Battery storage will be more affordable by 2030

We are doing a lot of research on grid integration, the role of new technologies, battery storage, green hydrogen CCUS and other technologies that are the future of electricity markets.
Energy storage for grid integration
Storage is necessary for integration to establish a grid in general. Still, VSS stands out since it provides capacity for securing critical resources on the grid and has various additional use cases throughout the power value chain, from generation to transmission to distribution. Frequency, voltage, and black start services provide potential use cases in ancillary services.
Integrating battery storage assets into the grid at the moment or for one specific value stream, such as capacity farming, energy time shifting, or delivering ancillary services, is impossible. Therefore, developers must provide value-stacking options to deploy VSS assets as part of their services. Going forward, government or regulatory actions will be required to ensure that the developer has access to multiple value streams for a single VSS asset.
Tenders for long-term energy storage

Financing for energy storage tenders
The necessity of these bids indeed results in is from a cost perspective. They must become commercially viable to integrate large-scale storage into the grid. To do this, however, we need a significant amount of capacity integrated with hybrid and RTC tenders and from the production side, which requires additional funding. The good news is that these tenders have allowed Greenco to recently obtain ₹ 55 billion in loans from PFC to fund market storage assets. That is not BSS property. Second, the new RTC is the first one that has gotten funding. These are encouraging new developments because they show that finance is moving towards storage as a long-term or feasible asset for the grid.
The future of battery storage
DTM will play a significant role in the worldwide storage market even after scaling up. The study represents the price decline of lithium-ion battery packs over the previous 10 to 11 years. Lithium-ion battery costs have dropped by about 90percent over the last ten years and will continue to fall until 2030. Rates are expected to fall by another 60% over the next 7 to 8 years. Therefore, as prices fall, more and more batteries will be combined with renewable energy sources and other technologies.