Power battery energy storage export

India's Central Electricity Authority has modelled a need for 27GW/108GWh of battery storage by 2030 to meet national goals of adding 500GW of renewable energy capacity from solar and wind, while battery storage could be an export opportunity as well.

China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

This means the government pays you the same amount – 50% of your generation reading – regardless of how much you generate. Therefore, your export payments won't be affected by installing a battery storage system. Something to bear in mind is that the smart meter rollout – expected to be completed by 2020 – might well affect the export tariff.

China accounted for 74% of the world's battery pack and component exports in 2023. That same year, China controlled nearly 85% of the world's battery cell production capacity by monetary value. Data source: United Nations Statistics Division, UN Comtrade Note: Excludes trade within regions.

Data source: United Nations Statistics Division, UN Comtrade Note: Excludes trade within regions. China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals.

China imported 20% of the world's processed battery minerals in 2023, made up of mainly cobalt from Africa. That same year, China exported 58% of the world's processed battery minerals, mainly synthetic graphite to the rest of Asia and Oceania.