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Siemens To ABB India: Battery Energy Storage Companies To Benefit As Tariffs Fall

The fall in tariffs came on the back of a 60% year-on-year fall in battery cell prices, according to Nuvama.

A worker installs a stack of lithium-ion batteries onto a battery pack for an electric vehicle.
A worker installs a stack of lithium-ion batteries onto a battery pack for an electric vehicle.
Companies operating in the battery energy storage systems (BESS) market are poised to benefit from a surge in demand driven by significant cost reductions.The latest development stems from a notable 59% decline in battery energy storage system tariffs observed in the recent BESS tender held in March.This cost reduction is expected to favour entities such as Exide Industries Ltd., Amara Raja Energy and Mobility Ltd., HBL Power Systems...
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