India's energy storage sector is set to witness significant growth, with projections indicating a Rs 4.79 lakh crore investment by 2032. According to the India Energy Storage Alliance (IESA), the sector will expand five-fold between 2026 and 2032, driven by increased demand for energy storage systems (ESS) in response to the nation’s rising renewable energy capacity. The National Electricity Plan (NEP) anticipates a substantial increase in storage requirements, with both pumped storage and battery energy storage systems playing crucial roles.