DAILY NEWS ANALYSIS

26 August, 2022
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India’s Battery Storage Potential: NITI Aayog

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In a recent analysis titled "Advanced Chemistry Cell Battery Reuse and Recycling Market in India," published by NITI Aayog, it was predicted that by the year 2030, India's battery demand will drastically rise.

Findings of the Report

Demand Predictions: By 2030, India will have 600 GWh of cumulative battery storage capacity.
The yearly demand for batteries increased to around 730 GWh between 2010 and 2020 at a compound annual growth rate (CAGR) of 25%.
Battery demand is anticipated to increase fourfold by 2030 and reach 3,100 GWh annually.

Battery Current Deployment:

Consumer electronics, which include smartphones, laptops, notebooks, and tablets, currently account for the majority of the deployment of lithium-ion batteries (LIBs) in India.
With the digitalization of platforms and the integration of technology into daily life, this market is expected to grow to a total of 4.5 GWh.
Drivers: Consumer electronics and EVs (Electric Vehicles) would be the main demand generators for the uptake of battery storage in India.
EV sales made up almost 10% of the LIB (0.92 GWh).
The main factors driving the increase in battery demand are anticipated to be the electrification of transportation and battery energy storage in electrical grids.

Suggestions:

The establishment of a battery recycling ecosystem in the nation can be facilitated by a cogent legislative framework that provides incentives for all stakeholders to engage in the recycling process.

About Lithium-ion Batteries

As opposed to the metallic lithium utilized in a non-rechargeable lithium battery, it uses an intercalated (Intercalation is the reversible inclusion or insertion of a molecule into materials having layered structures) lithium compound as one electrode material.
The two electrodes make up a lithium-ion battery cell, along with the electrolyte that facilitates ionic flow in the battery.
During a discharge, lithium ions travel from the negative electrode to the positive electrode, and vice versa during a charge.
Applications for lithium-ion batteries include electronic devices, telephony, aerospace, and industrial uses.
The popularity of lithium-ion batteries as a power source for electric and hybrid vehicles is a result of this technology.

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Source: Financial Express

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India’s Battery Storage Potential: NITI Aayog

India’s Battery Storage Potential: NITI Aayog

Findings of the Report

Battery Current Deployment:

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