From Energy to Innovation: Adani Unveils Ambitious Single-Location Battery Storage Plan

From a diamond sorter to heading one of the world’s most diversified business empires, Gautam Adani has redefined India’s growth story. As the nation races toward a renewable future, the Adani Group is making headlines again, this time with one of the world’s largest battery storage projects, powering India’s clean energy revolution and shaping the grid of tomorrow.

Gautam Adani: The Rise of a Business Tycoon

Gautam Adani, born on June 24, 1962, in Ahmedabad, Gujarat, rose from humble beginnings to become one of the world’s most influential business leaders. Starting his career as a diamond sorter and later assisting his brother in a plastics business, he laid the foundation for the Adani Group, which he founded in 1988. Initially focused on commodity trading, Adani capitalized on India’s economic liberalization in the 1990s to diversify into ports and logistics, establishing Adani Ports & SEZ in 1998. Under his leadership, the group expanded into energy, renewable power, cement, airports, defence, data centres, roads, rail, real estate, FMCG, media, and digital platforms, becoming a driving force in India’s infrastructure and economic growth.

Guatam Adani is India’s first founder and first-generation entrepreneur to lead a business group to a market capitalization of over $200 billion. Despite facing serious controversies, from the Hindenburg accusations, which the Group dismissed as misleading, to recent bribery charges intended to tarnish its reputation, SEBI found no merit in the claims, labelling them baseless attempts to manipulate markets. Despite all the tension, the Adani Group has continued to grow into a global powerhouse with over 48,000 employees and a combined market capitalization exceeding $150 billion. Beyond business, he has committed $7 billion to rural healthcare, education, and skill development, and $70 billion toward India’s green energy transition. Known as India’s “Infrastructure King,” he is increasingly expanding the business presence from traditional B2B sectors into B2C sectors. Gautam Adani exemplifies vision, resilience, and ambition, building one of the world’s most diversified business empires while contributing significantly to nation-building and sustainable development. 

Adani Group: Powering Progress Across Industries

The Adani Group is a diversified conglomerate with 11 major companies publicly listed on Indian stock exchanges.

Adani Ports & Special Economic Zone Ltd: Adani Ports & SEZ (APSEZ), part of the Adani Group, is India’s leading integrated logistics and transport provider with 15 ports, 127 vessels, 12 logistics parks, 3.1 million sq. ft. of warehouses, and 25,000+ trucks, handling 633 million tonnes of cargo annually and aiming for 1 billion tonnes by 2030.

Adani Power Ltd: Adani Power (APL), part of the Adani Group, is India’s largest private thermal power producer with an installed capacity of 18,110 MW across 12 plants and a 40 MW solar plant. Leveraging technology and expertise, the company aims to make India power-surplus while delivering reliable and affordable electricity.

Adani Enterprises Ltd: Adani Enterprises Ltd (AEL), the flagship of the Adani Group, builds and scales emerging infrastructure businesses, creating India’s self-reliant economy through ventures like Adani Ports, Power, Green Energy, and Wilmar. Its future focus includes green hydrogen, airports, data centres, roads, and primary industries such as copper and petrochemicals.

Adani Green Energy Ltd: Adani Green Energy Ltd (AGEL) is India’s largest renewable energy company, with an operating portfolio of 16.7 GW across 12 states, aiming for 50 GW by 2030. It develops solar, wind, hybrid, and energy storage projects, including the 30 GW Khavda plant in Gujarat.

Adani Energy Solutions Ltd: Adani Electricity Supply Ltd (AESL) is India’s largest private transmission company, with 26,705 ckm of network and 97,236 MVA transformation capacity, serving over 12 million consumers in Mumbai and Mundra SEZ. It is expanding in smart metering with 22.8 million meters and offers integrated, sustainable energy solutions, including green power.

Adani Total Gas Ltd: Adani Total Gas Ltd (ATGL) is authorized in 34 Geographical Areas (GAs) and plays a key role in expanding India’s natural gas share, with 19 additional GAs under its 50:50 JV with Indian Oil (IOAGPL). It also operates through subsidiaries in E-Mobility (ATEL), Biomass (ATBL), and a 50:50 JV for gas meter manufacturing (Smart Meter Technologies Pvt. Ltd).

Adani Cement: Adani Cement comprises Ambuja Cements, ACC, Sanghi Industries, and Orient Cement. Adani Cement is the 9th largest global cement producer with 107 MTPA capacity, supplying nearly 30% of India’s cement demand. 

New Delhi Television Ltd (NDTV): NDTV, a division of AMG Media Networks under Adani Enterprises, is a leading Indian news broadcaster and digital journalism platform, operating TV channels and digital services nationally and internationally since 1988.

India’s Energy Storage Revolution: The Critical Role of Energy Storage Systems (ESS)

India’s rapid rise in renewable energy generation comes with a challenge: intermittency. Energy Storage Systems (ESS) have thus become critical to ensuring round-the-clock power supply, grid stability, and efficient use of renewable assets. Among ESS solutions, two dominate: Pumped Hydro Storage (PHS) and Battery Energy Storage Systems (BESS).

While PHS currently has a larger share, BESS is expected to take the lead by FY2030, reflecting global technology trends and falling battery costs. Government mandates are accelerating this shift: Renewable Purchase Obligations (RPO) are 30% in FY25 and expected to reach 43% by FY30. Further, Energy Storage Obligations (ESO) is estimated to rise from 1.5% in FY25 to 4% by FY30. 

India’s BESS market represents a $42 billion opportunity, growing from 0.1 GW in FY24 to 47 GW by FY32. Key enablers include:

• Over the past decade, battery costs have fallen 82%. Further, Battery prices are expected to fall from USD 95/kWh in FY25 to USD 68/kWh by FY30. 
• Advances in battery technologies like Lithium Nickel Manganese Cobalt (Li-NMC) and Li-Iron Phosphate (Li-LFP) are driving efficiency, lifecycle improvements, and cost reduction. 
• Synergies with the electric vehicle ecosystem.
• Faster deployment compared to other storage types.

Major National BESS Projects and Investments

To accelerate adoption, the Government of India introduced a USD 1.1 billion Viability Gap Funding (VGF) programme, supporting 4 GWh of BESS by FY31 with up to 40% capital cost coverage.

Large-scale projects underway include:

• SECI’s 1000 MW / 2000 MWh project. 
• NTPC Vidyut Vyapar Nigam’s 500 MW / 1000 MWh scheme. 
• Rajasthan Rajya Vidyut Vyapar Utpadan Nigam’s 500 MW / 1000 MWh plan. 
• Gujarat Urja Vikas Nigam’s 400 MW / 800 MWh project.
• Adani Group’s 1126 MW / 3530 MWh investment. 

Initiatives: 

• Initial outlay of USD 1.1 Bn with budgetary support of USD 440 Mn.
• Targets achieving a Levelised Cost of Storage (LCOS) of Rs. 5.5-6.6/unit.
• Minimum 85% capacity availability for DISCOMs.
• Disbursement in five tranches linked to implementation.
• IndiGrid, British International Investments, and Norfund have launched a $300 million platform for greenfield transmission and BESS projects, while BSES Radhani Power and GEAPP are set to commission India’s first commercial standalone BESS by March 2025. 
• In 2024, tenders were floated for 3625 MW / 8100 MWh of standalone BESS. 
• GEAPP has announced a target of 1 GW of BESS commitments by 2026. 
• Additionally, NTPC Dadri plans to replace its diesel generators with a 420 MW / 1680 MWh BESS.

Adani Group’s Landmark Entry into the Battery Storage Sector

On 11 November 2025, the Adani Group announced one of the world’s largest single-location BESS projects, 1126 MW / 3530 MWh, at the Khavda renewable energy hub, already the world’s largest renewable energy plant, set for commissioning by March 2026.

Key highlights:

• 700+ storage containers, making it India’s largest BESS installation.
• Can store 3530 MWh, delivering 1126 MW for almost three hours.
• Reduces peak load pressures and solar curtailment.
• Strengthens transmission stability by absorbing and delivering energy on demand.
• Uses advanced lithium-ion technology coupled with intelligent energy management systems.

This project positions Khavda as the world’s largest renewable-plus-storage park.

Gautam Adani described energy storage as “the foundation of a renewable future”, reaffirming the Group’s commitment to energy security, sustainability, and long-term investments.

Adani Group also announced larger ambitions:

• 15 GWh of additional BESS by FY27.
• 50 GWh total storage within the next five years.

This moves India several steps closer to becoming a global energy storage leader.

The Road Ahead: BESS as India’s Energy Game-Changer

With strong government backing, declining costs, and convergence with the EV ecosystem, BESS is poised to redefine India’s energy landscape. Storage will enable higher renewable penetration, reduce emissions, stabilise the grid, and create new economic opportunities through energy trading and ancillary services. By 2032, India is projected to deploy 47 GW of BESS, positioning it among the world’s leaders in sustainable energy infrastructure.

The Adani Group’s large-scale entry into BESS marks a pivotal step in this national journey, accelerating the shift toward clean energy, strengthening energy security, and powering a greener, resilient future.

Written by Shashi Kumar

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