In an interview at the Mercom India Renewables Summit 2025, Debmalya Sen, President of the India Energy Storage Alliance (IESA), provided in-depth insights into the evolving dynamics of India’s energy storage sector.

Sen discussed recent trends in battery auction pricing and noted that although prices have dropped, further declines are unlikely due to stabilized lithium and metal costs, reduced viability gap funding, and changing policy incentives. He shared perspectives on policy mandates, such as the government’s advisory for storage integration in solar tenders. He emphasized that market forces are already pushing toward higher battery penetration regardless of formal mandates.