A number of companies in India are venturing into lithium battery manufacturing for applications like electric vehicles (EVs)? Do you feel there is enough demand to justify the cost of setting up manufacturing operations?
Naveen Sharma: Li-ion storage has already witnessed acceptance in telecom towers, electric vehicles and large-scale solar integration projects. It has a huge potential in grid stability, ancillary market and power back-ups. It has evolved rapidly with a wide range of cell technologies and system architectures available in the market.
The distributed advanced storage deployment in the country has already crossed the ......