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Drivers to Coal Phase-Down in India: Part 1 - Battery Cost Declines
This report by Ember analyzes how the decline in Battery Energy Storage System (BESS) costs can accelerate the phase-down of coal power in India between 2024 and 2032. Using a least-cost optimized (LCO) model, the authors identify that while solar growth is rapid, the transition is limited by the cost-effectiveness of storage for non-solar hours. The report argues that BESS costs must fall by 15% annually to limit new coal capacity to levels projected in the 14th National Electricity Plan (NEP), and must drop by over 50% from current levels to potentially eliminate the need for any new coal additions.
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Document type: Report