Battery storage costs need to fall by 15% annually to halt new coal capacity additions beyond 2030 in India: Ember

Battery storage costs need to fall by 15% annually to halt new coal capacity additions beyond 2030 in India: Ember

BATHINDA: A report by energy think tank Ember and The Energy and Resources Institute (TERI), released Tuesday underscores that faster Battery Energy Storage System (BESS) cost reductions will be a key driver for an effective coal phase-down in India’s power sector.The report lays out different possible stages of a coal phase-down especially in India’s context: an initial period where coal generation growth slows as renewable energy (RE) is built more, followed by a period of coal generation…
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Source: https://timesofindia.indiatimes.com/business/india-business/battery-storage-costs-need-to-fall-by-15-annually-to-halt-new-coal-capacity-additions-beyond-2030-in-india-ember/articleshow/112661798.cms