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Growing Markets for Grid-Connected Battery Storage in India
This policy brief by RMI argues that while battery energy storage systems (BESS) costs in India have dropped by 65 percent over two years, the market remains constrained by regulations that only recognize a single value stream. The document advocates for regulatory reforms to allow 'value stacking'—monetizing energy, resource adequacy, ancillary services, and infrastructure deferral—to ensure grid reliability amidst rising temperatures and record power demand.
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Document type: Policy brief
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