x7 power; and to enable the transition to electric vehicles.

With the drastic reduction in upfront costs and technological developments, new avenues of applications are now commercially viable. An increase in prosumers and transition to a smart grid will ensure the development of new business models to deploy the technology.

The webinar will discuss the role of energy storage systems in the transition to electric vehicles, ensuring energy access, and grid stability. We will also discuss key regulatory interventions and financial support required to scale up energy storage systems in the country.