CII–EY Report: India’s Energy Security Shift to Critical Minerals, Storage, Grid

A recent CII-EY India report states that India’s energy security risks now extend beyond oil and gas to critical minerals, manufacturing capacity, electricity storage, and grid infrastructure. The report lists India’s import dependence for key minerals, projects mineral demand, and quantifies investment needs in storage and transmission/distribution alongside capacity projections in nuclear and non-fossil energy.

CII-EY Report:

Dimension	Key Details
Mineral import dependence	India is fully import-dependent for lithium, cobalt, nickel, silicon, rare earths, gallium, germanium, and platinum group elements.
Projected mineral needs (2025–2070)	Projected needs comprise 66 MT copper, 46 MT graphite, 19.5 MT silicon, and 11.5 MT nickel.
Per capita electricity consumption	Per capita electricity consumption rises from 780 kWh (2015–16) to 1,153 kWh (2024–25).
Energy storage investment needs	Investment needs for energy storage comprise USD 1.15 trillion (2025–2050) and USD 3.3 trillion (2051–2070).
Transmission and distribution investment needs	Long-term investment needs for transmission and distribution comprise USD 2 trillion+.
Nuclear capacity projection	Nuclear capacity is projected to reach 100 GW by 2047.
Non-fossil capacity status and target	India is nearing 300 GW non-fossil capacity, and the target comprises 500 GW by 2030.
Rooftop solar scheme	Rooftop solar under the PM Surya Ghar scheme is expanding rapidly.
Oil consumption status	Oil remains important in consumption, and it doubles to 243 MT (FY26).
Strategic Petroleum Reserve capacity	Strategic Petroleum Reserve capacity comprises 11.8 MT (approved).
Vulnerability identified	Import dependence may cause supply disruptions and geopolitical risks, similar to fossil fuels.
Recommendations listed	Recommendations comprise accelerating domestic exploration, processing, recycling, and manufacturing; diversifying import sources; and building strategic partnerships.