India’s battery energy storage system (BESS) market is set to grow from under 0.2 GW to 66 GW by 2032, according to Avener Capital. This expansion represents a ₹5 lakh crore investment opportunity and could prevent over 2,000 million tonnes of CO₂ emissions. The report emphasizes the need for robust BESS infrastructure to meet India’s energy goals, including energy independence by 2047 and net zero emissions by 2070. Key drivers include increased renewable energy integration, government incentives, and ambitious state targets. Strategic investments and policy support are crucial for optimizing energy storage costs and enhancing grid stability.