- Eve Energy will supply batteries to Godawari as India ramps up renewable energy storage.
- The deal starts at 8GWh and could expand to 60GWh within five years.
- It also underlines India’s continued reliance on China for lithium-ion battery supplies.
Chinese battery manufacturer Eve Energy agreed to supply Indian energy company Godawari with batteries to meet the rising demand for renewable energy storage.
The deal, announced on Tuesday, 12 May, involves Eve Energy initially providing eight gigawatt-hours (GWh) batteries, with potential to expand to 60 GWh in the next five years.
The agreement supports India’s plan to boost its non-fossil fuel energy storage to 500 GW by 2030, which requires an estimated energy storage capacity of 411.4 GWh by 2031-32.
Energy storage capacity refers to the total amount of excess renewable electricity a system can hold, obtained during a period of high generation and utilised upon demand. Battery storage is specific to the storage device itself, considering this metric within battery systems.
In December 2025, India’s installed battery storage capacity sat at 1.082 GWh. To achieve its 411.4 GWh goal, the required battery energy storage system (BESS) capacity is around 236.2 GWh.
BESS stores electricity chemically and is the most commonly used battery storage system. Storing energy through batteries allows countries to meet fluctuating renewable energy demands, even at times when solar panels or wind turbines fail to generate energy.
Lithium-ion batteries, especially lithium iron phosphate (LFP) batteries, are the main technology for BESS, largely due to their longevity, reduced costs, and efficiency. Last week, BloombergNEF revealed that LFP batteries accounted for over 90% of the yearly additions to energy storage in 2025.
India imports around 75-80% of its lithium-ion cells, making the country heavily reliant on external suppliers for its renewable energy storage. The recent deal marks how this dependency persists.
The ongoing disruption in the Strait of Hormuz and the subsequent energy crisis have also increased the demand for energy storage, with the global market projected to expand by 41% this year. Supplying over 80% of all batteries and accounting for around 98% of total LFP production, China dominates the energy storage market. In March, after the conflict in the Middle East erupted, Chinese lithium-ion battery exports increased 34% year-on-year.
