Hero Future Energies, the renewable energy arm of India's Munjal family-promoted Hero group, is set to invest upwards of $2 billion in expanding its renewable energy generation capacity over the next 30 months. The company's global CEO, Srivatsan Iyer, highlighted the significance of energy storage projects due to the notable drop in battery prices. With an existing operating capacity of 1.8 GW, the company plans to increase this to 2.6 GW by focusing on projects integrating multiple technologies like solar, wind, and energy storage, in addition to venturing into green hydrogen. The reduced prices of lithium-ion battery packs, which have more than halved in recent years, are making energy storage solutions increasingly viable for continuous power supply. Hero Future Energies is optimistic about further price reductions and the emergence of new technologies like sodium-ion and aluminium-air batteries. The company's financial position is strong, with no immediate need for additional funding, despite previous investments from KKR's Asia-Pacific infrastructure fund. Furthermore, Hero Future Energies is expanding its global presence, with ongoing or commissioned projects in countries such as Bangladesh, Vietnam, the UK, and Ukraine.